Barclays PLC reissued their hold rating on shares of Univar Inc. (NYSE:UNVR) in a research note issued to investors on Thursday morning. Barclays PLC currently has a $32.00 price objective on the basic materials company’s stock.

Other equities research analysts have also recently issued research reports about the company. Jefferies Group LLC restated a buy rating and issued a $39.00 price target (up previously from $36.00) on shares of Univar in a report on Wednesday, May 17th. Zacks Investment Research upgraded Univar from a hold rating to a buy rating and set a $34.00 price target on the stock in a report on Tuesday, August 8th. BidaskClub upgraded Univar from a sell rating to a hold rating in a report on Thursday, August 3rd. Finally, Berenberg Bank started coverage on Univar in a report on Thursday, July 6th. They issued a sell rating and a $24.00 price target on the stock. Two investment analysts have rated the stock with a sell rating, two have assigned a hold rating and four have issued a buy rating to the company. Univar presently has an average rating of Hold and a consensus target price of $33.33.

Univar (NYSE:UNVR) traded up 0.04% during trading on Thursday, hitting $28.22. The stock had a trading volume of 574,788 shares. The firm’s market cap is $3.97 billion. Univar has a 12-month low of $19.13 and a 12-month high of $33.15. The stock’s 50 day moving average price is $29.03 and its 200 day moving average price is $30.04.

Univar (NYSE:UNVR) last released its quarterly earnings results on Friday, August 4th. The basic materials company reported $0.34 earnings per share for the quarter, topping analysts’ consensus estimates of $0.31 by $0.03. The business had revenue of $2.25 billion for the quarter, compared to analysts’ expectations of $2.27 billion. Univar had a positive return on equity of 15.46% and a negative net margin of 0.85%. The company’s revenue was down .7% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.29 EPS. On average, analysts anticipate that Univar will post $0.92 EPS for the current fiscal year.

COPYRIGHT VIOLATION NOTICE: This story was first posted by The Cerbat Gem and is owned by of The Cerbat Gem. If you are viewing this story on another site, it was stolen and republished in violation of U.S. and international trademark and copyright legislation. The original version of this story can be read at https://www.thecerbatgem.com/2017/09/01/univars-unvr-hold-rating-reaffirmed-at-barclays-plc.html.

Hedge funds and other institutional investors have recently modified their holdings of the company. Cambridge Investment Research Advisors Inc. raised its position in shares of Univar by 0.3% in the second quarter. Cambridge Investment Research Advisors Inc. now owns 8,825 shares of the basic materials company’s stock valued at $258,000 after buying an additional 30 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank raised its position in shares of Univar by 12.4% in the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 4,261 shares of the basic materials company’s stock valued at $124,000 after buying an additional 469 shares during the period. Atlantic Trust Group LLC raised its position in shares of Univar by 3.0% in the second quarter. Atlantic Trust Group LLC now owns 17,850 shares of the basic materials company’s stock valued at $521,000 after buying an additional 515 shares during the period. Alliancebernstein L.P. raised its position in shares of Univar by 1.2% in the first quarter. Alliancebernstein L.P. now owns 65,278 shares of the basic materials company’s stock valued at $2,001,000 after buying an additional 800 shares during the period. Finally, Dynamic Technology Lab Private Ltd raised its position in shares of Univar by 13.5% in the second quarter. Dynamic Technology Lab Private Ltd now owns 8,467 shares of the basic materials company’s stock valued at $247,000 after buying an additional 1,004 shares during the period. 96.66% of the stock is currently owned by institutional investors and hedge funds.

Univar Company Profile

Univar Inc is a distributor of commodity and specialty chemicals. The Company operates through four segments: Univar USA (USA); Univar Canada (Canada); Univar Europe and the Middle East and Africa (EMEA), and Rest of World. The Company’s USA segment supplies a range of commodity and specialty chemicals, as well as services to a range of end markets, including manufacturing and industrial production sectors in the United States.

Analyst Recommendations for Univar (NYSE:UNVR)

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.