Univar Inc. (NYSE:UNVR) Receives Average Rating of “Hold” from Brokerages
Shares of Univar Inc. (NYSE:UNVR) have received a consensus rating of “Hold” from the eight brokerages that are currently covering the stock, Marketbeat Ratings reports. Two equities research analysts have rated the stock with a sell recommendation, two have assigned a hold recommendation and four have given a buy recommendation to the company. The average 1 year target price among brokers that have updated their coverage on the stock in the last year is $32.60.
A number of brokerages recently weighed in on UNVR. Zacks Investment Research raised Univar from a “hold” rating to a “buy” rating and set a $34.00 price objective on the stock in a report on Tuesday, August 8th. BidaskClub upgraded Univar from a “sell” rating to a “hold” rating in a research report on Thursday, August 3rd. Barclays PLC raised their price target on Univar from $33.00 to $34.00 and gave the stock an “equal weight” rating in a research report on Monday, August 7th. Berenberg Bank initiated coverage on Univar in a research report on Thursday, July 6th. They set a “sell” rating and a $24.00 price target on the stock. Finally, Jefferies Group LLC restated a “buy” rating and set a $36.00 price target on shares of Univar in a research report on Tuesday, May 2nd.
Shares of Univar (UNVR) opened at 27.17 on Tuesday. The company’s market capitalization is $3.82 billion. The stock’s 50 day moving average price is $29.57 and its 200 day moving average price is $30.21. Univar has a 12-month low of $18.60 and a 12-month high of $33.15.
Univar (NYSE:UNVR) last announced its quarterly earnings data 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 company had revenue of $2.25 billion for 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%. Univar’s revenue for the quarter was down .7% compared to the same quarter last year. During the same period last year, the firm posted $0.29 EPS. On average, equities research analysts forecast that Univar will post $1.00 earnings per share for the current year.
A number of institutional investors have recently bought and sold shares of UNVR. Dimensional Fund Advisors LP raised its stake in shares of Univar by 94.4% in the fourth quarter. Dimensional Fund Advisors LP now owns 419,637 shares of the basic materials company’s stock worth $11,905,000 after buying an additional 203,800 shares in the last quarter. Teachers Advisors LLC raised its stake in shares of Univar by 408.5% in the fourth quarter. Teachers Advisors LLC now owns 421,015 shares of the basic materials company’s stock worth $11,944,000 after buying an additional 338,226 shares in the last quarter. Fox Run Management L.L.C. acquired a new stake in shares of Univar during the first quarter worth $494,000. Quotient Investors LLC acquired a new stake in shares of Univar during the first quarter worth $1,843,000. Finally, Nationwide Fund Advisors raised its stake in shares of Univar by 346.9% in the first quarter. Nationwide Fund Advisors now owns 457,758 shares of the basic materials company’s stock worth $14,035,000 after buying an additional 355,318 shares in the last quarter. Institutional investors and hedge funds own 97.30% of the company’s stock.
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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