Univar (UNVR) Upgraded to Buy at Zacks Investment Research

Univar (NYSE:UNVR) was upgraded by Zacks Investment Research from a “hold” rating to a “buy” rating in a report released on Saturday. The firm currently has a $31.00 price objective on the basic materials company’s stock. Zacks Investment Research‘s price objective points to a potential upside of 10.36% from the company’s previous close.

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 equities analysts have also issued reports on the company. TheStreet raised Univar from a “c+” rating to a “b-” rating in a research report on Monday, April 2nd. SunTrust Banks raised Univar from a “hold” rating to a “buy” rating in a research report on Tuesday, February 13th. ValuEngine lowered Univar from a “hold” rating to a “sell” rating in a research report on Monday, April 2nd. Vertical Research raised Univar from a “sell” rating to a “hold” rating in a research report on Tuesday, February 20th. Finally, Deutsche Bank set a $34.00 price target on Univar and gave the stock a “hold” rating in a research report on Wednesday, March 7th. Three equities research analysts have rated the stock with a sell rating, three have issued a hold rating and four have assigned a buy rating to the stock. Univar has a consensus rating of “Hold” and a consensus target price of $32.67.

Univar opened at $28.09 on Friday, according to MarketBeat Ratings. The company has a quick ratio of 1.18, a current ratio of 1.73 and a debt-to-equity ratio of 2.30. The stock has a market capitalization of $3.97 billion, a PE ratio of 20.21, a P/E/G ratio of 1.87 and a beta of 1.21. Univar has a 1 year low of $25.79 and a 1 year high of $31.95.

Univar (NYSE:UNVR) last posted its quarterly earnings results on Thursday, May 10th. The basic materials company reported $0.42 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.38 by $0.04. The firm had revenue of $2.16 billion during the quarter, compared to analyst estimates of $2.12 billion. Univar had a return on equity of 19.20% and a net margin of 1.93%. Univar’s quarterly revenue was up 8.0% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.16 EPS. sell-side analysts forecast that Univar will post 1.76 earnings per share for the current fiscal year.

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Zurcher Kantonalbank Zurich Cantonalbank increased its holdings in Univar by 45.6% in the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 6,202 shares of the basic materials company’s stock worth $192,000 after buying an additional 1,941 shares in the last quarter. Guggenheim Capital LLC increased its holdings in Univar by 6.0% in the 4th quarter. Guggenheim Capital LLC now owns 41,666 shares of the basic materials company’s stock worth $1,291,000 after buying an additional 2,345 shares in the last quarter. State of Wisconsin Investment Board increased its holdings in Univar by 11.3% in the 4th quarter. State of Wisconsin Investment Board now owns 23,442 shares of the basic materials company’s stock worth $726,000 after buying an additional 2,377 shares in the last quarter. Verition Fund Management LLC increased its holdings in Univar by 16.5% in the 4th quarter. Verition Fund Management LLC now owns 19,574 shares of the basic materials company’s stock worth $606,000 after buying an additional 2,769 shares in the last quarter. Finally, Mitsubishi UFJ Kokusai Asset Management Co. Ltd. increased its holdings in Univar by 125.8% in the 4th quarter. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. now owns 5,262 shares of the basic materials company’s stock worth $162,000 after buying an additional 2,932 shares in the last quarter. Institutional investors own 98.02% of the company’s stock.

About Univar

Univar Inc distributes commodity and specialty chemical products, and related services worldwide. It offers herbicides, fungicides, insecticides, seeds, micro and macro nutrients, horticultural products, fertilizers, and feeds; storage, packaging, and logistics services for crop protection companies, storing chemicals, feed-grade materials, and seed and equipment parties; and pest control products and equipment.

Get a free copy of the Zacks research report on Univar (UNVR)

For more information about research offerings from Zacks Investment Research, visit Zacks.com

Analyst Recommendations for Univar (NYSE:UNVR)

Receive News & Ratings for Univar Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Univar and related companies with MarketBeat.com's FREE daily email newsletter.




Leave a Reply