Univar Inc. (UNVR) Upgraded at BidaskClub

BidaskClub upgraded shares of Univar Inc. (NYSE:UNVR) from a sell rating to a hold rating in a report released on Thursday morning.

Other analysts also recently issued reports about the company. Jefferies Group LLC reissued a buy rating and set a $39.00 price objective on shares of Univar in a research report on Friday, September 15th. Zacks Investment Research raised Univar from a hold rating to a buy rating and set a $34.00 price objective for the company in a research report on Tuesday, August 8th. Barclays PLC raised their price objective on Univar from $33.00 to $34.00 and gave the stock an equal weight rating in a research report on Monday, August 7th. Credit Suisse Group cut their price objective on Univar from $39.00 to $36.00 and set an outperform rating for the company in a research report on Thursday, August 31st. Finally, Berenberg Bank initiated coverage on Univar in a research report on Thursday, July 6th. They set a sell rating and a $24.00 price objective for the company. One research analyst has rated the stock with a sell rating, three have given a hold rating and four have assigned a buy rating to the company. The stock has a consensus rating of Hold and a consensus price target of $33.33.

Shares of Univar (NYSE UNVR) opened at 29.69 on Thursday. The stock’s 50 day moving average is $28.60 and its 200-day moving average is $28.60. Univar has a 52 week low of $20.54 and a 52 week high of $33.15. The stock’s market capitalization is $4.17 billion.

Univar (NYSE:UNVR) last issued its quarterly earnings data on Friday, August 4th. The basic materials company reported $0.34 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.31 by $0.03. The firm had revenue of $2.25 billion during the quarter, compared to the consensus estimate of $2.27 billion. Univar had a positive return on equity of 15.46% and a negative net margin of 0.85%. The company’s quarterly revenue was down .7% on a year-over-year basis. During the same period last year, the company earned $0.29 EPS. On average, analysts anticipate that Univar will post $0.92 earnings per share for the current fiscal year.

COPYRIGHT VIOLATION NOTICE: “Univar Inc. (UNVR) Upgraded at BidaskClub” was posted by The Ledger Gazette and is the sole property of of The Ledger Gazette. If you are accessing this report on another site, it was illegally stolen and reposted in violation of international trademark & copyright law. The legal version of this report can be read at https://ledgergazette.com/2017/10/09/univar-inc-unvr-upgraded-at-bidaskclub.html.

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Bank of America Corp DE grew its position in Univar by 45.8% in the 1st quarter. Bank of America Corp DE now owns 697,600 shares of the basic materials company’s stock valued at $21,388,000 after acquiring an additional 219,129 shares in the last quarter. Cipher Capital LP grew its position in Univar by 12.6% in the 2nd quarter. Cipher Capital LP now owns 92,569 shares of the basic materials company’s stock valued at $2,703,000 after acquiring an additional 10,366 shares in the last quarter. Schwab Charles Investment Management Inc. grew its position in Univar by 50.3% in the 1st quarter. Schwab Charles Investment Management Inc. now owns 397,732 shares of the basic materials company’s stock valued at $12,195,000 after acquiring an additional 133,030 shares in the last quarter. Invictus RG grew its position in Univar by 2,110.8% in the 1st quarter. Invictus RG now owns 12,734 shares of the basic materials company’s stock valued at $390,000 after acquiring an additional 12,158 shares in the last quarter. Finally, Bank of New York Mellon Corp grew its positi

Other analysts also recently issued reports about the company. Jefferies Group LLC reissued a buy rating and set a $39.00 price objective on shares of Univar in a research report on Friday, September 15th. Zacks Investment Research raised Univar from a hold rating to a buy rating and set a $34.00 price objective for the company in a research report on Tuesday, August 8th. Barclays PLC raised their price objective on Univar from $33.00 to $34.00 and gave the stock an equal weight rating in a research report on Monday, August 7th. Credit Suisse Group cut their price objective on Univar from $39.00 to $36.00 and set an outperform rating for the company in a research report on Thursday, August 31st. Finally, Berenberg Bank initiated coverage on Univar in a research report on Thursday, July 6th. They set a sell rating and a $24.00 price objective for the company. One research analyst has rated the stock with a sell rating, three have given a hold rating and four have assigned a buy rating to the company. The stock has a consensus rating of Hold and a consensus price target of $33.33.

Shares of Univar (NYSE UNVR) opened at 29.69 on Thursday. The stock’s 50 day moving average is $28.60 and its 200-day moving average is $28.60. Univar has a 52 week low of $20.54 and a 52 week high of $33.15. The stock’s market capitalization is $4.17 billion.

Univar (NYSE:UNVR) last issued its quarterly earnings data on Friday, August 4th. The basic materials company reported $0.34 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.31 by $0.03. The firm had revenue of $2.25 billion during the quarter, compared to the consensus estimate of $2.27 billion. Univar had a positive return on equity of 15.46% and a negative net margin of 0.85%. The company’s quarterly revenue was down .7% on a year-over-year basis. During the same period last year, the company earned $0.29 EPS. On average, analysts anticipate that Univar will post $0.92 earnings per share for the current fiscal year.

COPYRIGHT VIOLATION NOTICE: “Univar Inc. (UNVR) Upgraded at BidaskClub” was posted by The Ledger Gazette and is the sole property of of The Ledger Gazette. If you are accessing this report on another site, it was illegally stolen and reposted in violation of international trademark & copyright law. The legal version of this report can be read at https://ledgergazette.com/2017/10/09/univar-inc-unvr-upgraded-at-bidaskclub.html.

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Bank of America Corp DE grew its position in Univar by 45.8% in the 1st quarter. Bank of America Corp DE now owns 697,600 shares of the basic materials company’s stock valued at $21,388,000 after acquiring an additional 219,129 shares in the last quarter. Cipher Capital LP grew its position in Univar by 12.6% in the 2nd quarter. Cipher Capital LP now owns 92,569 shares of the basic materials company’s stock valued at $2,703,000 after acquiring an additional 10,366 shares in the last quarter. Schwab Charles Investment Management Inc. grew its position in Univar by 50.3% in the 1st quarter. Schwab Charles Investment Management Inc. now owns 397,732 shares of the basic materials company’s stock valued at $12,195,000 after acquiring an additional 133,030 shares in the last quarter. Invictus RG grew its position in Univar by 2,110.8% in the 1st quarter. Invictus RG now owns 12,734 shares of the basic materials company’s stock valued at $390,000 after acquiring an additional 12,158 shares in the last quarter. Finally, Bank of New York Mellon Corp grew its position in Univar by 17.1% in the 1st quarter. Bank of New York Mellon Corp now owns 212,768 shares of the basic materials company’s stock valued at $6,523,000 after acquiring an additional 31,068 shares in the last quarter. 96.65% of the stock is owned by institutional investors.

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.

Analyst Recommendations for Univar (NYSE:UNVR)

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