Univar Inc (NYSE:UNVR) Receives $26.80 Average Price Target from Analysts

Shares of Univar Inc (NYSE:UNVR) have been given an average recommendation of “Buy” by the nine ratings firms that are currently covering the stock, Marketbeat reports. One equities research analyst has rated the stock with a sell recommendation, three have issued a hold recommendation, three have assigned a buy recommendation and one has given a strong buy recommendation to the company. The average twelve-month target price among brokerages that have issued a report on the stock in the last year is $26.80.

A number of research analysts have recently issued reports on UNVR shares. Berenberg Bank downgraded Univar from a “buy” rating to a “hold” rating and lowered their price target for the company from $27.00 to $25.00 in a report on Wednesday, April 17th. Goldman Sachs Group started coverage on Univar in a report on Thursday, April 18th. They set a “neutral” rating on the stock. Finally, Zacks Investment Research raised Univar from a “hold” rating to a “strong-buy” rating and set a $21.00 price target on the stock in a report on Monday, June 3rd.

Shares of NYSE UNVR traded down $0.08 during trading on Friday, reaching $18.76. The company had a trading volume of 43,740 shares, compared to its average volume of 1,971,518. Univar has a 12-month low of $16.33 and a 12-month high of $31.23. The stock has a market cap of $3.25 billion, a PE ratio of 11.36, a PEG ratio of 1.54 and a beta of 1.54. The business’s 50-day moving average is $21.17. The company has a debt-to-equity ratio of 1.76, a quick ratio of 1.17 and a current ratio of 1.75.

Univar (NYSE:UNVR) last released its earnings results on Monday, August 5th. The basic materials company reported $0.42 EPS for the quarter, missing analysts’ consensus estimates of $0.44 by ($0.02). The company had revenue of $2.58 billion during the quarter, compared to analysts’ expectations of $2.83 billion. Univar had a return on equity of 15.03% and a net margin of 0.04%. The company’s revenue was up 8.9% on a year-over-year basis. During the same period in the prior year, the company posted $0.47 earnings per share. Research analysts forecast that Univar will post 1.45 EPS for the current year.

In other news, insider Stephen D. Newlin bought 3,200 shares of the stock in a transaction on Wednesday, August 7th. The shares were bought at an average price of $19.73 per share, with a total value of $63,136.00. Following the completion of the acquisition, the insider now owns 217,843 shares in the company, valued at $4,298,042.39. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director William S. Stavropoulos bought 5,118 shares of the stock in a transaction on Tuesday, August 13th. The stock was purchased at an average cost of $19.55 per share, for a total transaction of $100,056.90. Following the acquisition, the director now owns 21,375 shares of the company’s stock, valued at approximately $417,881.25. The disclosure for this purchase can be found here. Over the last ninety days, insiders have bought 18,196 shares of company stock worth $361,075. Corporate insiders own 0.50% of the company’s stock.

A number of hedge funds have recently bought and sold shares of UNVR. Dimensional Fund Advisors LP increased its holdings in Univar by 25.2% in the 4th quarter. Dimensional Fund Advisors LP now owns 1,542,522 shares of the basic materials company’s stock worth $27,364,000 after acquiring an additional 310,016 shares during the last quarter. Legal & General Group Plc grew its holdings in Univar by 3.0% during the 4th quarter. Legal & General Group Plc now owns 94,546 shares of the basic materials company’s stock valued at $1,678,000 after buying an additional 2,717 shares in the last quarter. Amalgamated Bank grew its holdings in Univar by 6.0% during the 4th quarter. Amalgamated Bank now owns 22,070 shares of the basic materials company’s stock valued at $392,000 after buying an additional 1,257 shares in the last quarter. Geode Capital Management LLC grew its holdings in Univar by 5.2% during the 4th quarter. Geode Capital Management LLC now owns 1,107,035 shares of the basic materials company’s stock valued at $19,638,000 after buying an additional 54,526 shares in the last quarter. Finally, State of Alaska Department of Revenue grew its holdings in Univar by 10.0% during the 1st quarter. State of Alaska Department of Revenue now owns 13,772 shares of the basic materials company’s stock valued at $304,000 after buying an additional 1,251 shares in the last quarter. 94.07% of the stock is currently owned by institutional investors.

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

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Analyst Recommendations for Univar (NYSE:UNVR)

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