Univar Inc. (UNVR) Receives Consensus Rating of “Hold” from Brokerages
Shares of Univar Inc. (NYSE:UNVR) have received an average rating of “Hold” from the eight brokerages that are currently covering the firm, MarketBeat Ratings reports. Two research analysts have rated the stock with a sell recommendation, two have issued a hold recommendation and four have given a buy recommendation to the company. The average 12-month price target among brokers that have issued a report on the stock in the last year is $33.20.
A number of research firms have weighed in on UNVR. Zacks Investment Research lowered Univar from a “buy” rating to a “hold” rating in a report on Thursday, August 10th. Jefferies Group LLC reaffirmed a “buy” rating and set a $39.00 target price (up previously from $36.00) on shares of Univar in a report on Wednesday, May 17th. Barclays PLC lifted their target price on Univar from $33.00 to $34.00 and gave the company an “equal weight” rating in a report on Monday, August 7th. BidaskClub lowered Univar from a “hold” rating to a “sell” rating in a report on Friday, June 16th. Finally, Berenberg Bank began coverage on Univar in a report on Thursday, July 6th. They set a “sell” rating and a $24.00 target price for the company.
Univar (UNVR) opened at 27.38 on Friday. The company has a 50 day moving average of $28.64 and a 200 day moving average of $29.97. The firm’s market capitalization is $3.85 billion. Univar has a 1-year low of $19.13 and a 1-year high of $33.15.
Univar (NYSE:UNVR) last posted its earnings results on Friday, August 4th. The basic materials company reported $0.34 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.31 by $0.03. The business had revenue of $2.25 billion during the quarter, compared to analyst estimates of $2.27 billion. Univar had a positive return on equity of 15.46% and a negative net margin of 0.85%. The company’s quarterly revenue was down .7% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.29 EPS. On average, equities research analysts anticipate that Univar will post $0.92 earnings per share for the current year.
Several hedge funds and other institutional investors have recently modified their holdings of UNVR. BlackRock Inc. grew its holdings in shares of Univar by 57,750.9% during the first quarter. BlackRock Inc. now owns 3,738,902 shares of the basic materials company’s stock worth $114,636,000 after purchasing an additional 3,732,439 shares in the last quarter. Iridian Asset Management LLC CT grew its holdings in shares of Univar by 79.5% during 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 purchasing an additional 3,061,679 shares in the last quarter. Massachusetts Financial Services Co. MA grew its holdings in shares of Univar by 54.7% during 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 purchasing an additional 2,370,535 shares in the last quarter. Vanguard Group Inc. grew its holdings in shares of Univar by 20.7% during the first quarter. Vanguard Group Inc. now owns 7,623,144 shares of the basic materials company’s stock worth $233,726,000 after purchasing an additional 1,307,004 shares in the last quarter. Finally, Ameriprise Financial Inc. grew its holdings in shares of Univar by 519.6% during the second quarter. Ameriprise Financial Inc. now owns 912,759 shares of the basic materials company’s stock worth $26,652,000 after purchasing an additional 765,448 shares in the last quarter. 96.66% of the stock is owned by institutional investors.
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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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