Shares of Valvoline Inc. (NYSE:VVV) traded today at $35.95, eclipsing its 52-week high. Approximately 574,000 shares have changed hands today, as compared to an average 30-day volume of 928,000 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. Product sales accounted for nearly 65% of fiscal 2020 sales, with the balance generated by its retail services (quick-lube) unit.
Based on a current price of $35.45, Valvoline Inc. is currently 18.0% above its average consensus analyst price target of $29.07.
In the past 52 weeks, Valvoline Inc. share prices are bracketed by a low of $18.34 and a high of $35.95 and are now at $35.45, 93% above that low price.
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