Valvoline (NYSE:VVV) Price Target Lowered to $46.00 at Royal Bank of Canada

Valvoline (NYSE:VVV) had its target price lowered by Royal Bank of Canada from $52.00 to $46.00 in a research report released on Wednesday morning,Benzinga reports. The brokerage currently has an outperform rating on the basic materials company’s stock.

Other research analysts also recently issued reports about the stock. Robert W. Baird lowered their price objective on shares of Valvoline from $48.00 to $46.00 and set an “outperform” rating on the stock in a research report on Wednesday. Stephens assumed coverage on shares of Valvoline in a research note on Tuesday, October 15th. They issued an “overweight” rating and a $49.00 price target on the stock. Morgan Stanley cut their price objective on Valvoline from $46.00 to $42.00 and set an “overweight” rating for the company in a report on Wednesday. Wells Fargo & Company lowered their target price on Valvoline from $46.00 to $44.00 and set an “overweight” rating on the stock in a research note on Wednesday. Finally, Baird R W raised Valvoline to a “strong-buy” rating in a research note on Thursday, August 15th. One research analyst has rated the stock with a hold rating, seven have issued a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Buy” and a consensus price target of $46.25.

Valvoline Trading Up 0.0 %

NYSE:VVV opened at $38.57 on Wednesday. The stock has a market cap of $4.97 billion, a PE ratio of 23.81 and a beta of 1.46. Valvoline has a fifty-two week low of $33.86 and a fifty-two week high of $48.26. The company has a debt-to-equity ratio of 5.77, a current ratio of 0.72 and a quick ratio of 0.62. The stock’s 50-day moving average is $41.33 and its two-hundred day moving average is $41.91.

Valvoline declared that its board has authorized a stock buyback plan on Tuesday, July 30th that authorizes the company to buyback $400.00 million in outstanding shares. This buyback authorization authorizes the basic materials company to repurchase up to 7.6% of its stock through open market purchases. Stock buyback plans are usually an indication that the company’s board of directors believes its shares are undervalued.

Institutional Trading of Valvoline

Institutional investors and hedge funds have recently made changes to their positions in the stock. UMB Bank n.a. raised its stake in shares of Valvoline by 92.1% in the 3rd quarter. UMB Bank n.a. now owns 630 shares of the basic materials company’s stock valued at $26,000 after acquiring an additional 302 shares in the last quarter. Blue Trust Inc. raised its position in shares of Valvoline by 57.9% in the second quarter. Blue Trust Inc. now owns 728 shares of the basic materials company’s stock valued at $32,000 after purchasing an additional 267 shares during the period. Ashton Thomas Private Wealth LLC bought a new position in shares of Valvoline in the second quarter valued at approximately $34,000. Mather Group LLC. lifted its stake in shares of Valvoline by 1,617.0% in the second quarter. Mather Group LLC. now owns 807 shares of the basic materials company’s stock worth $36,000 after buying an additional 760 shares during the last quarter. Finally, Prospera Private Wealth LLC bought a new stake in shares of Valvoline during the 3rd quarter worth $41,000. Institutional investors and hedge funds own 96.13% of the company’s stock.

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.