Zacks Investment Research upgraded shares of Univar Inc. (NYSE:UNVR) from a hold rating to a strong-buy rating in a research report report published on Wednesday morning. Zacks Investment Research currently has $25.00 price objective on the stock.
According to Zacks, “Univar Inc. is a distributor of chemicals and innovative services. The Company offers solvents, resins, pigments, acids, bases, surfactants, glycols, inorganic compounds and alcohols. It also offers transportation and warehousing infrastructure, chemicals and hazardous materials handling services. The Company’s operating geographical segments include Univar USA, Univar Canada, Univar Europe and the Middle East as well as Rest of World. It serves coatings and adhesives, food, oil and gas, personal care and pharmaceutical industries. Univar Inc. is headquartered in Downers Grove, Illinois. “
Several other research analysts have also issued reports on UNVR. Credit Suisse Group AG restated a neutral rating on shares of Univar in a research report on Friday, June 17th. Barclays PLC downgraded shares of Univar from an overweight rating to an equal weight rating and set a $20.00 price target for the company. in a research note on Friday, June 24th. They noted that the move was a valuation call. Bank of America Corp. set a $22.00 price target on shares of Univar and gave the company a buy rating in a research note on Thursday, August 11th. Wells Fargo & Co. reaffirmed a hold rating on shares of Univar in a research note on Sunday, September 4th. Finally, Jefferies Group initiated coverage on shares of Univar in a research note on Friday, September 9th. They set a buy rating and a $26.00 price target for the company. Three investment analysts have rated the stock with a hold rating, three have issued a buy rating and one has issued a strong buy rating to the company. The company has a consensus rating of Buy and a consensus price target of $22.67.
Shares of Univar (NYSE:UNVR) opened at 21.23 on Wednesday. The firm’s 50-day moving average price is $20.85 and its 200 day moving average price is $19.06. Univar has a 52 week low of $10.65 and a 52 week high of $22.76. The stock has a market capitalization of $2.93 billion, a P/E ratio of 46.35 and a beta of 1.24.
Univar (NYSE:UNVR) last announced its earnings results on Tuesday, August 9th. The company reported $0.29 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.16 by $0.13. Univar had a return on equity of 7.73% and a net margin of 0.75%. The business earned $2.30 billion during the quarter, compared to analyst estimates of $2.23 billion. During the same quarter in the previous year, the business earned ($0.12) earnings per share. The company’s revenue for the quarter was down 9.9% compared to the same quarter last year. Analysts expect that Univar will post $0.72 earnings per share for the current year.
In other Univar news, Director Christopher D. Pappas purchased 5,000 shares of Univar stock in a transaction dated Friday, August 12th. The shares were acquired at an average cost of $19.33 per share, with a total value of $96,650.00. Following the completion of the transaction, the director now owns 55,088 shares in the company, valued at approximately $1,064,851.04. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, insider Christopher Oversby sold 18,362 shares of the company’s stock in a transaction on Monday, September 19th. The stock was sold at an average price of $20.22, for a total value of $371,279.64. Following the transaction, the insider now directly owns 99,479 shares in the company, valued at $2,011,465.38. The disclosure for this sale can be found here. 2.49% of the stock is currently owned by corporate insiders.
Several institutional investors have recently modified their holdings of UNVR. Fuller & Thaler Asset Management Inc. acquired a new position in shares of Univar during the second quarter worth about $123,000. Legal & General Group Plc increased its position in shares of Univar by 41.5% in the first quarter. Legal & General Group Plc now owns 7,235 shares of the company’s stock worth $125,000 after buying an additional 2,123 shares during the last quarter. Teacher Retirement System of Texas increased its position in shares of Univar by 62.0% in the second quarter. Teacher Retirement System of Texas now owns 6,808 shares of the company’s stock worth $129,000 after buying an additional 2,606 shares during the last quarter. KCG Holdings Inc. acquired a new position in shares of Univar during the second quarter worth about $261,000. Finally, Sei Investments Co. acquired a new position in shares of Univar during the second quarter worth about $326,000. 80.17% of the stock is currently owned by institutional investors and hedge funds.
Univar Inc is a distributor of commodity and specialty chemicals. The Company’s segments include Univar USA (USA); Univar Canada (Canada); Univar Europe, the Middle East and Africa (EMEA), and Rest of World. The Rest of World segment includes developing businesses in Latin America, including Brazil and Mexico, and the Asia-Pacific region.
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