In a report released today, Zachary Fadem from Wells Fargo maintained a Buy rating on Valvoline (VVV – Research Report), with a price target of $40.00. The company’s shares closed yesterday at $34.68.
Fadem covers the Consumer Cyclical sector, focusing on stocks such as O’Reilly Auto, Best Buy Co, and Domino’s Pizza. According to TipRanks, Fadem has an average return of 13.5% and a 64.24% success rate on recommended stocks.
The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Valvoline with a $39.20 average price target.
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The company has a one-year high of $39.67 and a one-year low of $29.15. Currently, Valvoline has an average volume of 1.64M.
Based on the recent corporate insider activity of 35 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.
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