Equities research analysts at Berenberg Bank initiated coverage on shares of Univar Inc. (NYSE:UNVR) in a research note issued to investors on Thursday, Marketbeat.com reports. The firm set a “sell” rating and a $24.00 price target on the basic materials company’s stock. Berenberg Bank’s price target would suggest a potential downside of 16.35% from the company’s current price.
UNVR has been the subject of several other research reports. Jefferies Group LLC reaffirmed a “buy” rating and issued a $36.00 target price on shares of Univar in a research note on Tuesday, May 2nd. BidaskClub lowered Univar from a “hold” rating to a “sell” rating in a research note on Friday, June 16th. Finally, Zacks Investment Research lowered Univar from a “buy” rating to a “hold” rating in a research note on Thursday, May 11th. Two investment analysts have rated the stock with a sell rating, two have issued a hold rating and five have given a buy rating to the stock. The stock presently has a consensus rating of “Hold” and a consensus target price of $29.86.
Shares of Univar (NYSE UNVR) opened at 28.69 on Thursday. The firm’s market capitalization is $4.02 billion. The company’s 50-day moving average is $30.52 and its 200 day moving average is $29.88. Univar has a 52-week low of $17.00 and a 52-week high of $33.15.
Univar (NYSE:UNVR) last issued its earnings results on Friday, May 5th. The basic materials company reported $0.19 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.22 by $0.03. The firm had revenue of $2 billion during the quarter, compared to analysts’ expectations of $1.95 billion. Univar had a positive return on equity of 14.58% and a negative net margin of 0.74%. The firm’s quarterly revenue was up .0% compared to the same quarter last year. During the same period in the prior year, the company earned $0.10 EPS. Analysts expect that Univar will post $1.13 EPS for the current fiscal year.
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A number of hedge funds have recently modified their holdings of the company. Ameritas Investment Partners Inc. purchased a new stake in shares of Univar during the first quarter valued at about $114,000. Zurcher Kantonalbank Zurich Cantonalbank raised its stake in shares of Univar by 64.0% in the first quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 3,792 shares of the basic materials company’s stock valued at $116,000 after buying an additional 1,480 shares in the last quarter. Dynamic Technology Lab Private Ltd purchased a new stake in shares of Univar during the first quarter valued at about $229,000. Zweig DiMenna Associates LLC purchased a new stake in shares of Univar during the first quarter valued at about $251,000. Finally, Teacher Retirement System of Texas purchased a new stake in shares of Univar during the first quarter valued at about $254,000. 96.55% of the stock is owned by institutional investors and hedge funds.
Univar Company Profile
Univar Inc is a distributor of commodity and specialty chemicals. The Company operates through four segments: Univar USA (USA); Univar Canada (Canada); Univar Europe and the Middle East and Africa (EMEA), and Rest of World. The Company’s USA segment supplies a range of commodity and specialty chemicals, as well as services to a range of end markets, including manufacturing and industrial production sectors in the United States.
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