Valvoline (NYSE:VVV) updated its FY19 earnings guidance on Monday. The company provided earnings per share guidance of $1.35-1.43 for the period, compared to the Thomson Reuters consensus earnings per share estimate of $1.49. The company issued revenue guidance of $2.44-2.49 billion, compared to the consensus revenue estimate of $2.42 billion.
Several equities analysts have recently commented on the company. Monness Crespi & Hardt decreased their price target on Valvoline from $28.00 to $26.00 and set a buy rating on the stock in a research note on Friday, August 3rd. Zacks Investment Research lowered Valvoline from a hold rating to a sell rating in a research note on Tuesday, July 17th. ValuEngine raised Valvoline from a sell rating to a hold rating in a research note on Tuesday, July 10th. JPMorgan Chase & Co. lowered Valvoline from a neutral rating to an underweight rating and decreased their price target for the company from $22.00 to $20.00 in a research note on Friday, September 14th. Finally, Jefferies Financial Group assumed coverage on Valvoline in a research note on Wednesday, October 3rd. They issued a buy rating and a $27.00 price target on the stock. Two research analysts have rated the stock with a sell rating, four have assigned a hold rating and four have issued a buy rating to the company. Valvoline has an average rating of Hold and an average target price of $25.38.
Shares of Valvoline stock traded up $0.39 during trading hours on Monday, hitting $20.79. The company’s stock had a trading volume of 1,798,800 shares, compared to its average volume of 1,474,830. Valvoline has a twelve month low of $19.08 and a twelve month high of $25.63. The firm has a market cap of $3.89 billion, a PE ratio of 14.96, a price-to-earnings-growth ratio of 1.10 and a beta of 0.93.
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Valvoline Company Profile
Valvoline Inc manufactures and markets engine and automotive maintenance products and services. It operates through three segments: Core North America, Quick Lubes, and International. The company offers lubricants for passenger car/light duty and heavy duty; antifreeze/coolants for original equipment manufacturers; functional and maintenance chemicals, such as brake fluids and power steering fluids, as well as specialty coatings for automotive and industrial applications comprising rust prevention and sound absorption; and oil and air filters for light-duty vehicles.
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