Univar Inc. (UNVR) Rating Reiterated by Jefferies Group LLC
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.
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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.
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.
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