Valvoline Inc. (NYSE:VVV) has been assigned a consensus rating of “Hold” from the twelve analysts that are presently covering the company, Marketbeat reports. Seven research analysts have rated the stock with a hold recommendation and five have assigned a buy recommendation to the company. The average 1 year price target among analysts that have covered the stock in the last year is $25.78.
A number of equities research analysts have weighed in on the company. Zacks Investment Research raised Valvoline from a “hold” rating to a “buy” rating and set a $25.00 price objective on the stock in a report on Friday, April 28th. Deutsche Bank AG reaffirmed a “hold” rating and set a $23.00 price objective (up from $22.00) on shares of Valvoline in a report on Saturday, June 3rd. Finally, Seaport Global Securities raised Valvoline from a “neutral” rating to a “buy” rating and set a $26.00 price objective on the stock in a report on Wednesday, June 7th.
Shares of Valvoline (NYSE:VVV) traded up 0.38% during mid-day trading on Tuesday, hitting $23.66. The stock had a trading volume of 6,062,000 shares. The firm has a 50 day moving average of $22.81 and a 200 day moving average of $22.61. The stock has a market cap of $4.84 billion and a price-to-earnings ratio of 17.14. Valvoline has a one year low of $18.30 and a one year high of $24.98.
Valvoline (NYSE:VVV) last released its quarterly earnings data on Tuesday, April 25th. The basic materials company reported $0.37 earnings per share for the quarter, beating analysts’ consensus estimates of $0.34 by $0.03. The company had revenue of $514 million for the quarter, compared to analyst estimates of $501.04 million. The firm’s revenue for the quarter was up 7.1% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.33 earnings per share. On average, analysts forecast that Valvoline will post $1.39 earnings per share for the current year.
The company also recently announced a quarterly dividend, which was paid on Thursday, June 15th. Stockholders of record on Thursday, June 1st were paid a $0.049 dividend. This represents a $0.20 dividend on an annualized basis and a dividend yield of 0.83%. The ex-dividend date was Tuesday, May 30th.
Hedge funds and other institutional investors have recently bought and sold shares of the stock. Boston Partners purchased a new position in Valvoline during the first quarter worth about $50,946,000. Vanguard Group Inc. boosted its position in Valvoline by 105.1% in the first quarter. Vanguard Group Inc. now owns 3,793,964 shares of the basic materials company’s stock worth $93,142,000 after buying an additional 1,944,594 shares during the period. Cardinal Capital Management LLC CT boosted its position in Valvoline by 15,260.4% in the fourth quarter. Cardinal Capital Management LLC CT now owns 1,536,043 shares of the basic materials company’s stock worth $33,025,000 after buying an additional 1,526,043 shares during the period. Janus Capital Management LLC boosted its position in Valvoline by 709.7% in the fourth quarter. Janus Capital Management LLC now owns 1,702,242 shares of the basic materials company’s stock worth $36,598,000 after buying an additional 1,492,001 shares during the period. Finally, RidgeWorth Capital Management LLC boosted its position in Valvoline by 119.9% in the fourth quarter. RidgeWorth Capital Management LLC now owns 2,190,200 shares of the basic materials company’s stock worth $47,089,000 after buying an additional 1,194,300 shares during the period. Institutional investors own 27.11% of the company’s stock.
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Valvoline Inc (Valvoline) is engaged in the production and distribution of automotive, commercial and industrial lubricants, and automotive chemicals. The Company operates through three segments: Core North America, Quick Lubes and International. The Core North America segment sells Valvoline, and other branded and private label products in the United States and Canada to both consumers performing their own automotive maintenance, referred to as Do-It-Yourself (DIY) consumers, as well as, to installer customers using Valvoline products to service vehicles owned by Do-It-For-Me (DIFM) consumers.
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