Valvoline Inc (NYSE:VVV) does about 1.23M shares in volume on a normal day but saw 987676 shares change hands in Tuesday trading. The company now has a market cap of 5.64B USD. Its current market price is $43.53, marking a decrease of -2.77% compared to the previous close of $44.77. The 52 week high reached by this stock is $45.37 whilst the lowest price level in 52 weeks is $29.15.
Valvoline Inc (VVV) has a 20-day trading average at $44.03 and the current price is -4.06% off the 52-week high compared with 49.33% distance from its 52-week low. The 50-day simple moving average of the closing price is $41.16 and its 200-day simple moving average is $36.22. If we look at the stock’s price movements over the week, volatility stands at 1.75%, which increases to 1.89% over 1 month. It is also key to look at other market indicators of price movement for the stock, where we see that the relative strength index (RSI) is at 52.19 to suggest the stock is neutral.
The consensus objective for the share price is $44.67, suggesting that the stock has a potential upside of 2.55% over the period.
The company shares received a number of brokerage firm price updates over the past month, with the latest being on March 19, 2024 when Mizuho initiated the stock to “Buy” and issued a price target of $50. Morgan Stanley upgraded the stock to “Overweight” from Equal-Weight on January 16, 2024 at a price target of $37-$44. Goldman resumed its price target at $37.
Valvoline Inc (VVV) stock is down -1.02% over the week and 0.83% over the past month. Its price is 15.83% year-to-date and 25.37% over the past year.
VVV’s earnings per share are forecast to grow by 34.70% this year and 23.30% over next year. Expected sales for next quarter are $426.47 million, which analysts say will come at $1.63 billion for the current fiscal year and next year at $1.85 billion. In addition, estimates put the company’s current quarterly revenue at an average of $389.08 million.
To reach the target analysts have set, the stock logically needs to grow 2.55 percent from here.
Outstanding shares total 134.80M with insiders holding 0.59% of the shares and institutional holders owning 100.07% of the company’s common stock. The company has a return on investment of -10.96% and return on equity of 116.52%. The forward price to earnings ratio is 22.18. The beta has a value of 1.45. Price to book ratio is 87.06 and price to sales ratio is 3.80.
