Univar Inc. (UNVR) Rating Lowered to Sell at BidaskClub
Univar Inc. (NYSE:UNVR) was downgraded by equities research analysts at BidaskClub from a “hold” rating to a “sell” rating in a note issued to investors on Friday.
A number of other research analysts also recently commented on the stock. Zacks Investment Research downgraded shares of Univar from a “buy” rating to a “hold” rating in a research note on Thursday, May 11th. Jefferies Group LLC reaffirmed a “buy” rating and set a $39.00 price objective (up previously from $36.00) on shares of Univar in a research note on Wednesday, May 17th. Berenberg Bank initiated coverage on shares of Univar in a research note on Thursday, July 6th. They set a “sell” rating and a $24.00 price objective for the company. Barclays PLC upped their price objective on shares of Univar from $33.00 to $34.00 and gave the company an “equal weight” rating in a research note on Monday, August 7th. Finally, Credit Suisse Group dropped their price objective on shares of Univar from $39.00 to $36.00 and set an “outperform” rating for the company in a research note on Thursday, August 31st. Two investment analysts have rated the stock with a sell rating, two have issued a hold rating and four have assigned a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and an average target price of $33.33.
Univar (UNVR) opened at 27.26 on Friday. The firm’s 50-day moving average is $28.75 and its 200 day moving average is $29.99. Univar has a 52 week low of $19.13 and a 52 week high of $33.15. The stock’s market cap is $3.83 billion.
Univar (NYSE:UNVR) last posted its quarterly earnings data on Friday, August 4th. The basic materials company reported $0.34 EPS for the quarter, beating the Zacks’ consensus estimate of $0.31 by $0.03. Univar had a negative net margin of 0.85% and a positive return on equity of 15.46%. The company had revenue of $2.25 billion during the quarter, compared to the consensus estimate of $2.27 billion. During the same quarter in the prior year, the company posted $0.29 EPS. The company’s quarterly revenue was down .7% compared to the same quarter last year. On average, equities research analysts expect that Univar will post $0.92 EPS for the current year.
Institutional investors and hedge funds have recently bought and sold shares of the stock. Bank of America Corp DE increased its position in Univar by 45.8% during the 1st quarter. Bank of America Corp DE now owns 697,600 shares of the basic materials company’s stock worth $21,388,000 after purchasing an additional 219,129 shares in the last quarter. Schwab Charles Investment Management Inc. increased its position in Univar by 50.3% during the 1st quarter. Schwab Charles Investment Management Inc. now owns 397,732 shares of the basic materials company’s stock worth $12,195,000 after purchasing an additional 133,030 shares in the last quarter. FIL Ltd acquired a new stake in Univar during the 1st quarter worth approximately $12,782,000. Invictus RG increased its position in Univar by 2,110.8% during the 1st quarter. Invictus RG now owns 12,734 shares of the basic materials company’s stock worth $390,000 after purchasing an additional 12,158 shares in the last quarter. Finally, Parametric Portfolio Associates LLC increased its position in Univar by 56.1% during the 1st quarter. Parametric Portfolio Associates LLC now owns 135,210 shares of the basic materials company’s stock worth $4,146,000 after purchasing an additional 48,598 shares in the last quarter. 96.66% of the stock is owned by hedge funds and other institutional investors.
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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