Univar Inc (UNVR) Receives Average Rating of “Buy” from Analysts

Univar Inc (UNVR) Receives Average Rating of “Buy” from Analysts

UNVR has been the subject of several recent research reports. Jefferies Group LLC boosted their price objective on Univar from $26.00 to $34.00 and gave the stock a “buy” rating in a report on Thursday, February 2nd. Zacks Investment Research raised Univar from a “hold” rating to a “strong-buy” rating and set a $37.00 price objective for the company in a report on Tuesday, February 28th. Finally, Evercore ISI initiated coverage on Univar in a report on Monday, February 13th. They set a “buy” rating and a $35.00 price objective for the company.

Univar Inc (NYSE:UNVR) has received a consensus recommendation of “Buy” from the seven ratings firms that are presently covering the firm, Marketbeat.com reports. Two analysts have rated the stock with a hold recommendation and five have given a buy recommendation to the company. The average 12-month price target among brokerages that have issued a report on the stock in the last year is $29.60.

In other Univar news, SVP George J. Fuller sold 3,200 shares of the business’s stock in a transaction dated Tuesday, March 7th. The stock was sold at an average price of $31.83, for a total transaction of $101,856.00. Following the completion of the sale, the senior vice president now directly owns 4,583 shares of the company’s stock, valued at approximately $145,876.89. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 2.49% of the company’s stock.

Hedge funds have recently made changes to their positions in the stock. FMR LLC boosted its stake in shares of Univar by 90.6% in the fourth quarter. FMR LLC now owns 17,038,398 shares of the basic materials company’s stock worth $483,379,000 after buying an additional 8,097,248 shares during the period. Iridian Asset Management LLC CT boosted its stake in shares of Univar by 3,974.5% in the fourth quarter. Iridian Asset Management LLC CT now owns 3,851,987 shares of the basic materials company’s stock worth $109,281,000 after buying an additional 3,757,447 shares during the period. BlackRock Inc. boosted its stake in shares of Univar by 57,750.9% in the first quarter. BlackRock Inc. now owns 3,738,902 shares of the basic materials company’s stock worth $114,636,000 after buying an additional 3,732,439 shares during the period. Massachusetts Financial Services Co. MA boosted its stake in shares of Univar by 54.7% in the first quarter. Massachusetts Financial Services Co. MA now owns 6,703,921 shares of the basic materials company’s stock worth $205,542,000 after buying an additional 2,370,535 shares during the period. Finally, Wells Fargo & Company MN boosted its stake in shares of Univar by 170.0% in the first quarter. Wells Fargo & Company MN now owns 2,834,610 shares of the basic materials company’s stock worth $86,909,000 after buying an additional 1,784,656 shares during the period. 99.27% of the stock is owned by institutional investors.

Univar (NYSE UNVR) opened at 31.18 on Tuesday. The firm’s 50-day moving average is $30.44 and its 200 day moving average is $28.96. The firm’s market cap is $4.37 billion. Univar has a 1-year low of $17.00 and a 1-year high of $33.15.

Univar (NYSE:UNVR) last announced its quarterly earnings data on Friday, May 5th. The basic materials company reported $0.19 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.22 by $0.03. The firm had revenue of $2 billion for the quarter, compared to the consensus estimate of $1.95 billion. Univar had a positive return on equity of 8.52% and a negative net margin of 0.15%. The business’s revenue for the quarter was up .0% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.10 earnings per share. On average, equities analysts forecast that Univar will post $1.14 earnings per share for the current fiscal year.

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.new TradingView.widget({ “height”: 400, “width”: 625, “symbol”: “UNVR”, “interval”: “D”, “timezone”: “Etc/UTC”, “theme”: “White”, “style”: “1”, “locale”: “en”, “toolbar_bg”: “#f1f3f6”, “enable_publishing”: false, “hideideas”: true, “referral_id”: “2588”});

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