Univar Inc (UNVR) Given Average Rating of “Buy” by Brokerages

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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.

Univar (NYSE:UNVR) last posted its earnings results on Tuesday, November 6th. The basic materials company reported $0.40 EPS for the quarter, missing the Zacks’ consensus estimate of $0.42 by ($0.02). Univar had a net margin of 2.30% and a return on equity of 19.82%. The company had revenue of $2.13 billion during the quarter, compared to analyst estimates of $2.18 billion. During the same period in the previous year, the company earned $0.36 EPS. The company’s quarterly revenue was up 4.0% compared to the same quarter last year. As a group, analysts anticipate that Univar will post 1.61 EPS for the current year.

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.

About Univar

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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