TD Cowen Reaffirms Their Buy Rating on Valvoline (VVV)
TD Cowen analyst Max Rakhlenko maintained a Buy rating on Valvoline today and set a price target of $37.00.
Claim 50% Off TipRanks Premium and Invest with Confidence
- Unlock hedge-fund level data and powerful investing tools designed to help you make smarter, sharper decisions
- Stay ahead of the market with the latest news and analysis so your portfolio is always positioned for maximum potential
According to TipRanks, Rakhlenko is a 4-star analyst with an average return of 8.2% and a 60.10% success rate. Rakhlenko covers the Consumer Cyclical sector, focusing on stocks such as Planet Fitness, AutoZone, and Home Depot.
In addition to TD Cowen, Valvoline also received a Buy from Roth MKM’s Scott Stember in a report issued yesterday. However, on December 12, Morgan Stanley maintained a Hold rating on Valvoline (NYSE: VVV).
Based on Valvoline’s latest earnings release for the quarter ending September 30, the company reported a quarterly revenue of $453.8 million and a net profit of $25 million. In comparison, last year the company earned a revenue of $435.5 million and had a net profit of $92.3 million
Based on the recent corporate insider activity of 38 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. Last month, Julie Marie O’Daniel, the CLO of VVV sold 3,200.00 shares for a total of $102,016.00.
Read More on VVV:
Disclaimer & DisclosureReport an Issue
- Valvoline initiated with a Buy at Roth Capital
- Valvoline reinstated with a Buy at Jefferies
- Valvoline price target lowered to $38 from $43 at Mizuho
- Promising Outlook for Valvoline: Buy Rating Backed by Strong Growth Prospects and Strategic Initiatives
- Valvoline: Hold Rating Amid Conservative Growth Prospects and Acquisition Challenges
