Valvoline (NYSE:VVV) Now Covered by Analysts at TD Cowen

Equities researchers at TD Cowen started coverage on shares of Valvoline (NYSE:VVV - Get Free Report) in a research report issued to clients and investors on Friday, MarketBeat reports. The brokerage set a "buy" rating and a $40.00 price target on the basic materials company's stock. TD Cowen's price objective indicates a potential upside of 19.07% from the company's current price.

A number of other research analysts have also weighed in on VVV. JPMorgan Chase & Co. increased their price objective on Valvoline from $37.00 to $38.00 and gave the company a "neutral" rating in a report on Thursday, February 13th. Morgan Stanley reissued an "equal weight" rating and set a $38.00 price target (down from $42.00) on shares of Valvoline in a research report on Tuesday, January 21st. Royal Bank of Canada upped their price objective on shares of Valvoline from $46.00 to $48.00 and gave the company an "outperform" rating in a report on Friday, February 7th. Stifel Nicolaus initiated coverage on shares of Valvoline in a report on Friday, December 20th. They set a "hold" rating and a $42.00 target price for the company. Finally, Mizuho cut their price target on Valvoline from $46.00 to $42.00 and set an "outperform" rating on the stock in a research report on Monday, January 6th. Four investment analysts have rated the stock with a hold rating, eight have given a buy rating and one has given a strong buy rating to the company's stock. Based on data from MarketBeat, Valvoline has an average rating of "Moderate Buy" and an average price target of $43.67.

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Valvoline Stock Up 6.7 %

Shares of VVV stock traded up $2.12 during trading hours on Friday, reaching $33.60. 650,383 shares of the company's stock were exchanged, compared to its average volume of 1,335,946. The stock has a market cap of $4.27 billion, a PE ratio of 16.07 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. The stock's fifty day moving average price is $36.32 and its two-hundred day moving average price is $38.19. Valvoline has a 1 year low of $31.05 and a 1 year high of $48.27.

Valvoline (NYSE:VVV - Get Free Report) last issued 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 net margin of 16.34% and a return on equity of 143.64%. Research analysts predict that Valvoline will post 1.63 EPS for the current year.

Insider Buying and Selling

In other news, insider Julie Marie O'daniel sold 6,000 shares of the company's stock in a transaction on Tuesday, February 25th. The shares were sold at an average price of $37.41, for a total transaction of $224,460.00. Following the completion of the sale, the insider now owns 15,305 shares of the company's stock, valued at $572,560.05. This represents a 28.16 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Insiders own 0.66% of the company's stock.

Institutional Trading of Valvoline

Several large investors have recently bought and sold shares of VVV. State Street Corp raised its position in shares of Valvoline by 0.4% during the 3rd quarter. State Street Corp now owns 4,096,436 shares of the basic materials company's stock valued at $171,436,000 after buying an additional 16,916 shares during the period. Geode Capital Management LLC grew its holdings in shares of Valvoline by 2.5% during the 3rd quarter. Geode Capital Management LLC now owns 2,226,769 shares of the basic materials company's stock worth $93,215,000 after purchasing an additional 54,545 shares during the period. Barclays PLC increased its position in shares of Valvoline by 52.4% during the 3rd quarter. Barclays PLC now owns 53,580 shares of the basic materials company's stock worth $2,242,000 after purchasing an additional 18,414 shares during the last quarter. Confluence Investment Management LLC purchased a new stake in Valvoline in the 4th quarter valued at about $9,095,000. Finally, Charles Schwab Investment Management Inc. lifted its position in Valvoline by 1.0% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 1,642,754 shares of the basic materials company's stock valued at $59,435,000 after buying an additional 16,912 shares during the last quarter. Hedge funds and other institutional investors 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.