Univar (NYSE:UNVR) has been assigned a $27.00 target price by stock analysts at Berenberg Bank in a research report issued on Friday. The firm currently has a “buy” rating on the basic materials company’s stock. Berenberg Bank’s price objective suggests a potential upside of 21.35% from the stock’s current price.
Several other research analysts have also recently commented on UNVR. Zacks Investment Research raised Univar from a “sell” rating to a “hold” rating in a research report on Friday, August 3rd. ValuEngine raised Univar from a “strong sell” rating to a “sell” rating in a research report on Wednesday, August 8th. Barclays reduced their target price on Univar from $32.00 to $30.00 and set an “equal weight” rating for the company in a research report on Monday, August 6th. Deutsche Bank reaffirmed a “buy” rating and issued a $35.00 target price on shares of Univar in a research report on Friday, September 21st. Finally, Wells Fargo & Co set a $27.00 target price on Univar and gave the stock a “buy” rating in a research report on Wednesday, November 7th. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating, four have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. The company has a consensus rating of “Buy” and an average price target of $30.00.
Shares of UNVR traded up $0.27 during mid-day trading on Friday, hitting $22.25. The company’s stock had a trading volume of 1,022,464 shares, compared to its average volume of 1,059,310. Univar has a one year low of $20.08 and a one year high of $31.95. The company has a current ratio of 1.77, a quick ratio of 1.14 and a debt-to-equity ratio of 2.07. The stock has a market capitalization of $3.11 billion, a price-to-earnings ratio of 16.01, a P/E/G ratio of 1.20 and a beta of 1.41.
Univar (NYSE:UNVR) last posted its quarterly earnings data on Tuesday, November 6th. The basic materials company reported $0.40 earnings per share for the quarter, missing the consensus estimate of $0.42 by ($0.02). The business had revenue of $2.13 billion during the quarter, compared to the consensus estimate of $2.18 billion. Univar had a net margin of 2.30% and a return on equity of 19.82%. The firm’s revenue was up 4.0% compared to the same quarter last year. During the same period in the prior year, the company posted $0.36 earnings per share. Equities analysts predict that Univar will post 1.61 EPS for the current year.
In related news, Director Christopher D. Pappas acquired 10,000 shares of the company’s stock in a transaction on Thursday, November 8th. The stock was purchased at an average cost of $23.11 per share, for a total transaction of $231,100.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, insider Stephen D. Newlin acquired 3,000 shares of the company’s stock in a transaction on Thursday, November 8th. The shares were bought at an average price of $23.02 per share, with a total value of $69,060.00. The disclosure for this purchase can be found here. Over the last ninety days, insiders purchased 22,750 shares of company stock valued at $584,575. 0.55% of the stock is owned by company insiders.
A number of institutional investors have recently added to or reduced their stakes in UNVR. Baupost Group LLC MA acquired a new position in Univar during the third quarter worth $54,302,000. American Century Companies Inc. acquired a new position in Univar during the third quarter worth $50,565,000. Iridian Asset Management LLC CT raised its stake in Univar by 23.9% during the third quarter. Iridian Asset Management LLC CT now owns 8,450,836 shares of the basic materials company’s stock worth $259,103,000 after acquiring an additional 1,628,591 shares in the last quarter. Park Presidio Capital LLC raised its stake in Univar by 2,228.4% during the third quarter. Park Presidio Capital LLC now owns 1,500,000 shares of the basic materials company’s stock worth $45,990,000 after acquiring an additional 1,435,578 shares in the last quarter. Finally, Millennium Management LLC raised its stake in Univar by 113.0% during the second quarter. Millennium Management LLC now owns 1,576,688 shares of the basic materials company’s stock worth $41,372,000 after acquiring an additional 836,522 shares in the last quarter. Hedge funds and other institutional investors own 92.70% of the company’s stock.
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, 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.
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