Shares of Univar Inc (NYSE:UNVR) have received a consensus rating of “Hold” from the nine research firms that are currently covering the firm, Marketbeat reports. One research analyst has rated the stock with a sell rating, four have given a hold rating and three have assigned a buy rating to the company. The average 12 month target price among brokers that have issued ratings on the stock in the last year is $28.25.
Several research firms recently commented on UNVR. Berenberg Bank downgraded shares of Univar from a “buy” rating to a “hold” rating and decreased their price target for the company from $27.00 to $25.00 in a research note on Wednesday, April 17th. Goldman Sachs Group began coverage on shares of Univar in a research report on Thursday, April 18th. They set a “neutral” rating for the company. Wells Fargo & Co set a $27.00 price objective on shares of Univar and gave the stock a “buy” rating in a research report on Monday, April 8th. Barclays reaffirmed a “hold” rating and set a $26.00 price objective on shares of Univar in a research report on Wednesday, March 6th. Finally, ValuEngine raised shares of Univar from a “strong sell” rating to a “sell” rating in a research report on Monday, February 4th.
A number of institutional investors and hedge funds have recently bought and sold shares of UNVR. Baupost Group LLC MA lifted its position in Univar by 436.4% during the fourth quarter. Baupost Group LLC MA now owns 9,500,000 shares of the basic materials company’s stock worth $168,530,000 after purchasing an additional 7,728,900 shares during the period. Norges Bank bought a new stake in Univar during the fourth quarter worth about $71,288,000. Iridian Asset Management LLC CT lifted its position in Univar by 29.8% during the fourth quarter. Iridian Asset Management LLC CT now owns 10,971,291 shares of the basic materials company’s stock worth $194,631,000 after purchasing an additional 2,520,455 shares during the period. BNP Paribas Arbitrage SA lifted its position in Univar by 25,396.7% during the first quarter. BNP Paribas Arbitrage SA now owns 1,587,933 shares of the basic materials company’s stock worth $35,189,000 after purchasing an additional 1,581,705 shares during the period. Finally, Alpine Associates Management Inc. bought a new stake in Univar during the first quarter worth about $19,036,000. 88.75% of the stock is owned by institutional investors and hedge funds.Shares of UNVR stock traded up $0.73 on Thursday, hitting $22.07. The company’s stock had a trading volume of 3,131,534 shares, compared to its average volume of 1,687,908. The company has a debt-to-equity ratio of 1.97, a quick ratio of 1.04 and a current ratio of 1.64. Univar has a fifty-two week low of $16.33 and a fifty-two week high of $31.23. The company has a market capitalization of $3.79 billion, a PE ratio of 13.62, a price-to-earnings-growth ratio of 1.70 and a beta of 1.55.
Univar (NYSE:UNVR) last released its quarterly earnings results on Thursday, May 9th. The basic materials company reported $0.33 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.23 by $0.10. Univar had a net margin of 2.00% and a return on equity of 19.35%. The business had revenue of $2.16 billion for the quarter, compared to the consensus estimate of $2.28 billion. During the same period in the prior year, the company posted $0.42 earnings per share. Univar’s revenue was up .1% compared to the same quarter last year. On average, analysts forecast that Univar will post 1.48 EPS 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, and fertilizers; storage, packaging, and logistics services for crop protection companies; and pest control products and equipment.
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