Univar Inc. (UNVR) Upgraded at Zacks Investment Research
Univar Inc. (NYSE:UNVR) was upgraded by Zacks Investment Research from a “hold” rating to a “buy” rating in a note issued to investors on Wednesday. The firm presently has a $24.00 price target on the stock. Zacks Investment Research’s target price would indicate a potential upside of 11.68% from the stock’s previous close.
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 analysts also recently commented on the stock. Jefferies Group started coverage on shares of Univar in a report on Friday, September 9th. They set a “buy” rating and a $26.00 target price for the company. Barclays PLC downgraded shares of Univar from an “overweight” rating to an “equal weight” rating and set a $20.00 target price for the company. in a report on Friday, June 24th. They noted that the move was a valuation call. Bank of America Corp. set a $22.00 target price on shares of Univar and gave the stock a “buy” rating in a report on Thursday, August 11th. Finally, Wells Fargo & Co. reaffirmed a “hold” rating on shares of Univar in a report on Sunday, September 4th. Three investment analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. The stock currently has an average rating of “Buy” and an average price target of $22.50.
Shares of Univar (NYSE:UNVR) opened at 21.49 on Wednesday. The firm has a market cap of $2.96 billion, a price-to-earnings ratio of 46.92 and a beta of 1.24. Univar has a 12-month low of $10.65 and a 12-month high of $22.76. The stock’s 50 day moving average is $20.90 and its 200 day moving average is $19.15.
Univar (NYSE:UNVR) last announced its earnings results on Tuesday, August 9th. The company reported $0.29 EPS for the quarter, topping the consensus estimate of $0.16 by $0.13. The business earned $2.30 billion during the quarter, compared to the consensus estimate of $2.23 billion. Univar had a net margin of 0.75% and a return on equity of 7.73%. Univar’s revenue was down 9.9% compared to the same quarter last year. During the same quarter in the previous year, the firm posted ($0.12) EPS. Equities analysts expect that Univar will post $0.72 earnings per share for the current year.
In other news, major shareholder Nv Univar sold 20,527,358 shares of the company’s stock in a transaction that occurred on Thursday, August 18th. The shares were sold at an average price of $19.00, for a total transaction of $390,019,802.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Christopher Oversby sold 22,241 shares of the company’s stock in a transaction that occurred on Tuesday, September 20th. The stock was sold at an average price of $20.01, for a total transaction of $445,042.41. Following the sale, the insider now directly owns 108,666 shares of the company’s stock, valued at approximately $2,174,406.66. The disclosure for this sale can be found here. 2.49% of the stock is currently owned by company insiders.
Hedge funds have recently modified their holdings of the company. Fuller & Thaler Asset Management Inc. purchased a new stake in shares of Univar during the second quarter worth $123,000. Teacher Retirement System of Texas increased its stake 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 period. KCG Holdings Inc. purchased a new stake in shares of Univar during the second quarter worth $261,000. Sei Investments Co. purchased a new stake in shares of Univar during the second quarter worth $326,000. Finally, Oxford Asset Management increased its stake in shares of Univar by 35.9% in the second quarter. Oxford Asset Management now owns 19,888 shares of the company’s stock worth $376,000 after buying an additional 5,251 shares during the period. 80.18% of the stock is owned by institutional investors.
Univar Company Profile
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.
Receive News & Stock Ratings for Univar Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Univar Inc. and related stocks with our FREE daily email newsletter.