Citigroup Lowers Valvoline (NYSE:VVV) Price Target to $34.00

Valvoline (NYSE:VVV) had its target price decreased by Citigroup from $35.00 to $34.00 in a report issued on Thursday,Benzinga reports. The brokerage currently has a “neutral” rating on the basic materials company’s stock. Citigroup’s price target would indicate a potential upside of 8.77% from the company’s previous close.

Other equities analysts also recently issued reports about the company. Weiss Ratings restated a “hold (c)” rating on shares of Valvoline in a research note on Wednesday. Zacks Research upgraded shares of Valvoline to a “hold” rating in a research report on Tuesday, August 12th. Wells Fargo & Company dropped their price target on shares of Valvoline from $42.00 to $38.00 and set an “overweight” rating on the stock in a research report on Thursday. Stephens increased their price objective on shares of Valvoline from $40.00 to $44.00 and gave the company an “overweight” rating in a report on Tuesday, July 29th. Finally, Royal Bank Of Canada lowered their price objective on shares of Valvoline from $48.00 to $44.00 and set an “outperform” rating on the stock in a research note on Thursday. Nine research analysts have rated the stock with a Buy rating and seven have issued a Hold rating to the company’s stock. According to MarketBeat, Valvoline has a consensus rating of “Moderate Buy” and an average target price of $38.85.

Valvoline Price Performance

VVV opened at $31.26 on Thursday. The company has a 50-day moving average of $34.44 and a 200-day moving average of $36.17. The company has a market capitalization of $3.97 billion, a P/E ratio of 14.54 and a beta of 1.20. Valvoline has a 1-year low of $29.29 and a 1-year high of $41.33. The company has a debt-to-equity ratio of 3.37, a quick ratio of 0.60 and a current ratio of 0.73.

Valvoline (NYSE:VVV) last issued its quarterly earnings results on Wednesday, November 19th. The basic materials company reported $0.45 EPS for the quarter, missing the consensus estimate of $0.47 by ($0.02). Valvoline had a return on equity of 84.85% and a net margin of 16.43%.The company had revenue of $435.50 million for the quarter, compared to the consensus estimate of $455.70 million. During the same period in the previous year, the business posted $0.46 EPS. Valvoline has set its FY 2026 guidance at 1.600-1070.000 EPS. Equities analysts expect that Valvoline will post 1.63 EPS for the current fiscal year.

Institutional Trading of Valvoline

A number of hedge funds and other institutional investors have recently made changes to their positions in the business. Maseco LLP bought a new stake in Valvoline during the second quarter worth approximately $27,000. Community Bank N.A. bought a new position in shares of Valvoline in the third quarter valued at $27,000. Caitong International Asset Management Co. Ltd lifted its position in shares of Valvoline by 1,621.3% during the 3rd quarter. Caitong International Asset Management Co. Ltd now owns 1,050 shares of the basic materials company’s stock valued at $38,000 after acquiring an additional 989 shares during the last quarter. Bayforest Capital Ltd bought a new stake in shares of Valvoline during the 3rd quarter worth $39,000. Finally, Elevation Point Wealth Partners LLC bought a new stake in shares of Valvoline during the 2nd quarter worth $43,000. 96.13% of the stock is currently owned by institutional investors.

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.