Univar Inc (NYSE:UNVR) has received a consensus rating of “Buy” from the ten brokerages that are presently covering the stock, MarketBeat Ratings reports. One analyst has rated the stock with a sell rating, three have assigned a hold rating, four have given a buy rating and one has assigned a strong buy rating to the company. The average 12 month price target among analysts that have issued ratings on the stock in the last year is $29.75.
Several analysts have recently issued reports on the stock. ValuEngine cut shares of Univar from a “hold” rating to a “sell” rating in a research report on Friday, October 19th. 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 report on Tuesday, September 4th. Wells Fargo & Co set a $27.00 price target on shares of Univar and gave the stock a “buy” rating in a research report on Wednesday, November 7th. Deutsche Bank reissued a “buy” rating and set a $35.00 price target on shares of Univar in a research report on Friday, September 21st. Finally, TheStreet cut shares of Univar from a “b-” rating to a “c+” rating in a research report on Tuesday.
NYSE UNVR traded down $0.39 during trading hours on Monday, reaching $19.50. The company had a trading volume of 1,351,977 shares, compared to its average volume of 1,122,605. Univar has a 1-year low of $19.34 and a 1-year high of $31.95. The company has a debt-to-equity ratio of 2.07, a current ratio of 1.77 and a quick ratio of 1.14. The stock has a market capitalization of $2.82 billion, a P/E ratio of 14.03, a PEG ratio of 1.07 and a beta of 1.37.
In other news, Director Christopher D. Pappas bought 10,000 shares of the business’s stock in a transaction that occurred on Thursday, November 8th. The shares were purchased at an average cost of $23.11 per share, for a total transaction of $231,100.00. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, VP Jeffrey W. Carr bought 1,500 shares of the business’s stock in a transaction that occurred on Thursday, November 8th. The shares were purchased at an average price of $23.29 per share, for a total transaction of $34,935.00. The disclosure for this purchase can be found here. Insiders have bought 22,750 shares of company stock worth $584,575 in the last three months. Corporate insiders own 1.82% of the company’s stock.
Several hedge funds have recently added to or reduced their stakes in UNVR. Principal Financial Group Inc. increased its stake in shares of Univar by 1.7% during the first quarter. Principal Financial Group Inc. now owns 556,031 shares of the basic materials company’s stock worth $15,430,000 after buying an additional 9,200 shares during the period. Bank of Montreal Can purchased a new stake in shares of Univar during the second quarter worth approximately $1,321,000. BNP Paribas Arbitrage SA increased its stake in shares of Univar by 5,985.9% during the second quarter. BNP Paribas Arbitrage SA now owns 29,699 shares of the basic materials company’s stock worth $779,000 after buying an additional 29,211 shares during the period. TD Asset Management Inc. purchased a new position in Univar in the second quarter valued at approximately $727,000. Finally, Synovus Financial Corp purchased a new position in Univar in the second quarter valued at approximately $377,000. Hedge funds and other institutional investors own 93.66% of the company’s stock.
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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