Univar Inc (NYSE:UNVR) has earned a consensus recommendation of “Hold” from the ten analysts that are covering the stock, Marketbeat.com reports. One research analyst has rated the stock with a sell recommendation, four have given a hold recommendation, three have assigned a buy recommendation and one has issued a strong buy recommendation on the company. The average 1-year price objective among brokerages that have updated their coverage on the stock in the last year is $29.67.
A number of equities research analysts recently issued reports on UNVR shares. Berenberg Bank raised shares of Univar from a “hold” rating to a “buy” rating and set a $24.00 price target on the stock in a research note on Tuesday, September 4th. ValuEngine downgraded shares of Univar from a “sell” rating to a “strong sell” rating in a research note on Thursday, August 2nd. Goldman Sachs Group raised shares of Univar from a “buy” rating to a “conviction-buy” rating in a research note on Thursday, August 2nd. Barclays decreased their price target on shares of Univar from $32.00 to $30.00 and set an “equal weight” rating on the stock in a research note on Monday, August 6th. Finally, Zacks Investment Research raised shares of Univar from a “sell” rating to a “hold” rating in a research note on Friday, August 3rd.
Several institutional investors and hedge funds have recently made changes to their positions in the company. Xact Kapitalforvaltning AB raised its stake in shares of Univar by 16.3% in the second quarter. Xact Kapitalforvaltning AB now owns 17,139 shares of the basic materials company’s stock valued at $450,000 after acquiring an additional 2,400 shares during the period. Kornitzer Capital Management Inc. KS raised its stake in shares of Univar by 0.7% in the second quarter. Kornitzer Capital Management Inc. KS now owns 374,782 shares of the basic materials company’s stock valued at $9,834,000 after acquiring an additional 2,622 shares during the period. Amalgamated Bank raised its stake in shares of Univar by 17.0% in the first quarter. Amalgamated Bank now owns 24,255 shares of the basic materials company’s stock valued at $673,000 after acquiring an additional 3,533 shares during the period. Point72 Asia Hong Kong Ltd purchased a new stake in shares of Univar in the first quarter valued at $109,000. Finally, State Board of Administration of Florida Retirement System raised its stake in shares of Univar by 5.4% in the first quarter. State Board of Administration of Florida Retirement System now owns 97,277 shares of the basic materials company’s stock valued at $2,699,000 after acquiring an additional 5,015 shares during the period. 91.47% of the stock is currently owned by institutional investors and hedge funds.
Univar stock traded up $0.55 during mid-day trading on Wednesday, reaching $31.00. 1,962,363 shares of the company’s stock traded hands, compared to its average volume of 766,379. The company has a market cap of $4.31 billion, a price-to-earnings ratio of 22.30, a PEG ratio of 1.85 and a beta of 1.19. The company has a quick ratio of 1.08, a current ratio of 1.65 and a debt-to-equity ratio of 2.21. Univar has a 12-month low of $25.54 and a 12-month high of $31.95.
Univar (NYSE:UNVR) last released its quarterly earnings results on Wednesday, August 1st. The basic materials company reported $0.47 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.48 by ($0.01). The business had revenue of $2.37 billion for the quarter, compared to analysts’ expectations of $2.37 billion. Univar had a net margin of 2.19% and a return on equity of 19.85%. Univar’s revenue for the quarter was up 5.6% compared to the same quarter last year. During the same period in the previous year, the company earned $0.22 EPS. equities research analysts anticipate that Univar will post 1.69 earnings per share for the current fiscal year.
Univar Company Profile
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.
Featured Story: Leveraged Buyout (LBO) Explained
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.