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.

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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.

Analyst Recommendations for Univar (NYSE:UNVR)

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