VVV - Shares of Valvoline Inc. (VVV) Rise Above Previous 52-Week High
Valvoline Inc. (NYSE:VVV) traded at a new 52-week high today of $31.79. So far today approximately 192,000 shares have been exchanged, as compared to an average 30-day volume of 1.4 million shares.
Valvoline produces, markets, and sells automotive maintenance products, particularly lubricants, to retail outlets and installer customers worldwide. The company caters to do-it-yourself customers by selling products to auto-parts stores and leading mass-merchandisers via direct sales and distributors. Valvoline targets the do-it-for-me segment by selling products to car dealers, general repair shops, and third-party quick-lube chains. Valvoline also operates and franchises quick-lube oil change centers, in addition to selling products and providing Valvoline-branded signage to smaller-scale independent operators. North American product sales accounted for about 40% of fiscal 2020 sales, while its quick-lube and international units generated nearly 40% and roughly 20%, respectively.
Based on a current price of $31.65, Valvoline Inc. is currently 13.0% above its average consensus analyst price target of $27.55.
Over the past year, Valvoline Inc. has traded in a range of $14.81 to $31.79 and is now at $31.65, 114% above that low.
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