Univar Inc. (UNVR) Given Average Rating of “Hold” by Brokerages
Shares of Univar Inc. (NYSE:UNVR) have been assigned a consensus recommendation of “Hold” from the eight research firms that are currently covering the company, MarketBeat reports. Three analysts have rated the stock with a sell recommendation, one has given a hold recommendation and four have assigned a buy recommendation to the company. The average 1 year target price among analysts that have issued ratings on the stock in the last year is $33.20.
A number of analysts recently commented on the company. Zacks Investment Research cut Univar from a “hold” rating to a “sell” rating in a research report on Thursday, July 13th. BidaskClub upgraded Univar from a “sell” rating to a “hold” rating in a research report on Thursday, October 5th. Barclays PLC lifted their price target on Univar from $33.00 to $34.00 and gave the company an “equal weight” rating in a report on Monday, August 7th. Berenberg Bank began coverage on Univar in a report on Thursday, July 6th. They issued a “sell” rating and a $24.00 price target for the company. Finally, Credit Suisse Group lowered their price target on Univar from $39.00 to $36.00 and set an “outperform” rating for the company in a report on Thursday, August 31st.
Institutional investors and hedge funds have recently bought and sold shares of the business. SG Americas Securities LLC purchased a new stake in Univar in the 2nd quarter valued at about $122,000. Zurcher Kantonalbank Zurich Cantonalbank grew its holdings in Univar by 12.4% in the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 4,261 shares of the basic materials company’s stock valued at $124,000 after buying an additional 469 shares during the period. BNP Paribas Arbitrage SA grew its holdings in Univar by 176.9% in the 2nd quarter. BNP Paribas Arbitrage SA now owns 4,824 shares of the basic materials company’s stock valued at $141,000 after buying an additional 3,082 shares during the period. Raymond James Trust N.A. purchased a new stake in Univar in the 3rd quarter valued at about $203,000. Finally, Turner Investments LLC purchased a new stake in Univar in the 2nd quarter valued at about $234,000. Institutional investors own 96.96% of the company’s stock.
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Shares of Univar (NYSE UNVR) opened at 29.36 on Friday. The stock’s market cap is $4.13 billion. The company has a 50 day moving average of $28.92 and a 200-day moving average of $28.92. Univar has a one year low of $20.54 and a one year high of $33.15.
Univar (NYSE:UNVR) last posted its quarterly earnings data on Friday, August 4th. The basic materials company reported $0.34 EPS for the quarter, topping analysts’ consensus estimates of $0.31 by $0.03. The firm had revenue of $2.25 billion during the quarter, compared to analysts’ expectations of $2.27 billion. Univar had a positive return on equity of 15.46% and a negative net margin of 0.85%. The firm’s quarterly revenue was down .7% compared to the same quarter last year. During the same quarter last year, the business posted $0.29 EPS. On average, analysts anticipate that Univar will post $0.90 earnings per share for the current year.
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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