Valvoline (NYSE:VVV) Price Target Lowered to $38.00 at Citigroup

Valvoline (NYSE:VVV) had its price target reduced by Citigroup from $41.00 to $38.00 in a research note released on Tuesday,Benzinga reports. They currently have a neutral rating on the basic materials company’s stock.

VVV has been the topic of a number of other reports. JPMorgan Chase & Co. increased their target price on shares of Valvoline from $37.00 to $38.00 and gave the company a “neutral” rating in a research report on Thursday, February 13th. Mizuho cut their target price on Valvoline from $46.00 to $42.00 and set an “outperform” rating on the stock in a research report on Monday, January 6th. Royal Bank of Canada boosted their target price on Valvoline from $46.00 to $48.00 and gave the company an “outperform” rating in a report on Friday, February 7th. TD Cowen assumed coverage on Valvoline in a research note on Friday, April 4th. They set a “buy” rating and a $40.00 price target on the stock. Finally, Wells Fargo & Company reduced their price objective on Valvoline from $44.00 to $42.00 and set an “overweight” rating for the company in a research note on Monday. Four investment analysts have rated the stock with a hold rating, eight have given a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat.com, Valvoline presently has a consensus rating of “Moderate Buy” and a consensus price target of $42.67.

Valvoline Trading Down 0.7 %

Shares of NYSE:VVV opened at $34.07 on Tuesday. Valvoline has a 52 week low of $31.02 and a 52 week high of $48.27. The company’s 50 day moving average is $34.80 and its two-hundred day moving average is $37.40. The company has a market cap of $4.33 billion, a PE ratio of 16.30 and a beta of 1.32. The company has a current ratio of 0.70, a quick ratio of 0.58 and a debt-to-equity ratio of 4.39.

Valvoline (NYSE:VVV) last announced its quarterly earnings results on Thursday, February 6th. The basic materials company reported $0.32 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.31 by $0.01. Valvoline had a return on equity of 143.64% and a net margin of 16.34%. Equities analysts predict that Valvoline will post 1.63 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other Valvoline news, insider Julie Marie O’daniel sold 6,000 shares of Valvoline stock in a transaction that occurred on Tuesday, February 25th. The stock was sold at an average price of $37.41, for a total value of $224,460.00. Following the sale, the insider now owns 15,305 shares of the company’s stock, valued at approximately $572,560.05. The trade was a 28.16 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.66% of the stock is owned by insiders.

Institutional Trading of Valvoline

Hedge funds have recently modified their holdings of the business. Huntington National Bank grew its holdings in Valvoline by 1,004.9% during the fourth quarter. Huntington National Bank now owns 895 shares of the basic materials company’s stock worth $32,000 after acquiring an additional 814 shares during the period. Opal Wealth Advisors LLC purchased a new stake in shares of Valvoline during the 1st quarter worth $35,000. Centricity Wealth Management LLC acquired a new position in shares of Valvoline during the 4th quarter worth $36,000. American National Bank & Trust purchased a new position in shares of Valvoline in the 1st quarter valued at about $40,000. Finally, Versant Capital Management Inc lifted its stake in shares of Valvoline by 221.8% in the first quarter. Versant Capital Management Inc now owns 1,181 shares of the basic materials company’s stock valued at $41,000 after purchasing an additional 814 shares during the period. 96.13% of the stock is owned by institutional investors and hedge funds.

Valvoline Company Profile

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.