Univar Inc. (NYSE:UNVR)‘s stock had its “buy” rating reiterated by analysts at Jefferies Group LLC in a research report issued on Friday. They presently have a $39.00 price objective on the basic materials company’s stock. Jefferies Group LLC’s price target would suggest a potential upside of 38.79% from the stock’s current price.

Other analysts also recently issued reports about the stock. Zacks Investment Research raised shares of Univar from a “hold” rating to a “buy” rating and set a $34.00 price objective on the stock in a research report on Tuesday, August 8th. Barclays PLC increased their price objective on shares of Univar from $33.00 to $34.00 and gave the company an “equal weight” rating in a research report on Monday, August 7th. BidaskClub raised shares of Univar from a “sell” rating to a “hold” rating in a research report on Thursday, August 3rd. Credit Suisse Group cut their price objective on shares of Univar from $39.00 to $36.00 and set an “outperform” rating on the stock in a research report on Thursday, August 31st. Finally, Berenberg Bank initiated coverage on shares of Univar in a research report on Thursday, July 6th. They set a “sell” rating and a $24.00 price objective on the stock. Two analysts have rated the stock with a sell rating, two have issued a hold rating and four have issued a buy rating to the company’s stock. Univar has an average rating of “Hold” and an average price target of $33.33.

Univar (NYSE UNVR) traded down 0.07% on Friday, hitting $28.10. 486,983 shares of the company were exchanged. Univar has a 52 week low of $19.97 and a 52 week high of $33.15. The company has a 50 day moving average price of $28.21 and a 200-day moving average price of $30.07. The stock’s market capitalization is $3.95 billion.

Univar (NYSE:UNVR) last announced its quarterly earnings data on Friday, August 4th. The basic materials company reported $0.34 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.31 by $0.03. Univar had a negative net margin of 0.85% and a positive return on equity of 15.46%. The company had revenue of $2.25 billion for the quarter, compared to the consensus estimate of $2.27 billion. During the same period in the prior year, the firm posted $0.29 EPS. Univar’s revenue for the quarter was down .7% on a year-over-year basis. On average, equities analysts expect that Univar will post $0.92 earnings per share for the current fiscal year.

TRADEMARK VIOLATION WARNING: “Univar Inc. (UNVR) Rating Reiterated by Jefferies Group LLC” was originally published by The Cerbat Gem and is the property of of The Cerbat Gem. If you are viewing this news story on another site, it was illegally stolen and republished in violation of United States & international trademark and copyright laws. The original version of this news story can be viewed at https://www.thecerbatgem.com/2017/09/16/univar-inc-unvr-rating-reiterated-by-jefferies-group-llc.html.

Several hedge funds and other institutional investors have recently made changes to their positions in UNVR. Ameritas Investment Partners Inc. purchased a new stake in shares of Univar during the 1st quarter valued at about $114,000. Zurcher Kantonalbank Zurich Cantonalbank boosted its holdings in shares of Univar by 64.0% during the 1st quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 3,792 shares of the basic materials company’s stock valued at $116,000 after acquiring an additional 1,480 shares during the last quarter. SG Americas Securities LLC purchased a new stake in shares of Univar during the 2nd quarter valued at about $122,000. BNP Paribas Arbitrage SA boosted its holdings in shares of Univar by 176.9% during the 2nd quarter. BNP Paribas Arbitrage SA now owns 4,824 shares of the basic materials company’s stock valued at $141,000 after acquiring an additional 3,082 shares during the last quarter. Finally, Dynamic Technology Lab Private Ltd purchased a new stake in shares of Univar during the 1st quarter valued at about $229,000. 96.66% of the stock is currently owned by hedge funds and other institutional investors.

About Univar

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.