United Stationers Inc. Sets New 1-Year High at $44.00 (USTR)
United Stationers (NASDAQ:USTR) set a new 52-week high during trading hours on Tuesday, ARN reports. The company traded as high as $44.00 and last traded at $43.43, with a volume of 100,063 shares. The stock had previously closed at $43.44.
A number of research firms have recently commented on USTR. Analysts at Zacks downgraded shares of United Stationers (NASDAQ:USTR) from an “outperform” rating to a “neutral” rating in a research note to investors on Friday, August 23rd. They now have a $46.40 price target on the stock. Separately, analysts at Wunderlich downgraded shares of United Stationers (NASDAQ:USTR) from a “buy” rating to a “hold” rating in a research note to investors on Friday, August 2nd. They now have a $42.00 price target on the stock, up previously from $39.00.
In other United Stationers news, SVP Eric Blanchard sold 1,445 shares of the company’s stock in a transaction that occurred on Friday, September 20th. The stock was sold at an average price of $42.28, for a total value of $61,094.60. Following the transaction, the senior vice president now directly owns 20,372 shares in the company, valued at approximately $861,328. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link.
United Stationers has a 52-week low of $25.93 and a 52-week high of $44.00. The stock’s 50-day moving average is $41.6 and its 200-day moving average is $37.66. The company has a market cap of $1.754 billion and a P/E ratio of 14.83.
United Stationers (NASDAQ:USTR) last posted its quarterly earnings results on Monday, July 22nd. The company reported $0.86 earnings per share for the quarter, beating the analysts’ consensus estimate of $0.77 by $0.09. The company had revenue of $1.30 billion for the quarter, compared to the consensus estimate of $1.30 billion. During the same quarter last year, the company posted $0.66 earnings per share. United Stationers’s revenue was down .1% compared to the same quarter last year. On average, analysts predict that United Stationers will post $3.21 earnings per share for the current fiscal year.
United Stationers Inc (NASDAQ:USTR) is a wholesale distributor of business products.
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