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United Stationers (NASDAQ:USTR) was upgraded by Zacks from an “underperform” rating to a “neutral” rating in a research note issued to investors on Tuesday. The firm currently has a $41.40 target price on the stock. Zacks‘s target price indicates a potential upside of 2.42% from the stock’s previous close.

United Stationers (NASDAQ:USTR) traded up 0.42% on Tuesday, hitting $40.59. The stock had a trading volume of 107,739 shares. United Stationers has a 1-year low of $32.61 and a 1-year high of $46.86. The stock has a 50-day moving average of $39.52 and a 200-day moving average of $41.27. The company has a market cap of $1.599 billion and a P/E ratio of 12.33.

United Stationers (NASDAQ:USTR) last posted its quarterly earnings results on Wednesday, April 23rd. The company reported $0.55 EPS for the quarter, missing the Thomson Reuters 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 in the prior year, the company posted $0.56 earnings per share. The company’s quarterly revenue was up .3% on a year-over-year basis. On average, analysts predict that United Stationers will post $3.30 earnings per share for the current fiscal year.

The company also recently announced a quarterly dividend, which is scheduled for Tuesday, July 15th. Stockholders of record on Friday, June 13th will be paid a dividend of $0.14 per share. This represents a $0.56 annualized dividend and a dividend yield of 1.39%. The ex-dividend date is Wednesday, June 11th.

Separately, analysts at Jefferies Group raised their price target on shares of United Stationers from $36.00 to $39.00 in a research note on Tuesday, June 3rd. They now have a “hold” rating on the stock.

United Stationers Inc (NASDAQ:USTR) is a wholesale distributor of business products.

To view Zacks’ full report, visit Zacks’ official website.

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