Univar Inc. (NYSE:UNVR) had its target price hoisted by stock analysts at Barclays PLC from $33.00 to $34.00 in a report released on Monday. The brokerage presently has an “equal weight” rating on the basic materials company’s stock. Barclays PLC’s price objective would suggest a potential upside of 10.82% from the stock’s previous close.

A number of other research firms have also recently issued reports on UNVR. Zacks Investment Research raised Univar from a “sell” rating to a “hold” rating in a research note on Wednesday, July 19th. BidaskClub raised Univar from a “sell” rating to a “hold” rating in a research note on Thursday. Berenberg Bank started coverage on Univar in a research note on Thursday, July 6th. They issued a “sell” rating and a $24.00 target price for the company. Finally, Jefferies Group LLC reissued a “buy” rating and issued a $39.00 target price (up from $36.00) on shares of Univar in a research note on Wednesday, May 17th. One research analyst has rated the stock with a sell rating, three have given a hold rating and five have issued a buy rating to the company. The stock currently has a consensus rating of “Hold” and a consensus price target of $31.71.

Shares of Univar (NYSE UNVR) traded down 4.24% during midday trading on Monday, reaching $29.38. The company had a trading volume of 511,281 shares. The company’s 50-day moving average is $29.81 and its 200-day moving average is $30.26. Univar has a 52-week low of $17.00 and a 52-week high of $33.15. The firm’s market cap is $4.12 billion.

Univar (NYSE:UNVR) last posted its earnings results on Friday, August 4th. The basic materials company reported $0.34 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.31 by $0.03. Univar had a positive return on equity of 15.96% and a negative net margin of 0.85%. The firm had revenue of $2.25 billion during the quarter, compared to analysts’ expectations of $2.27 billion. During the same period in the previous year, the firm earned $0.29 earnings per share. The company’s revenue was down .7% on a year-over-year basis. Equities research analysts expect that Univar will post $1.09 EPS for the current fiscal year.

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Several hedge funds and other institutional investors have recently bought and sold shares of the company. BlackRock Inc. raised its position in Univar by 57,750.9% in the first quarter. BlackRock Inc. now owns 3,738,902 shares of the basic materials company’s stock worth $114,636,000 after buying an additional 3,732,439 shares during the period. Iridian Asset Management LLC CT raised its position in Univar by 79.5% in the first quarter. Iridian Asset Management LLC CT now owns 6,913,666 shares of the basic materials company’s stock worth $211,973,000 after buying an additional 3,061,679 shares during the period. Massachusetts Financial Services Co. MA raised its position in Univar by 54.7% in the first quarter. Massachusetts Financial Services Co. MA now owns 6,703,921 shares of the basic materials company’s stock worth $205,542,000 after buying an additional 2,370,535 shares during the period. Wells Fargo & Company MN raised its position in Univar by 170.0% in the first quarter. Wells Fargo & Company MN now owns 2,834,610 shares of the basic materials company’s stock worth $86,909,000 after buying an additional 1,784,656 shares during the period. Finally, Vanguard Group Inc. raised its position in Univar by 20.7% in the first quarter. Vanguard Group Inc. now owns 7,623,144 shares of the basic materials company’s stock worth $233,726,000 after buying an additional 1,307,004 shares during the period. 96.70% of the stock is owned by institutional investors.

About Univar

Univar Inc is a distributor of commodity and specialty chemicals. The Company operates through four segments: Univar USA (USA); Univar Canada (Canada); Univar Europe and the Middle East and Africa (EMEA), and Rest of World. The Company’s USA segment supplies a range of commodity and specialty chemicals, as well as services to a range of end markets, including manufacturing and industrial production sectors in the United States.

Analyst Recommendations for Univar (NYSE:UNVR)

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