Morgan Stanley Issues Pessimistic Forecast for Valvoline (NYSE:VVV) Stock Price

Valvoline (NYSE:VVV) had its price objective decreased by stock analysts at Morgan Stanley from $46.00 to $42.00 in a report released on Wednesday,Benzinga reports. The firm presently has an “overweight” rating on the basic materials company’s stock. Morgan Stanley’s price target would indicate a potential upside of 8.64% from the stock’s current price.

VVV has been the topic of a number of other research reports. Stephens assumed coverage on Valvoline in a report on Tuesday, October 15th. They set an “overweight” rating and a $49.00 price objective on the stock. Royal Bank of Canada dropped their price objective on Valvoline from $54.00 to $48.00 and set an “outperform” rating on the stock in a report on Thursday, August 8th. Robert W. Baird assumed coverage on Valvoline in a report on Thursday, August 15th. They set an “outperform” rating and a $48.00 price objective on the stock. Baird R W raised Valvoline to a “strong-buy” rating in a report on Thursday, August 15th. Finally, Wells Fargo & Company dropped their price objective on Valvoline from $50.00 to $46.00 and set an “overweight” rating on the stock in a report on Thursday, August 8th. One research analyst has 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 currently has an average rating of “Buy” and a consensus price target of $47.25.

Valvoline Stock Down 8.7 %

VVV stock opened at $38.66 on Wednesday. The stock has a fifty day moving average of $41.43 and a 200-day moving average of $41.99. The company has a market capitalization of $4.98 billion, a price-to-earnings ratio of 31.43 and a beta of 1.46. The company has a debt-to-equity ratio of 10.57, a quick ratio of 0.62 and a current ratio of 0.73. Valvoline has a fifty-two week low of $33.86 and a fifty-two week high of $48.26.

Valvoline announced that its board has authorized a stock repurchase plan on Tuesday, July 30th that allows the company to repurchase $400.00 million in outstanding shares. This repurchase authorization allows the basic materials company to reacquire up to 7.6% of its shares through open market purchases. Shares repurchase plans are often an indication that the company’s leadership believes its stock is undervalued.

Institutional Trading of Valvoline

Institutional investors and hedge funds have recently modified their holdings of the business. Tidal Investments LLC raised its holdings in shares of Valvoline by 97.6% in the 1st quarter. Tidal Investments LLC now owns 29,843 shares of the basic materials company’s stock valued at $1,330,000 after acquiring an additional 14,739 shares in the last quarter. Oppenheimer Asset Management Inc. raised its holdings in shares of Valvoline by 28.8% during the 2nd quarter. Oppenheimer Asset Management Inc. now owns 126,232 shares of the basic materials company’s stock valued at $5,453,000 after buying an additional 28,254 shares in the last quarter. Vaughan Nelson Investment Management L.P. raised its holdings in shares of Valvoline by 6.4% during the 2nd quarter. Vaughan Nelson Investment Management L.P. now owns 1,130,920 shares of the basic materials company’s stock valued at $48,857,000 after buying an additional 68,340 shares in the last quarter. Texas Permanent School Fund Corp raised its holdings in shares of Valvoline by 22.8% during the 2nd quarter. Texas Permanent School Fund Corp now owns 139,352 shares of the basic materials company’s stock valued at $6,020,000 after buying an additional 25,885 shares in the last quarter. Finally, Mawer Investment Management Ltd. raised its holdings in shares of Valvoline by 40.5% during the 2nd quarter. Mawer Investment Management Ltd. now owns 424,327 shares of the basic materials company’s stock valued at $18,331,000 after buying an additional 122,344 shares in the last quarter. Hedge funds and other institutional investors own 96.13% of the company’s stock.

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.