Valvoline Inc. (NYSE:VVV – Get Free Report) has been given an average rating of “Buy” by the nine analysts that are covering the firm, Marketbeat Ratings reports. One research analyst has rated the stock with a hold recommendation, seven have issued a buy recommendation and one has given a strong buy recommendation to the company. The average twelve-month price target among brokerages that have updated their coverage on the stock in the last year is $47.75.
Several brokerages have recently commented on VVV. Stephens began coverage on shares of Valvoline in a research note on Tuesday, October 15th. They set an “overweight” rating and a $49.00 price target on the stock. Baird R W raised Valvoline to a “strong-buy” rating in a research report on Thursday, August 15th. Wells Fargo & Company lowered their price objective on Valvoline from $50.00 to $46.00 and set an “overweight” rating on the stock in a report on Thursday, August 8th. Robert W. Baird began coverage on Valvoline in a report on Thursday, August 15th. They issued an “outperform” rating and a $48.00 target price for the company. Finally, Citigroup upped their target price on Valvoline from $45.00 to $48.00 and gave the stock a “neutral” rating in a research report on Friday, July 19th.
Read Our Latest Stock Analysis on Valvoline
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Valvoline Stock Performance
Shares of VVV stock opened at $41.48 on Thursday. Valvoline has a fifty-two week low of $29.15 and a fifty-two week high of $48.26. The stock’s 50-day moving average is $41.16 and its two-hundred day moving average is $42.05. The company has a debt-to-equity ratio of 10.57, a current ratio of 0.73 and a quick ratio of 0.62. The firm has a market cap of $5.34 billion, a P/E ratio of 32.92 and a beta of 1.45.
Valvoline (NYSE:VVV – Get Free Report) last released its quarterly earnings data on Wednesday, August 7th. The basic materials company reported $0.45 EPS for the quarter, missing analysts’ consensus estimates of $0.48 by ($0.03). The firm had revenue of $421.00 million during the quarter, compared to analyst estimates of $425.17 million. Valvoline had a return on equity of 182.88% and a net margin of 10.45%. The company’s quarterly revenue was up 11.9% on a year-over-year basis. During the same quarter in the prior year, the company posted $0.43 EPS. Analysts predict that Valvoline will post 1.53 earnings per share for the current fiscal year.
Valvoline announced that its board has initiated a share buyback plan on Tuesday, July 30th that allows the company to repurchase $400.00 million in outstanding shares. This repurchase authorization allows the basic materials company to reacquire up to 7.6% of its shares through open market purchases. Shares repurchase plans are often a sign that the company’s leadership believes its stock is undervalued.
About Valvoline
Valvoline Inc engages in the operation and franchising of vehicle service centers and retail stores in the United States and Canada. The company, through its service centers, provides fluid exchange for motor oil, transmission and differential fluid, and coolant; parts replacement for batteries, filters, wiper blades, and belts; and safety services, such as tire inflation and rotation, bulbs, and safety checks.
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