Univar (NYSE:UNVR) Price Target Cut to $30.00 by Analysts at Barclays

Univar (NYSE:UNVR) had its target price lowered by research analysts at Barclays from $32.00 to $30.00 in a research report issued on Monday, August 6th. The brokerage presently has an “equal weight” rating on the basic materials company’s stock. Barclays’ target price points to a potential upside of 7.84% from the company’s previous close.

Several other analysts have also issued reports on the stock. Zacks Investment Research lowered shares of Univar from a “buy” rating to a “hold” rating in a research report on Tuesday, May 8th. ValuEngine lowered shares of Univar from a “sell” rating to a “strong sell” rating in a research report on Monday, July 2nd. Berenberg Bank upgraded shares of Univar from a “sell” rating to a “hold” rating in a research report on Friday, July 6th. Finally, Goldman Sachs Group upgraded shares of Univar from a “buy” rating to a “conviction-buy” rating in a research report on Thursday, August 2nd. Two research analysts have rated the stock with a sell rating, five have issued a hold rating, three have given a buy rating and one has assigned a strong buy rating to the company’s stock. Univar has an average rating of “Hold” and a consensus price target of $34.00.

Shares of NYSE:UNVR traded down $0.07 during midday trading on Monday, reaching $27.82. The company’s stock had a trading volume of 298,500 shares, compared to its average volume of 896,279. The firm has a market capitalization of $4.02 billion, a P/E ratio of 20.06, a PEG ratio of 1.71 and a beta of 1.21. Univar has a twelve month low of $25.54 and a twelve month high of $31.95. The company has a debt-to-equity ratio of 2.21, a current ratio of 1.65 and a quick ratio of 1.08.

Univar (NYSE:UNVR) last released its quarterly earnings results on Wednesday, August 1st. The basic materials company reported $0.47 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.48 by ($0.01). The firm had revenue of $2.37 billion for the quarter, compared to analyst estimates of $2.37 billion. Univar had a net margin of 2.19% and a return on equity of 19.85%. The firm’s quarterly revenue was up 5.6% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.22 EPS. equities analysts anticipate that Univar will post 1.71 EPS for the current fiscal year.

Large investors have recently bought and sold shares of the company. Point72 Asia Hong Kong Ltd purchased a new position in Univar during the first quarter worth about $109,000. Chicago Equity Partners LLC purchased a new position in Univar during the second quarter worth about $201,000. Jane Street Group LLC purchased a new position in Univar during the first quarter worth about $221,000. Clinton Group Inc. purchased a new position in Univar during the first quarter worth about $239,000. Finally, NumerixS Investment Technologies Inc raised its stake in Univar by 148.6% during the second quarter. NumerixS Investment Technologies Inc now owns 8,700 shares of the basic materials company’s stock worth $225,000 after purchasing an additional 5,200 shares during the period. 91.49% of the stock is currently owned by hedge funds and other institutional investors.

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.

See Also: Hedge Funds – Risk or Reward?

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