Univar Inc. (NYSE:UNVR) has earned an average recommendation of “Buy” from the seven brokerages that are presently covering the stock. Two analysts have rated the stock with a hold recommendation and five have given a buy recommendation to the company. The average 1 year price objective among brokers that have issued a report on the stock in the last year is $24.40.

UNVR has been the topic of a number of recent research reports. Zacks Investment Research lowered Univar from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, October 18th. Credit Suisse Group raised Univar from a “neutral” rating to an “outperform” rating and lifted their price target for the company from $22.00 to $31.00 in a research note on Friday, December 9th. Finally, Wells Fargo & Company raised Univar from a “market perform” rating to an “outperform” rating in a research note on Thursday, December 15th.

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Shares of Univar (NYSE:UNVR) opened at 28.77 on Monday. The company’s 50-day moving average price is $26.84 and its 200-day moving average price is $22.21. Univar has a 1-year low of $10.65 and a 1-year high of $28.98. The company’s market capitalization is $3.98 billion.

Univar (NYSE:UNVR) last announced its quarterly earnings results on Friday, November 4th. The company reported $0.17 EPS for the quarter, missing the Zacks’ consensus estimate of $0.20 by $0.03. Univar had a negative net margin of 0.15% and a positive return on equity of 8.52%. The firm had revenue of $2 billion for the quarter, compared to analyst estimates of $2.07 billion. Univar’s revenue for the quarter was down 90.9% compared to the same quarter last year. On average, equities analysts expect that Univar will post $0.67 earnings per share for the current fiscal year.

In other Univar news, insider Christopher Oversby sold 151,172 shares of the business’s stock in a transaction that occurred on Monday, December 19th. The stock was sold at an average price of $26.21, for a total value of $3,962,218.12. Following the transaction, the insider now directly owns 184,727 shares of the company’s stock, valued at $4,841,694.67. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, SVP Erik Viens sold 2,000 shares of the business’s stock in a transaction that occurred on Wednesday, December 7th. The shares were sold at an average price of $26.44, for a total value of $52,880.00. Following the completion of the transaction, the senior vice president now directly owns 32,196 shares in the company, valued at $851,262.24. The disclosure for this sale can be found here. 2.49% of the stock is owned by corporate insiders.

A number of institutional investors have recently modified their holdings of the stock. Price T Rowe Associates Inc. MD raised its position in shares of Univar by 29.2% in the third quarter. Price T Rowe Associates Inc. MD now owns 3,872,363 shares of the company’s stock valued at $84,611,000 after buying an additional 875,822 shares during the period. Bamco Inc. NY purchased a new stake in Univar during the third quarter valued at approximately $32,775,000. Jane Street Group LLC purchased a new stake in Univar during the third quarter valued at approximately $259,000. Scopus Asset Management L.P. purchased a new stake in Univar during the third quarter valued at approximately $2,185,000. Finally, Highbridge Capital Management LLC purchased a new stake in Univar during the third quarter valued at approximately $314,000. 97.31% of the stock is currently owned by hedge funds and other institutional investors.

About Univar

Univar Inc is a distributor of commodity and specialty chemicals. The Company’s segments include Univar USA (USA); Univar Canada (Canada); Univar Europe, the Middle East and Africa (EMEA), and Rest of World. The Rest of World segment includes developing businesses in Latin America, including Brazil and Mexico, and the Asia-Pacific region.

5 Day Chart for NYSE:UNVR

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