RBC Capital Keeps Their Buy Rating on Valvoline (VVV)

RBC Capital analyst Steven Shemesh maintained a Buy rating on Valvoline (VVV – Research Report) yesterday and set a price target of $48.00. The company’s shares closed yesterday at $42.19.

Shemesh covers the Consumer Cyclical sector, focusing on stocks such as Wayfair, Driven Brands Holdings, and CarMax. According to TipRanks, Shemesh has an average return of -6.9% and a 44.97% success rate on recommended stocks.

Currently, the analyst consensus on Valvoline is a Moderate Buy with an average price target of $46.60, implying a 10.45% upside from current levels. In a report released yesterday, Wells Fargo also maintained a Buy rating on the stock with a $50.00 price target.

Based on Valvoline’s latest earnings release for the quarter ending December 31, the company reported a quarterly revenue of $373.4 million and a net profit of $31.9 million. In comparison, last year the company earned a revenue of $332.8 million and had a net profit of $81.9 million

Based on the recent corporate insider activity of 33 insiders, corporate insider sentiment is positive on the stock. This means that over the past quarter there has been an increase of insiders buying their shares of VVV in relation to earlier this year.

TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.

Valvoline (VVV) Company Description:

Valvoline, Inc. is engaged in producing, marketing and supplying of engine & automotive maintenance products and services. The company operates through three segments: Engine and Automotive Maintenance Products, Company-Owned Quick-lube Operations, and Franchised Quick-Lube Operations. The Engine and Automotive Maintenance Products segment include lubricants, antifreeze, chemicals, filters, and other complementary products for use across a wide array of vehicles and engines. The Company-Owned Quick-lube Operations segment includes the sale of engine and automotive maintenance products and related services. The Franchised Quick-Lube Operations segment include product sales and the license of intellectual property, which provides access to the Valvoline brand and proprietary information to operate service center stores over the term of a franchise agreement. Its products include motor oil, gear oil, pro-v racing and antifreeze and radiator. Valvoline was founded in 1866 and is headquartered in Lexington, KY.