Valvoline (NYSE:VVV) has been given a $22.00 target price by analysts at Citigroup in a research report issued on Thursday. The firm currently has a “buy” rating on the basic materials company’s stock. Citigroup’s price objective points to a potential upside of 9.34% from the stock’s current price.
A number of other research analysts also recently issued reports on the company. Zacks Investment Research downgraded Valvoline from a “hold” rating to a “sell” rating in a research note on Tuesday, July 17th. Morgan Stanley cut their price objective on Valvoline from $25.00 to $23.00 and set an “equal weight” rating for the company in a research note on Thursday, August 2nd. Monness Crespi & Hardt cut their price objective on Valvoline from $28.00 to $26.00 and set a “buy” rating for the company in a research note on Friday, August 3rd. Seaport Global Securities reiterated a “hold” rating and set a $25.00 price objective on shares of Valvoline in a research note on Tuesday, August 7th. Finally, JPMorgan Chase & Co. downgraded Valvoline from a “neutral” rating to an “underweight” rating and cut their price objective for the company from $22.00 to $20.00 in a research note on Friday, September 14th. Three investment analysts have rated the stock with a sell rating, five have issued a hold rating and four have assigned a buy rating to the company. The company has an average rating of “Hold” and a consensus target price of $24.50.
NYSE VVV opened at $20.12 on Thursday. Valvoline has a 52 week low of $17.49 and a 52 week high of $25.63. The stock has a market cap of $3.82 billion, a PE ratio of 15.60, a price-to-earnings-growth ratio of 1.39 and a beta of 0.93.
Several large investors have recently made changes to their positions in VVV. UBS Group AG grew its stake in shares of Valvoline by 8.0% during the 1st quarter. UBS Group AG now owns 73,460 shares of the basic materials company’s stock valued at $1,626,000 after acquiring an additional 5,440 shares during the period. Millennium Management LLC boosted its stake in Valvoline by 534.1% in the 1st quarter. Millennium Management LLC now owns 140,237 shares of the basic materials company’s stock worth $3,103,000 after purchasing an additional 118,120 shares during the period. Legal & General Group Plc boosted its stake in Valvoline by 21.0% in the 1st quarter. Legal & General Group Plc now owns 224,449 shares of the basic materials company’s stock worth $4,967,000 after purchasing an additional 38,998 shares during the period. Principal Financial Group Inc. boosted its stake in Valvoline by 4.4% in the 1st quarter. Principal Financial Group Inc. now owns 872,327 shares of the basic materials company’s stock worth $19,305,000 after purchasing an additional 37,049 shares during the period. Finally, Brown Advisory Inc. boosted its stake in Valvoline by 23.7% in the 1st quarter. Brown Advisory Inc. now owns 30,648 shares of the basic materials company’s stock worth $678,000 after purchasing an additional 5,864 shares during the period. Institutional investors own 98.45% of the company’s stock.
Valvoline Inc manufactures and markets engine and automotive maintenance products and services. It operates through three segments: Core North America, Quick Lubes, and International. The company offers lubricants for passenger car/light duty and heavy duty; antifreeze/coolants for original equipment manufacturers; functional and maintenance chemicals, such as brake fluids and power steering fluids, as well as specialty coatings for automotive and industrial applications comprising rust prevention and sound absorption; and oil and air filters for light-duty vehicles.
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