Univar Inc. (UNVR) Downgraded to Strong Sell at BidaskClub
Univar Inc. (NYSE:UNVR) was downgraded by equities researchers at BidaskClub from a “sell” rating to a “strong sell” rating in a report issued on Wednesday.
Several other equities research analysts have also issued reports on UNVR. Jefferies Group LLC restated a “buy” rating and set a $36.00 price target on shares of Univar in a research note on Tuesday, May 2nd. Zacks Investment Research lowered shares of Univar from a “buy” rating to a “hold” rating in a research note on Thursday, May 11th. Berenberg Bank initiated coverage on shares of Univar in a research note on Thursday, July 6th. They set a “sell” rating and a $24.00 price target for the company. Finally, Barclays PLC raised their price target on shares of Univar from $33.00 to $34.00 and gave the stock an “equal weight” rating in a research note on Monday, August 7th. Two equities research analysts have rated the stock with a sell rating, two have issued a hold rating and four have given a buy rating to the company’s stock. Univar presently has a consensus rating of “Hold” and a consensus price target of $32.83.
Shares of Univar (UNVR) traded up 1.52% during trading on Wednesday, reaching $27.40. The company’s stock had a trading volume of 533,620 shares. The stock’s 50 day moving average price is $29.50 and its 200-day moving average price is $30.19. Univar has a 12 month low of $18.60 and a 12 month high of $33.15. The firm’s market cap is $3.85 billion.
Univar (NYSE:UNVR) last posted its earnings results on Friday, August 4th. The basic materials company reported $0.34 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.31 by $0.03. Univar had a negative net margin of 0.85% and a positive return on equity of 15.46%. The firm had revenue of $2.25 billion for the quarter, compared to analysts’ expectations of $2.27 billion. During the same quarter last year, the firm earned $0.29 EPS. The company’s quarterly revenue was down .7% compared to the same quarter last year. Equities analysts predict that Univar will post $1.00 EPS for the current year.
ILLEGAL ACTIVITY NOTICE: This piece of content was first reported by Watch List News and is owned by of Watch List News. If you are viewing this piece of content on another website, it was illegally copied and reposted in violation of United States & international trademark & copyright law. The legal version of this piece of content can be accessed at https://www.watchlistnews.com/univar-inc-unvr-downgraded-to-strong-sell-at-bidaskclub/1495006.html.
A number of hedge funds and other institutional investors have recently added to or reduced their stakes in UNVR. Ameritas Investment Partners Inc. acquired a new position in Univar during the first quarter worth $114,000. Zurcher Kantonalbank Zurich Cantonalbank raised its position in Univar by 64.0% in the first quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 3,792 shares of the basic materials company’s stock worth $116,000 after buying an additional 1,480 shares in the last quarter. SG Americas Securities LLC acquired a new position in Univar during the second quarter worth $122,000. BNP Paribas Arbitrage SA raised its position in Univar by 176.9% in the second quarter. BNP Paribas Arbitrage SA now owns 4,824 shares of the basic materials company’s stock worth $141,000 after buying an additional 3,082 shares in the last quarter. Finally, Dynamic Technology Lab Private Ltd acquired a new position in Univar during the first quarter worth $229,000. Institutional investors and hedge funds own 97.30% of the company’s stock.
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.
Receive News & Ratings for Univar Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Univar Inc. and related companies with Analyst Ratings Network's FREE daily email newsletter.