Univar Inc. (UNVR) Upgraded to Hold at Zacks Investment Research
Zacks Investment Research upgraded shares of Univar Inc. (NYSE:UNVR) from a sell rating to a hold rating in a report published on Tuesday morning.
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. “
A number of other equities analysts have also recently issued reports on UNVR. BidaskClub upgraded shares of Univar from a sell rating to a hold rating in a research report on Monday, July 24th. Barclays PLC boosted their target price on shares of Univar from $33.00 to $34.00 and gave the stock an equal weight rating in a report on Monday, August 7th. Credit Suisse Group reduced their target price on shares of Univar from $39.00 to $36.00 and set an outperform rating on the stock in a report on Thursday, August 31st. Finally, Jefferies Group LLC reissued a buy rating and set a $39.00 target price on shares of Univar in a report on Friday, September 15th. Two research analysts have rated the stock with a sell rating, three have issued a hold rating and four have given a buy rating to the company’s stock. The stock currently has a consensus rating of Hold and an average price target of $33.33.
Shares of Univar (UNVR) traded down $0.13 during mid-day trading on Tuesday, reaching $30.85. 315,312 shares of the company’s stock traded hands, compared to its average volume of 802,523. The firm has a market cap of $4,236.68, a price-to-earnings ratio of 25.93, a P/E/G ratio of 2.98 and a beta of 1.47. Univar has a 12-month low of $22.49 and a 12-month high of $33.15. The company has a quick ratio of 1.14, a current ratio of 1.67 and a debt-to-equity ratio of 3.02.
Univar (NYSE:UNVR) last released its quarterly earnings data on Friday, November 3rd. The basic materials company reported $0.36 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.23 by $0.13. The business had revenue of $2.05 billion during the quarter, compared to analysts’ expectations of $1.97 billion. Univar had a net margin of 0.41% and a return on equity of 18.20%. The firm’s quarterly revenue was up 2.5% compared to the same quarter last year. During the same period in the prior year, the company earned $0.17 EPS. equities analysts expect that Univar will post 0.87 earnings per share for the current fiscal year.
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A number of institutional investors and hedge funds have recently bought and sold shares of the business. Vanguard Group Inc. grew its holdings in Univar by 8.3% during the 2nd quarter. Vanguard Group Inc. now owns 8,256,042 shares of the basic materials company’s stock worth $241,076,000 after acquiring an additional 632,898 shares during the last quarter. BlackRock Inc. grew its holdings in Univar by 12.3% during the 2nd quarter. BlackRock Inc. now owns 4,198,710 shares of the basic materials company’s stock worth $122,603,000 after acquiring an additional 459,808 shares during the last quarter. Franklin Resources Inc. grew its holdings in Univar by 5.0% during the 2nd quarter. Franklin Resources Inc. now owns 3,910,216 shares of the basic materials company’s stock worth $114,157,000 after acquiring an additional 185,186 shares during the last quarter. Wells Fargo & Company MN grew its holdings in Univar by 7.9% during the 2nd quarter. Wells Fargo & Company MN now owns 3,057,839 shares of the basic materials company’s stock worth $89,288,000 after acquiring an additional 223,229 shares during the last quarter. Finally, Bamco Inc. NY grew its holdings in Univar by 5.8% during the 2nd quarter. Bamco Inc. NY now owns 1,825,000 shares of the basic materials company’s stock worth $53,290,000 after acquiring an additional 100,000 shares during the last quarter. 96.71% 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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