Valvoline (NYSE:VVV) Price Target Cut to $42.00 by Analysts at Mizuho

Valvoline (NYSE:VVV) had its target price reduced by Mizuho from $46.00 to $42.00 in a research report released on Monday morning,Benzinga reports. Mizuho currently has an outperform rating on the basic materials company’s stock.

VVV has been the subject of a number of other reports. Royal Bank of Canada reduced their price target on shares of Valvoline from $52.00 to $46.00 and set an “outperform” rating for the company in a report on Wednesday, November 20th. Morgan Stanley decreased their target price on Valvoline from $46.00 to $42.00 and set an “overweight” rating for the company in a research report on Wednesday, November 20th. Wells Fargo & Company cut their price target on Valvoline from $46.00 to $44.00 and set an “overweight” rating on the stock in a report on Wednesday, November 20th. Stifel Nicolaus initiated coverage on Valvoline in a report on Friday, December 20th. They set a “hold” rating and a $42.00 price objective for the company. Finally, Robert W. Baird lowered their target price on Valvoline from $48.00 to $46.00 and set an “outperform” rating on the stock in a research report on Wednesday, November 20th. Two research analysts have rated the stock with a hold rating, seven have given a buy rating and one has given a strong buy rating to the company. According to MarketBeat, Valvoline currently has an average rating of “Moderate Buy” and an average target price of $45.33.

Valvoline Trading Down 1.0 %

NYSE VVV opened at $35.44 on Monday. The stock has a market capitalization of $4.55 billion, a P/E ratio of 21.88 and a beta of 1.45. The business has a 50 day simple moving average of $39.24 and a 200 day simple moving average of $41.17. The company has a debt-to-equity ratio of 5.77, a current ratio of 0.72 and a quick ratio of 0.61. Valvoline has a one year low of $33.86 and a one year high of $48.26.

Insider Activity at Valvoline

In other Valvoline news, CEO Lori Ann Flees purchased 2,500 shares of the firm’s stock in a transaction that occurred on Wednesday, November 27th. The stock was bought at an average cost of $39.64 per share, with a total value of $99,100.00. Following the completion of the transaction, the chief executive officer now owns 38,428 shares of the company’s stock, valued at $1,523,285.92. The trade was a 6.96 % increase in their position. The purchase was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CTO Robert Travis Dobbins sold 1,914 shares of Valvoline stock in a transaction on Wednesday, December 11th. The stock was sold at an average price of $40.00, for a total value of $76,560.00. Following the sale, the chief technology officer now owns 14,956 shares in the company, valued at $598,240. This trade represents a 11.35 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.66% of the stock is currently owned by insiders.

Institutional Investors Weigh In On Valvoline

Several large investors have recently made changes to their positions in VVV. UMB Bank n.a. grew its position in Valvoline by 92.1% during the third quarter. UMB Bank n.a. now owns 630 shares of the basic materials company’s stock valued at $26,000 after buying an additional 302 shares during the period. Ashton Thomas Private Wealth LLC bought a new position in shares of Valvoline during the 2nd quarter valued at approximately $34,000. Prospera Private Wealth LLC purchased a new stake in shares of Valvoline during the 3rd quarter worth approximately $41,000. Blue Trust Inc. raised its holdings in shares of Valvoline by 83.0% in the 3rd quarter. Blue Trust Inc. now owns 1,332 shares of the basic materials company’s stock worth $58,000 after purchasing an additional 604 shares during the period. Finally, GAMMA Investing LLC lifted its stake in Valvoline by 46.5% in the third quarter. GAMMA Investing LLC now owns 1,465 shares of the basic materials company’s stock valued at $61,000 after purchasing an additional 465 shares during the last quarter. 96.13% of the stock is owned by hedge funds and other institutional investors.

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.