Goldman Sachs Group initiated coverage on shares of Univar (NYSE:UNVR) in a report released on Thursday morning, The Fly reports. The firm issued a neutral rating on the basic materials company’s stock.
UNVR has been the subject of a number of other reports. Zacks Investment Research upgraded shares of Univar from a strong sell rating to a hold rating in a report on Tuesday, January 29th. Berenberg Bank cut shares of Univar from a buy rating to a hold rating and reduced their target price for the stock from $27.00 to $25.00 in a report on Wednesday, April 17th. Barclays restated a hold rating and set a $24.00 target price on shares of Univar in a report on Monday, February 11th. Wells Fargo & Co reduced their target price on shares of Univar from $27.00 to $23.00 and set an outperform rating for the company in a report on Friday, December 21st. Finally, Vertical Research upgraded shares of Univar from a hold rating to a buy rating in a report on Thursday, January 3rd. One research analyst has rated the stock with a sell rating, four have assigned a hold rating and three have assigned a buy rating to the company. Univar currently has a consensus rating of Hold and a consensus target price of $28.80.
Univar stock opened at $21.98 on Thursday. The company has a quick ratio of 1.04, a current ratio of 1.64 and a debt-to-equity ratio of 1.97. The company has a market capitalization of $3.73 billion, a PE ratio of 13.57, a P/E/G ratio of 1.68 and a beta of 1.57. Univar has a 12-month low of $16.33 and a 12-month high of $31.23.
A number of large investors have recently modified their holdings of UNVR. Nisa Investment Advisors LLC bought a new stake in Univar during the first quarter worth approximately $27,000. Penserra Capital Management LLC bought a new stake in Univar during the fourth quarter worth approximately $35,000. Meeder Asset Management Inc. boosted its holdings in Univar by 291.7% during the first quarter. Meeder Asset Management Inc. now owns 1,849 shares of the basic materials company’s stock worth $41,000 after buying an additional 1,377 shares in the last quarter. Skylands Capital LLC boosted its stake in Univar by 216.7% in the 4th quarter. Skylands Capital LLC now owns 3,800 shares of the basic materials company’s stock worth $67,000 after purchasing an additional 2,600 shares during the period. Finally, Quantamental Technologies LLC acquired a new position in Univar in the 4th quarter worth approximately $74,000. Hedge funds and other institutional investors own 87.82% of the company’s stock.
Univar Inc distributes commodity and specialty chemical products, and related services worldwide. It offers herbicides, fungicides, insecticides, seeds, micro and macro nutrients, horticultural products, and fertilizers; storage, packaging, and logistics services for crop protection companies; and pest control products and equipment.
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