Todays Report: Today, Valvoline (VVV) Coverage Initiated at Goldman Sachs Group Inc.

Today, Valvoline (VVV) Coverage Initiated at Goldman Sachs Group Inc.

Stock analysts at Goldman Sachs Group Inc. started coverage on shares of Valvoline (NYSE:VVV) in a research note issued on Tuesday. The firm set a “neutral” rating on the stock.

A number of other analysts have also recently issued reports on VVV. Gabelli initiated coverage on Valvoline in a report on Wednesday, September 21st. They set a “buy” rating and a $29.00 target price for the company. Seaport Global Securities initiated coverage on Valvoline in a report on Monday, September 26th. They set a “buy” rating and a $27.00 target price for the company. Finally, Monness Crespi & Hardt initiated coverage on Valvoline in a report on Tuesday, September 27th. They set a “buy” rating and a $27.00 target price for the company. One equities research analyst has rated the stock with a hold rating and four have assigned a buy rating to the stock. Valvoline currently has an average rating of “Buy” and an average target price of $27.67.

Valvoline (NYSE:VVV) opened at 23.11 on Tuesday. The firm has a 50-day moving average of $23.27 and a 200 day moving average of $23.27. The stock has a market capitalization of $4.62 billion and a price-to-earnings ratio of 19.19. Valvoline has a 52 week low of $22.60 and a 52 week high of $24.51.

In related news, Director Stephen E. Macadam purchased 5,000 shares of Valvoline stock in a transaction that occurred on Wednesday, September 28th. The shares were purchased at an average cost of $22.00 per share, with a total value of $110,000.00. Following the transaction, the director now owns 5,000 shares of the company’s stock, valued at approximately $110,000. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CFO Mary E. Meixelsperger purchased 2,500 shares of Valvoline stock in a transaction that occurred on Wednesday, September 28th. The shares were bought at an average cost of $22.00 per share, for a total transaction of $55,000.00. Following the completion of the transaction, the chief financial officer now directly owns 2,500 shares in the company, valued at approximately $55,000. The disclosure for this purchase can be found here.

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