Fintel reports that on August 21, 2023, Morgan Stanley maintained coverage of Valvoline (NYSE:VVV) with a Equal-Weight recommendation.
Analyst Price Forecast Suggests 30.42% Upside
As of August 2, 2023, the average one-year price target for Valvoline is 43.86. The forecasts range from a low of 40.40 to a high of $48.30. The average price target represents an increase of 30.42% from its latest reported closing price of 33.63.
See our leaderboard of companies with the largest price target upside.
The projected annual revenue for Valvoline is 1,454MM, an increase of 4.69%. The projected annual non-GAAP EPS is 1.11.
What is the Fund Sentiment?
There are 800 funds or institutions reporting positions in Valvoline. This is a decrease of 5 owner(s) or 0.62% in the last quarter. Average portfolio weight of all funds dedicated to VVV is 0.30%, a decrease of 16.05%. Total shares owned by institutions decreased in the last three months by 17.52% to 154,742K shares. 
The put/call ratio of VVV is 0.34, indicating a bullish outlook.
What are Other Shareholders Doing?
Viking Global Investors holds 7,683K shares representing 5.54% ownership of the company. In it's prior filing, the firm reported owning 7,399K shares, representing an increase of 3.70%. The firm decreased its portfolio allocation in VVV by 2.76% over the last quarter.
Wasatch Advisors holds 5,499K shares representing 3.97% ownership of the company. In it's prior filing, the firm reported owning 6,937K shares, representing a decrease of 26.15%. The firm decreased its portfolio allocation in VVV by 17.24% over the last quarter.
VTSMX - Vanguard Total Stock Market Index Fund Investor Shares holds 5,307K shares representing 3.83% ownership of the company. In it's prior filing, the firm reported owning 5,297K shares, representing an increase of 0.20%. The firm decreased its portfolio allocation in VVV by 0.99% over the last quarter.
IJH - iShares Core S&P Mid-Cap ETF holds 5,304K shares representing 3.83% ownership of the company. In it's prior filing, the firm reported owning 5,467K shares, representing a decrease of 3.06%. The firm decreased its portfolio allocation in VVV by 0.62% over the last quarter.
NAESX - Vanguard Small-Cap Index Fund Investor Shares holds 4,499K shares representing 3.24% ownership of the company. In it's prior filing, the firm reported owning 4,499K shares, representing an increase of 0.01%. The firm increased its portfolio allocation in VVV by 2.72% over the last quarter.
Valvoline Background Information
(This description is provided by the company.)
Valvoline Inc. (NYSE: VVV) is a leading worldwide marketer and supplier of premium branded lubricants and automotive services, with sales in more than 140 countries. Established in 1866, the Company's heritage spans more than 150 years, during which time it has developed powerful brand recognition across multiple product and service channels. Valvoline ranks as the No. 3 passenger car motor oil brand in the DIY market by volume. It operates and franchises nearly 1,500 quick-lube locations, and it is the No. 2 chain by number of stores in the United States under the Valvoline Instant Oil ChangeSM brand and the No. 3 chain by number of stores in Canada under the Valvoline Great Canadian Oil Change brand. It also markets Valvoline lubricants and automotive chemicals, including Valvoline High Mileage with MaxLife technology motor oil for engines over 75,000 miles; Valvoline Advanced Full Synthetic motor oil; Valvoline Premium Blue™ heavy-duty motor oil; Valvoline Multi-Vehicle Automatic Transmission Fluid; and Zerex™ antifreeze.
Additional reading:
- Earnings Press Release dated August 9, 2023.
- Succession Press Release dated August 9, 2023.
- Valvoline Inc. Announces Election of Patrick Pacious to its Board of Directors
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