Valvoline (NYSE:VVV) PT dropped to $48.00 at Royal Bank of Canada

Valvoline (NYSE:VVV – Get Free Report) The target price was dropped by equities researchers at Royal Bank of Canada from $54.00 to $48.00 in a note issued to investors on Thursday, Benzinga reports. The firm currently has an “outperform” rating on the basic materials company’s stock. Royal Bank of Canada’s target price would indicate a potential upside of 20.39% from the stock’s current price.

VVV has been the subject of several other reports. Piper Sandler initiated coverage on shares of Valvoline in a research note on Wednesday, June 12th. They issued an “overweight” rating and a $49.00 price target for the company. Citigroup upped their target price on shares of Valvoline from $45.00 to $48.00 and gave the company a “neutral” rating in a report on Friday, July 19th. Finally, Wells Fargo & Company cut their price objective on Valvoline from $50.00 to $46.00 and set an “overweight” rating on the stock in a report on Thursday. Four research analysts have rated the stock with a hold rating and five have given a buy rating to the company’s stock. Valvoline presently has an average rating of “Moderate Buy” and an average price target of $44.75, based on data from MarketBeat.

Get the latest research report on Valvoline

Valvoline stock down 0.3%

Valvoline stock traded up $0.11 during trading hours on Thursday, reaching $39.87. 1,702,684 shares of the company’s stock were exchanged, compared to its average volume of 1,226,201. Valvoline has a fifty-two week low of $29.15 and a fifty-two week high of $48.26. The stock has a market cap of $5.14 billion, a P/E ratio of 31.64 and a beta of 1.43. The company has a current ratio of 0.73, a quick ratio of 0.69, and a debt-to-equity ratio of 15.83. The company has a 50 day moving average of $43.26 and a two hundred day moving average of $42.18.

Valvoline (NYSE:VVV – Get Your Free Report ) last issued its quarterly earnings data on Wednesday, August 7th. The basic materials company reported $0.45 EPS for the quarter, missing the consensus estimate of $0.48 by ($0.03). The company had revenue of $421.00 million during the quarter, compared to analyst estimates of $425.17 million. Valvoline had a net margin of 11.78% and a return on equity of 136.59%. The company’s quarterly revenue was up 11.9% compared to the same quarter last year. During the same period in the previous year, the company posted EPS of $0.43. On average, sell-side analysts predict that Valvoline will post 1.61 EPS for the current fiscal year.

Institutional investors are weighing in on Valvoline

A number of large investors have recently bought and sold shares of the company. Blue Trust Inc. increased its position in shares of Valvoline by 57.9% in the second quarter. Blue Trust Inc. now owns 728 shares of the basic materials company’s stock valued at $32,000 after purchasing an additional 267 shares in the last quarter. Ashton Thomas Private Wealth LLC purchased a new stake in shares of Valvoline in the second quarter valued at $34,000. GAMMA Investing LLC bought a new position in shares of Valvoline in the 4th quarter valued at $35,000. Mather Group LLC. boosted its holdings in shares of Valvoline by 1,617.0% in the second quarter. Mather Group LLC. now owns 807 shares of the basic materials company’s stock worth $36,000 after purchasing an additional 760 shares in the last quarter. Finally, Principal Securities Inc. bought a new stake in shares of Valvoline in the 4th quarter valued at $39,000. 96.13% of shares are currently owned by institutional investors and hedge funds.

About Valvoline

(Get a free report)

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 engine oil, transmission and differential fluid, and coolant; replacement parts for batteries, filters, wiper blades and belts; and safety services such as tire inflation and rotation, light bulbs and safety checks.

Recommended articles

Get news and reviews for Valvoline Daily – Enter your email address below to receive a concise daily summary of the latest news and analysts’ ratings for Valvoline and related companies with MarketBeat.com’s FREE daily email newsletter.