SunTrust Banks, Inc. restated their hold rating on shares of Valvoline Inc. (NYSE:VVV) in a research report sent to investors on Friday. They currently have a $25.00 price target on the basic materials company’s stock. SunTrust Banks also issued estimates for Valvoline’s Q2 2018 earnings at $0.32 EPS, Q3 2018 earnings at $0.32 EPS, Q4 2018 earnings at $0.33 EPS and FY2018 earnings at $1.24 EPS.
Other analysts have also recently issued reports about the company. J P Morgan Chase & Co reissued a neutral rating and set a $22.00 price target (up from $20.00) on shares of Valvoline in a report on Wednesday, August 9th. Zacks Investment Research cut Valvoline from a buy rating to a hold rating in a report on Thursday, July 13th. Finally, Morgan Stanley lifted their price target on Valvoline from $25.00 to $26.00 and gave the stock an equal weight rating in a report on Friday. Four equities research analysts have rated the stock with a hold rating and four have given a buy rating to the company. The stock currently has an average rating of Buy and a consensus price target of $25.38.
Shares of Valvoline (NYSE:VVV) opened at $23.08 on Friday. The firm has a market capitalization of $4,668.48, a P/E ratio of 16.58, a P/E/G ratio of 2.59 and a beta of 1.62. The company has a debt-to-equity ratio of -8.84, a quick ratio of 1.29 and a current ratio of 1.65. Valvoline has a fifty-two week low of $18.72 and a fifty-two week high of $24.98.
Valvoline (NYSE:VVV) last released its quarterly earnings results on Wednesday, November 8th. The basic materials company reported $0.33 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.34 by ($0.01). The firm had revenue of $547.00 million for the quarter, compared to analyst estimates of $528.14 million. Valvoline had a negative return on equity of 137.91% and a net margin of 14.59%. The business’s revenue for the quarter was up 10.7% on a year-over-year basis. During the same period in the previous year, the business posted $0.35 earnings per share. analysts predict that Valvoline will post 1.24 earnings per share for the current year.
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A number of hedge funds and other institutional investors have recently made changes to their positions in the business. Vanguard Group Inc. raised its holdings in Valvoline by 362.7% in the 2nd quarter. Vanguard Group Inc. now owns 17,555,939 shares of the basic materials company’s stock valued at $416,427,000 after acquiring an additional 13,761,975 shares in the last quarter. BlackRock Inc. raised its holdings in Valvoline by 1,119.3% in the 2nd quarter. BlackRock Inc. now owns 16,915,393 shares of the basic materials company’s stock valued at $401,234,000 after acquiring an additional 15,528,107 shares in the last quarter. Boston Partners raised its holdings in Valvoline by 1.5% in the 3rd quarter. Boston Partners now owns 9,347,906 shares of the basic materials company’s stock valued at $219,209,000 after acquiring an additional 133,924 shares in the last quarter. Evercore Trust Company N.A. acquired a new position in Valvoline in the 2nd quarter valued at $136,610,000. Finally, State Street Corp raised its holdings in Valvoline by 1,123.5% in the 2nd quarter. State Street Corp now owns 5,259,138 shares of the basic materials company’s stock valued at $124,750,000 after acquiring an additional 4,829,291 shares in the last quarter. 92.77% of the stock is owned by hedge funds and other institutional investors.
Valvoline Inc (Valvoline) is engaged in the production and distribution of automotive, commercial and industrial lubricants, and automotive chemicals. The Company operates through three segments: Core North America, Quick Lubes and International. The Core North America segment sells Valvoline, and other branded and private label products in the United States and Canada to both consumers performing their own automotive maintenance, referred to as Do-It-Yourself (DIY) consumers, as well as, to installer customers using Valvoline products to service vehicles owned by Do-It-For-Me (DIFM) consumers.
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