Zacks Investment Research cut shares of Univar Inc. (NYSE:UNVR) from a hold rating to a sell rating in a research report sent to investors 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. “
Several other analysts have also issued reports on the stock. BidaskClub raised shares of Univar from a sell rating to a hold rating in a research report on Thursday, October 5th. Jefferies Group LLC reaffirmed a buy rating and set a $39.00 price target on shares of Univar in a research report on Friday, September 15th. Credit Suisse Group dropped their price target 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. Barclays PLC reissued a hold rating and issued a $32.00 price objective on shares of Univar in a research report on Thursday, August 31st. Finally, Berenberg Bank began coverage on shares of Univar in a research report on Thursday, July 6th. They issued a sell rating and a $24.00 price objective on the stock. Three research analysts have rated the stock with a sell rating, one has given a hold rating and four have issued a buy rating to the company’s stock. The company has an average rating of Hold and an average target price of $33.33.
Univar (NYSE:UNVR) opened at 29.32 on Tuesday. The company has a 50-day moving average of $28.71 and a 200 day moving average of $28.71. The company’s market cap is $4.10 billion. Univar has a one year low of $20.54 and a one year high of $33.15.
Univar (NYSE:UNVR) last posted its quarterly earnings results on Friday, August 4th. The basic materials company reported $0.34 earnings per share (EPS) for the quarter, topping 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 firm had revenue of $2.25 billion for the quarter, compared to analyst estimates of $2.27 billion. During the same period in the prior year, the firm posted $0.29 earnings per share. The company’s quarterly revenue was down .7% compared to the same quarter last year. Equities research analysts predict that Univar will post $0.90 EPS for the current year.
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Several institutional investors and hedge funds have recently bought and sold shares of the company. Vanguard Group Inc. boosted its stake in shares of Univar by 8.3% in the 2nd quarter. Vanguard Group Inc. now owns 8,256,042 shares of the basic materials company’s stock valued at $241,076,000 after purchasing an additional 632,898 shares in the last quarter. BlackRock Inc. boosted its stake in shares of Univar by 12.3% in the 2nd quarter. BlackRock Inc. now owns 4,198,710 shares of the basic materials company’s stock valued at $122,603,000 after purchasing an additional 459,808 shares in the last quarter. Franklin Resources Inc. boosted its stake in shares of Univar by 5.0% in the 2nd quarter. Franklin Resources Inc. now owns 3,910,216 shares of the basic materials company’s stock valued at $114,157,000 after purchasing an additional 185,186 shares in the last quarter. Wells Fargo & Company MN boosted its stake in shares of Univar by 7.9% in the 2nd quarter. Wells Fargo & Company MN now owns 3,057,839 shares of the basic materials company’s stock valued at $89,288,000 after purchasing an additional 223,229 shares in the last quarter. Finally, Goldman Sachs Group Inc. boosted its stake in shares of Univar by 1.6% in the 1st quarter. Goldman Sachs Group Inc. now owns 2,350,559 shares of the basic materials company’s stock valued at $72,068,000 after purchasing an additional 37,547 shares in the last quarter. Institutional investors own 96.65% of the company’s stock.
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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