United Stationers Stock Rating Lowered by Zacks (USTR)
United Stationers (NASDAQ:USTR) was downgraded by Zacks from a “neutral” rating to an “underperform” rating in a research report issued to clients and investors on Thursday, Analyst Ratings Network.com reports. They currently have a $35.90 target price on the stock. Zacks‘s price objective indicates a potential downside of 4.88% from the stock’s previous close.
United Stationers (NASDAQ:USTR) traded up 0.32% during mid-day trading on Thursday, hitting $37.86. 127,214 shares of the company’s stock traded hands. United Stationers has a 1-year low of $32.61 and a 1-year high of $46.86. The stock’s 50-day moving average is $38.43 and its 200-day moving average is $42.06. The company has a market cap of $1.491 billion and a P/E ratio of 11.51.
United Stationers (NASDAQ:USTR) last issued its quarterly earnings data on Wednesday, April 23rd. The company reported $0.55 earnings per share for the quarter, missing the analysts’ consensus estimate of $0.59 by $0.04. The company had revenue of $1.25 billion for the quarter, compared to the consensus estimate of $1.23 billion. During the same quarter last year, the company posted $0.56 earnings per share. United Stationers’s revenue was up .3% compared to the same quarter last year. On average, analysts predict that United Stationers will post $3.31 earnings per share for the current fiscal year.
United Stationers Inc (NASDAQ:USTR) is a wholesale distributor of business products.
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