Berenberg Bank upgraded shares of Univar (NYSE:UNVR) from a hold rating to a buy rating in a report released on Tuesday, MarketBeat.com reports. Berenberg Bank currently has $24.00 price target on the basic materials company’s stock.
Several other equities research analysts have also recently commented on the company. ValuEngine cut Univar from a sell rating to a strong sell rating in a research report on Thursday, August 2nd. Goldman Sachs Group raised Univar from a buy rating to a conviction-buy rating in a research report on Thursday, August 2nd. Barclays dropped their target price on Univar from $32.00 to $30.00 and set an equal weight rating on the stock in a research report on Monday, August 6th. Finally, Zacks Investment Research raised Univar from a hold rating to a buy rating and set a $30.00 target price on the stock in a research report on Saturday, May 12th. Two research analysts have rated the stock with a sell rating, four have assigned a hold rating, three have issued a buy rating and one has issued a strong buy rating to the company. Univar has an average rating of Hold and a consensus target price of $31.60.
Univar stock opened at $27.95 on Tuesday. The company has a debt-to-equity ratio of 2.21, a quick ratio of 1.08 and a current ratio of 1.65. Univar has a one year low of $25.54 and a one year high of $31.95. The firm has a market cap of $3.93 billion, a P/E ratio of 20.39, a price-to-earnings-growth ratio of 1.67 and a beta of 1.19.
Univar (NYSE:UNVR) last released its quarterly earnings data on Wednesday, August 1st. The basic materials company reported $0.47 EPS for the quarter, missing the consensus estimate of $0.48 by ($0.01). Univar had a net margin of 2.19% and a return on equity of 19.85%. The business had revenue of $2.37 billion for the quarter, compared to analysts’ expectations of $2.37 billion. During the same period last year, the business earned $0.22 earnings per share. The company’s quarterly revenue was up 5.6% on a year-over-year basis. equities analysts anticipate that Univar will post 1.71 EPS for the current fiscal year.
A number of large investors have recently made changes to their positions in the business. Schroder Investment Management Group boosted its position in Univar by 27.6% in the second quarter. Schroder Investment Management Group now owns 685,022 shares of the basic materials company’s stock worth $17,708,000 after purchasing an additional 148,283 shares during the last quarter. Jane Street Group LLC boosted its position in Univar by 137.6% in the second quarter. Jane Street Group LLC now owns 18,876 shares of the basic materials company’s stock worth $495,000 after purchasing an additional 10,930 shares during the last quarter. Putnam Investments LLC purchased a new position in Univar in the second quarter worth about $2,350,000. Millennium Management LLC boosted its position in Univar by 113.0% in the second quarter. Millennium Management LLC now owns 1,576,688 shares of the basic materials company’s stock worth $41,372,000 after purchasing an additional 836,522 shares during the last quarter. Finally, Soapstone Management L.P. boosted its position in Univar by 66.7% in the second quarter. Soapstone Management L.P. now owns 1,000,000 shares of the basic materials company’s stock worth $26,240,000 after purchasing an additional 400,000 shares during the last quarter. 91.49% of the stock is currently owned by institutional investors and hedge funds.
Univar Inc distributes commodity and specialty chemical products, and related services worldwide. It offers herbicides, fungicides, insecticides, seeds, micro and macro nutrients, horticultural products, fertilizers, and feeds; storage, packaging, and logistics services for crop protection companies, storing chemicals, feed-grade materials, and seed and equipment parties; and pest control products and equipment.
Read More: Fundamental Analysis and Choosing Stocks
Receive News & Ratings for Univar Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Univar and related companies with MarketBeat.com's FREE daily email newsletter.