Univar Inc (NYSE:UNVR) Receives Average Recommendation of “Buy” from Analysts

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Univar Inc (NYSE:UNVR) has been given an average recommendation of “Buy” by the nine research firms that are covering the stock, Marketbeat.com reports. One research analyst has rated the stock with a sell rating, three have issued a hold rating, three have assigned a buy rating and one has issued a strong buy rating on the company. The average 1 year price objective among brokerages that have updated their coverage on the stock in the last year is $26.80.

Several equities research analysts recently weighed in on UNVR shares. Zacks Investment Research raised Univar from a “hold” rating to a “strong-buy” rating and set a $21.00 price target on the stock in a research note on Monday, June 3rd. Goldman Sachs Group started coverage on Univar in a research note on Thursday, April 18th. They issued a “neutral” rating on the stock. Finally, Berenberg Bank cut Univar from a “buy” rating to a “hold” rating and reduced their price target for the stock from $27.00 to $25.00 in a research note on Wednesday, April 17th.

In related news, COO David Jukes bought 5,000 shares of the business’s stock in a transaction dated Wednesday, August 7th. The shares were purchased at an average cost of $19.44 per share, with a total value of $97,200.00. Following the completion of the purchase, the chief operating officer now owns 70,502 shares in the company, valued at approximately $1,370,558.88. The purchase was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, Director Rhonda Germany Ballintyn bought 4,878 shares of the business’s stock in a transaction dated Thursday, August 8th. The stock was bought at an average cost of $20.64 per share, for a total transaction of $100,681.92. Following the completion of the purchase, the director now owns 11,894 shares of the company’s stock, valued at approximately $245,492.16. The disclosure for this purchase can be found here. Over the last ninety days, insiders purchased 18,196 shares of company stock worth $361,075. 0.50% of the stock is owned by insiders.

Several large investors have recently made changes to their positions in UNVR. Nisa Investment Advisors LLC bought a new position in Univar in the first quarter valued at about $27,000. Meeder Asset Management Inc. lifted its holdings in Univar by 291.7% in the first quarter. Meeder Asset Management Inc. now owns 1,849 shares of the basic materials company’s stock valued at $41,000 after acquiring an additional 1,377 shares during the period. Machina Capital S.A.S. bought a new position in Univar in the second quarter valued at about $46,000. Marshall Wace North America L.P. bought a new position in Univar in the first quarter valued at about $49,000. Finally, FNY Investment Advisers LLC bought a new position in Univar in the second quarter valued at about $55,000. 94.07% of the stock is currently owned by hedge funds and other institutional investors.

Shares of UNVR traded down $0.08 during mid-day trading on Friday, hitting $18.76. 43,740 shares of the company’s stock traded hands, compared to its average volume of 1,971,518. The company has a quick ratio of 1.17, a current ratio of 1.75 and a debt-to-equity ratio of 1.76. Univar has a 1 year low of $16.33 and a 1 year high of $31.23. The stock has a market cap of $3.25 billion, a price-to-earnings ratio of 11.36, a P/E/G ratio of 1.54 and a beta of 1.54. The business has a 50-day simple moving average of $21.17.

Univar (NYSE:UNVR) last posted its earnings results on Monday, August 5th. The basic materials company reported $0.42 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.44 by ($0.02). Univar had a net margin of 0.04% and a return on equity of 15.03%. The business had revenue of $2.58 billion for the quarter, compared to analysts’ expectations of $2.83 billion. During the same period last year, the firm posted $0.47 earnings per share. Univar’s quarterly revenue was up 8.9% on a year-over-year basis. Equities research analysts forecast that Univar will post 1.45 EPS for the current year.

Univar Company Profile

Univar Inc distributes commodity and specialty chemical products, and related services worldwide. It offers herbicides, fungicides, insecticides, seeds, micro and macro nutrients, horticultural products, and fertilizers; storage, packaging, and logistics services for crop protection companies; and pest control products and equipment.

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Analyst Recommendations for Univar (NYSE:UNVR)

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