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.

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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.

Analyst Recommendations for Univar (NYSE:UNVR)

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