Univar Inc. (UNVR) Lifted to Buy at Zacks Investment Research
Univar Inc. (NYSE:UNVR) was upgraded by Zacks Investment Research from a “hold” rating to a “buy” rating in a research report issued to clients and investors on Tuesday. The brokerage presently has a $34.00 target price on the basic materials company’s stock. Zacks Investment Research‘s target price indicates a potential upside of 14.67% from the company’s previous close.
According to Zacks, “Univar Inc. is a distributor of chemicals and innovative services. The Company offers solvents, resins, pigments, acids, bases, surfactants, glycols, inorganic compounds and alcohols. It also offers transportation and warehousing infrastructure, chemicals and hazardous materials handling services. The Company’s operating geographical segments include Univar USA, Univar Canada, Univar Europe and the Middle East as well as Rest of World. It serves coatings and adhesives, food, oil and gas, personal care and pharmaceutical industries. Univar Inc. is headquartered in Downers Grove, Illinois. “
Several other brokerages also recently commented on UNVR. Jefferies Group LLC restated a “buy” rating and set a $39.00 price objective (up from $36.00) on shares of Univar in a research report on Wednesday, May 17th. BidaskClub upgraded shares of Univar from a “sell” rating to a “hold” rating in a research report on Thursday, August 3rd. Barclays PLC raised their price objective on shares of Univar from $33.00 to $34.00 and gave the company an “equal weight” rating in a research report on Monday. Finally, Berenberg Bank assumed coverage on shares of Univar in a research report on Thursday, July 6th. They set a “sell” rating and a $24.00 price objective on the stock. One investment analyst has rated the stock with a sell rating, two have given a hold rating and six have issued a buy rating to the stock. Univar currently has a consensus rating of “Buy” and a consensus price target of $31.29.
Univar (NYSE:UNVR) traded down 1.25% on Tuesday, hitting $29.28. 263,809 shares of the stock traded hands. The stock’s market cap is $4.10 billion. The company’s 50 day moving average price is $29.81 and its 200-day moving average price is $30.26. Univar has a 52-week low of $17.00 and a 52-week high of $33.15.
Univar (NYSE:UNVR) last announced its quarterly earnings data on Friday, August 4th. The basic materials company reported $0.34 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.31 by $0.03. The firm had revenue of $2.25 billion for the quarter, compared to the consensus estimate of $2.27 billion. Univar had a negative net margin of 0.85% and a positive return on equity of 15.96%. The company’s revenue was down .7% on a year-over-year basis. During the same period last year, the firm earned $0.29 EPS. On average, analysts forecast that Univar will post $1.09 earnings per share for the current fiscal year.
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A number of hedge funds have recently made changes to their positions in UNVR. Ameritas Investment Partners Inc. bought a new stake in shares of Univar during the first quarter worth about $114,000. Zurcher Kantonalbank Zurich Cantonalbank increased its stake in shares of Univar by 64.0% in the first quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 3,792 shares of the basic materials company’s stock worth $116,000 after buying an additional 1,480 shares in the last quarter. SG Americas Securities LLC bought a new stake in shares of Univar during the second quarter worth about $122,000. BNP Paribas Arbitrage SA increased its stake in shares of Univar by 176.9% in the second quarter. BNP Paribas Arbitrage SA now owns 4,824 shares of the basic materials company’s stock worth $141,000 after buying an additional 3,082 shares in the last quarter. Finally, Dynamic Technology Lab Private Ltd bought a new stake in shares of Univar during the first quarter worth about $229,000. Institutional investors own 96.70% of the company’s stock.
Univar Company Profile
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.
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