Goldman Sachs Group Begins Coverage on Univar (UNVR)

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.

Univar (NYSE:UNVR) last posted its quarterly earnings data on Friday, February 8th. The basic materials company reported $0.33 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.32 by $0.01. The business had revenue of $1.97 billion during the quarter, compared to analysts’ expectations of $2.01 billion. Univar had a net margin of 2.00% and a return on equity of 19.35%. The business’s revenue was up .6% on a year-over-year basis. During the same period last year, the firm posted $0.34 earnings per share. As a group, sell-side analysts anticipate that Univar will post 1.48 EPS for the current fiscal year.

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.

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, and fertilizers; storage, packaging, and logistics services for crop protection companies; and pest control products and equipment.

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The Fly

Analyst Recommendations for Univar (NYSE:UNVR)

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