Analysts Set Univar Inc (UNVR) Target Price at $29.67

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Shares of Univar Inc (NYSE:UNVR) have earned a consensus recommendation of “Buy” from the nine brokerages that are currently covering the company, MarketBeat Ratings reports. Four research analysts have rated the stock with a hold rating, three have assigned a buy rating and one has assigned a strong buy rating to the company. The average 1-year price target among brokers that have issued a report on the stock in the last year is $29.67.

A number of research analysts have commented on UNVR shares. Berenberg Bank upgraded shares of Univar from a “hold” rating to a “buy” rating and set a $24.00 price objective on the stock in a research note on Tuesday, September 4th. ValuEngine lowered shares of Univar from a “sell” rating to a “strong sell” rating in a research note on Thursday, August 2nd. Goldman Sachs Group upgraded shares of Univar from a “buy” rating to a “conviction-buy” rating in a research note on Thursday, August 2nd. Deutsche Bank restated a “buy” rating and issued a $35.00 price objective on shares of Univar in a research note on Friday, September 21st. Finally, Barclays dropped their price objective 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.

In other news, Director Kerry J. Preete purchased 8,250 shares of the company’s stock in a transaction dated Monday, September 24th. The shares were acquired at an average cost of $30.24 per share, for a total transaction of $249,480.00. Following the completion of the purchase, the director now directly owns 7,933 shares in the company, valued at approximately $239,893.92. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Insiders own 1.82% of the company’s stock.

Several institutional investors have recently modified their holdings of UNVR. BlackRock Inc. grew its position in Univar by 11.8% during the second quarter. BlackRock Inc. now owns 4,942,775 shares of the basic materials company’s stock worth $129,698,000 after buying an additional 521,840 shares during the period. Wells Fargo & Company MN grew its position in Univar by 9.8% during the second quarter. Wells Fargo & Company MN now owns 4,171,595 shares of the basic materials company’s stock worth $109,462,000 after buying an additional 373,454 shares during the period. Millennium Management LLC grew its position in Univar by 113.0% during the second quarter. Millennium Management LLC now owns 1,576,688 shares of the basic materials company’s stock worth $41,372,000 after buying an additional 836,522 shares during the period. Dimensional Fund Advisors LP grew its position in Univar by 36.5% during the second quarter. Dimensional Fund Advisors LP now owns 1,145,190 shares of the basic materials company’s stock worth $30,048,000 after buying an additional 305,985 shares during the period. Finally, Soapstone Management L.P. grew its position in Univar by 66.7% during 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 buying an additional 400,000 shares during the period. Institutional investors and hedge funds own 91.43% of the company’s stock.

NYSE UNVR traded down $0.80 during trading on Friday, reaching $26.67. The company’s stock had a trading volume of 89,343 shares, compared to its average volume of 1,518,745. The company has a debt-to-equity ratio of 2.21, a quick ratio of 1.08 and a current ratio of 1.65. The firm has a market cap of $3.99 billion, a PE ratio of 19.84, a P/E/G ratio of 1.71 and a beta of 1.18. Univar has a twelve month low of $25.54 and a twelve month high of $31.95.

Univar (NYSE:UNVR) last posted its quarterly earnings data on Wednesday, August 1st. The basic materials company reported $0.47 EPS for the quarter, missing analysts’ consensus estimates of $0.48 by ($0.01). The business had revenue of $2.37 billion during the quarter, compared to analyst estimates of $2.37 billion. Univar had a net margin of 2.19% and a return on equity of 19.85%. The company’s revenue for the quarter was up 5.6% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.22 earnings per share. Research analysts predict that Univar will post 1.69 earnings per share for the current 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.

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Analyst Recommendations for Univar (NYSE:UNVR)

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