Valvoline (NYSE:VVV) Price Target Lowered to $42.00 at Mizuho

Valvoline (NYSE:VVV - Get Free Report) had its price target reduced by equities researchers at Mizuho from $46.00 to $42.00 in a research report issued to clients and investors on Monday,Benzinga reports. The firm presently has an "outperform" rating on the basic materials company's stock. Mizuho's price objective suggests a potential upside of 18.51% from the company's previous close.

Other equities research analysts have also issued research reports about the stock. Wells Fargo & Company dropped their price objective on shares of Valvoline from $46.00 to $44.00 and set an "overweight" rating for the company in a research report on Wednesday, November 20th. Stephens initiated coverage on Valvoline in a report on Tuesday, October 15th. They issued an "overweight" rating and a $49.00 price target for the company. Morgan Stanley reduced their price objective on Valvoline from $46.00 to $42.00 and set an "overweight" rating on the stock in a research note on Wednesday, November 20th. Royal Bank of Canada lowered their target price on Valvoline from $52.00 to $46.00 and set an "outperform" rating for the company in a research note on Wednesday, November 20th. Finally, Robert W. Baird dropped their target price on Valvoline from $48.00 to $46.00 and set an "outperform" rating on the stock in a report on Wednesday, November 20th. Two analysts have rated the stock with a hold rating, seven have given a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus target price of $45.33.

Valvoline Trading Down 1.0 %

Shares of NYSE VVV traded down $0.37 during midday trading on Monday, hitting $35.44. The stock had a trading volume of 1,423,974 shares, compared to its average volume of 1,337,391. The company has a quick ratio of 0.61, a current ratio of 0.72 and a debt-to-equity ratio of 5.77. Valvoline has a 1-year low of $33.86 and a 1-year high of $48.26. The company has a market capitalization of $4.55 billion, a price-to-earnings ratio of 21.88 and a beta of 1.45. The company has a fifty day moving average price of $39.24 and a 200 day moving average price of $41.17.

Insider Buying and Selling at Valvoline

In related news, Director Charles M. Sonsteby acquired 10,000 shares of Valvoline stock in a transaction on Monday, November 25th. The shares were purchased at an average cost of $39.50 per share, for a total transaction of $395,000.00. Following the purchase, the director now directly owns 26,437 shares of the company's stock, valued at $1,044,261.50. The trade was a 60.84 % increase in their position. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CTO Robert Travis Dobbins sold 1,914 shares of the business's stock in a transaction dated Wednesday, December 11th. The stock was sold at an average price of $40.00, for a total transaction of $76,560.00. Following the completion of the sale, the chief technology officer now directly owns 14,956 shares of the company's stock, valued at $598,240. The trade was a 11.35 % decrease in their position. The disclosure for this sale can be found here. 0.66% of the stock is owned by insiders.

Hedge Funds Weigh In On Valvoline

A number of hedge funds have recently bought and sold shares of the company. State Street Corp lifted its holdings in Valvoline by 0.4% during the 3rd quarter. State Street Corp now owns 4,096,436 shares of the basic materials company's stock worth $171,436,000 after buying an additional 16,916 shares during the last quarter. Natixis Advisors LLC lifted its stake in Valvoline by 8.1% during the third quarter. Natixis Advisors LLC now owns 422,989 shares of the basic materials company's stock worth $17,702,000 after purchasing an additional 31,661 shares during the last quarter. Oppenheimer Asset Management Inc. boosted its holdings in Valvoline by 28.8% in the second quarter. Oppenheimer Asset Management Inc. now owns 126,232 shares of the basic materials company's stock worth $5,453,000 after purchasing an additional 28,254 shares during the period. B. Metzler seel. Sohn & Co. Holding AG bought a new stake in Valvoline during the third quarter valued at $4,628,000. Finally, Geode Capital Management LLC raised its holdings in shares of Valvoline by 2.5% during the third 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. 96.13% of the stock is currently owned by institutional investors and hedge funds.

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.