Univar Inc. (UNVR) Receives Average Rating of “Hold” from Brokerages
Shares of Univar Inc. (NYSE:UNVR) have been assigned a consensus rating of “Hold” from the eight analysts that are covering the stock, Marketbeat reports. Two equities research analysts have rated the stock with a sell rating, two have assigned a hold rating and four have issued a buy rating on the company. The average 12 month price target among brokerages that have covered the stock in the last year is $33.20.
UNVR has been the topic of a number of recent research reports. BidaskClub cut Univar from a “hold” rating to a “sell” rating in a report on Friday, June 16th. Zacks Investment Research upgraded shares of Univar from a “sell” rating to a “hold” rating in a research note on Wednesday, July 19th. Credit Suisse Group decreased their price target 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. Berenberg Bank began coverage on shares of Univar in a report on Thursday, July 6th. They set a “sell” rating and a $24.00 price objective on the stock. Finally, Jefferies Group LLC restated a “buy” rating and set a $39.00 price objective on shares of Univar in a report on Friday, September 15th.
Several hedge funds have recently bought and sold shares of the company. Dynamic Technology Lab Private Ltd grew its stake in shares of Univar by 13.5% in the 2nd quarter. Dynamic Technology Lab Private Ltd now owns 8,467 shares of the basic materials company’s stock worth $247,000 after acquiring an additional 1,004 shares in the last quarter. Public Employees Retirement System of Ohio purchased a new stake in shares of Univar in the second quarter valued at about $1,389,000. Susquehanna International Group LLP raised its holdings in shares of Univar by 307.6% in the second quarter. Susquehanna International Group LLP now owns 66,699 shares of the basic materials company’s stock valued at $1,948,000 after purchasing an additional 50,334 shares during the last quarter. California State Teachers Retirement System raised its holdings in shares of Univar by 117.9% in the second quarter. California State Teachers Retirement System now owns 184,493 shares of the basic materials company’s stock valued at $5,387,000 after purchasing an additional 99,819 shares during the last quarter. Finally, Cubist Systematic Strategies LLC raised its holdings in shares of Univar by 3.9% in the second quarter. Cubist Systematic Strategies LLC now owns 45,038 shares of the basic materials company’s stock valued at $1,315,000 after purchasing an additional 1,685 shares during the last quarter. Institutional investors own 96.65% of the company’s stock.
Shares of Univar (NYSE:UNVR) opened at 30.01 on Wednesday. The firm has a 50-day moving average of $28.40 and a 200 day moving average of $28.40. The firm’s market capitalization is $4.22 billion. Univar has a 52 week low of $20.54 and a 52 week high of $33.15.
Univar (NYSE:UNVR) last released 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. Univar had a positive return on equity of 15.46% and a negative net margin of 0.85%. The firm had revenue of $2.25 billion during the quarter, compared to the consensus estimate of $2.27 billion. During the same quarter in the previous year, the company posted $0.29 earnings per share. The company’s quarterly revenue was down .7% on a year-over-year basis. On average, equities analysts predict that Univar will post $0.92 earnings per share for the current fiscal year.
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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