Univar Inc. (UNVR) Earns Buy Rating from Jefferies Group LLC
Univar Inc. (NYSE:UNVR)‘s stock had its “buy” rating restated by research analysts at Jefferies Group LLC in a research report issued on Friday. They presently have a $39.00 price objective on the basic materials company’s stock. Jefferies Group LLC’s price target suggests a potential upside of 38.79% from the company’s current price.
UNVR has been the topic of several other reports. Credit Suisse Group cut their target price on Univar from $39.00 to $36.00 and set an “outperform” rating on the stock in a research note on Thursday, August 31st. BidaskClub downgraded Univar from a “hold” rating to a “sell” rating in a research note on Thursday, August 10th. Barclays PLC reiterated a “hold” rating and set a $32.00 target price on shares of Univar in a research note on Thursday, August 31st. Zacks Investment Research downgraded Univar from a “hold” rating to a “sell” rating in a research note on Thursday, July 13th. Finally, Berenberg Bank initiated coverage on Univar in a research note on Thursday, July 6th. They set a “sell” rating and a $24.00 target price on the stock. Two 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 presently has a consensus rating of “Hold” and a consensus target price of $33.33.
Shares of Univar (NYSE UNVR) traded down 0.07% during mid-day trading on Friday, reaching $28.10. The company had a trading volume of 486,983 shares. The company’s market capitalization is $3.95 billion. Univar has a one year low of $19.97 and a one year high of $33.15. The company has a 50 day moving average price of $28.21 and a 200 day moving average price of $30.07.
Univar (NYSE:UNVR) last issued its earnings results on Friday, August 4th. The basic materials company reported $0.34 EPS for the quarter, beating the consensus estimate of $0.31 by $0.03. Univar had a positive return on equity of 15.46% and a negative net margin of 0.85%. The business had revenue of $2.25 billion for the quarter, compared to the consensus estimate of $2.27 billion. During the same period last year, the business posted $0.29 EPS. The company’s revenue was down .7% compared to the same quarter last year. On average, analysts anticipate that Univar will post $0.92 EPS for the current year.
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Large investors have recently bought and sold shares of the business. Ameritas Investment Partners Inc. bought a new stake in Univar during the first quarter valued at about $114,000. Zurcher Kantonalbank Zurich Cantonalbank raised its holdings in Univar by 64.0% during the first quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 3,792 shares of the basic materials company’s stock valued at $116,000 after acquiring an additional 1,480 shares during the period. SG Americas Securities LLC bought a new stake in Univar during the second quarter valued at about $122,000. Fuller & Thaler Asset Management Inc. bought a new stake in Univar during the second quarter valued at about $123,000. Finally, Legal & General Group Plc raised its holdings in Univar by 41.5% during the first quarter. Legal & General Group Plc now owns 7,235 shares of the basic materials company’s stock valued at $125,000 after acquiring an additional 2,123 shares during the period. 96.66% of the stock is currently owned by institutional investors and hedge funds.
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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