Stocks of Valvoline Inc (NYSE:VVV) traded higher last session on Wall Street, up 7.44% to $39.58.
VVV stock price is now 6.17% away from the 50-day moving average and -3.01% away from the 200-day moving average. The market capitalization of the company currently stands at $5.08B.
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With the price target reduced from $42 to $38, Morgan Stanley Downgraded its rating from Overweight to Equal-Weight for Valvoline Inc (NYSE: VVV). On December 20, 2024, Stifel recently initiated its ‘Hold’ rating on the stock quoting a target price of $42, while ‘Stephens’ rates the stock as ‘Overweight’
In other news, Dobbins Robert Travis, Chief Technology Officer sold 1,914 shares of the company’s stock on Dec 11 ’24. The stock was sold for $76,560 at an average price of $40.00. Upon completion of the transaction, the Chief Technology Officer now directly owns 14,956 shares in the company, valued at $0.59 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Dec 11 ’24, Officer Dobbins Robert Travis bought 1,914 shares of the business’s stock. A total of $76,560 was incurred on buying the stock at an average price of $40.00. A total of 0.25% of the company’s stock is owned by insiders.
During the past 12 months, Valvoline Inc has had a low of $33.86 and a high of $48.26. As of last week, the company has a debt-to-equity ratio of 8.76, a current ratio of 0.72, and a quick ratio of 0.61. The fifty day moving average price for VVV is $37.2596 and a two-hundred day moving average price translates $40.81695 for the stock.
The latest earnings results from Valvoline Inc (NYSE: VVV) was released for 2021-09-30. The net profit margin was 13.06% and return on equity was 110.34% for VVV. The company reported revenue of $421.4 million for the quarter, compared to $376.2 million a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 12.01 percent.
