Wells Fargo & Co set a $27.00 price objective on Univar (NYSE:UNVR) in a report issued on Wednesday, The Fly reports. The firm currently has a buy rating on the basic materials company’s stock.
A number of other equities research analysts have also recently issued reports on UNVR. Zacks Investment Research cut shares of Univar from a buy rating to a hold rating in a report on Monday, July 16th. ValuEngine cut shares of Univar from a sell rating to a strong sell rating in a report on Thursday, August 2nd. Goldman Sachs Group upgraded shares of Univar from a buy rating to a conviction-buy rating in a report on Thursday, August 2nd. Barclays decreased their price objective on shares of Univar from $32.00 to $30.00 and set an equal weight rating for the company in a report on Monday, August 6th. Finally, Berenberg Bank upgraded shares of Univar from a hold rating to a buy rating and set a $24.00 price objective for the company in a report on Tuesday, September 4th. One analyst has rated the stock with a sell rating, three have issued a hold rating, four have issued a buy rating and one has given a strong buy rating to the company. The company presently has an average rating of Buy and a consensus price target of $29.40.
Shares of NYSE:UNVR opened at $22.85 on Wednesday. The firm has a market capitalization of $3.26 billion, a P/E ratio of 14.14, a price-to-earnings-growth ratio of 1.48 and a beta of 1.41. Univar has a 1 year low of $20.08 and a 1 year high of $31.95. The company has a debt-to-equity ratio of 2.07, a current ratio of 1.77 and a quick ratio of 1.08.
Univar (NYSE:UNVR) last issued its quarterly earnings data on Tuesday, November 6th. The basic materials company reported $0.40 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.42 by ($0.02). The business had revenue of $2.13 billion during the quarter, compared to the consensus estimate of $2.18 billion. Univar had a return on equity of 19.82% and a net margin of 2.30%. The company’s revenue for the quarter was up 4.0% on a year-over-year basis. During the same quarter in the prior year, the company posted $0.36 earnings per share. As a group, equities analysts anticipate that Univar will post 1.6 EPS for the current year.
In other news, insider Stephen D. Newlin purchased 3,000 shares of the firm’s stock in a transaction on Thursday, November 8th. The stock was bought at an average cost of $23.02 per share, for a total transaction of $69,060.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Christopher D. Pappas purchased 10,000 shares of the firm’s stock in a transaction on Thursday, November 8th. The shares were purchased at an average price of $23.11 per share, with a total value of $231,100.00. The disclosure for this purchase can be found here. Insiders have acquired 22,750 shares of company stock valued at $584,575 over the last 90 days. Corporate insiders own 1.82% of the company’s stock.
A number of hedge funds have recently added to or reduced their stakes in the business. FMR LLC boosted its holdings in Univar by 2.9% during the third quarter. FMR LLC now owns 10,109,059 shares of the basic materials company’s stock valued at $309,944,000 after acquiring an additional 282,560 shares during the period. Iridian Asset Management LLC CT boosted its holdings in Univar by 23.9% during the third quarter. Iridian Asset Management LLC CT now owns 8,450,836 shares of the basic materials company’s stock valued at $259,103,000 after acquiring an additional 1,628,591 shares during the period. BlackRock Inc. boosted its holdings in Univar by 11.8% during the second quarter. BlackRock Inc. now owns 4,942,775 shares of the basic materials company’s stock valued at $129,698,000 after acquiring an additional 521,840 shares during the period. Wells Fargo & Company MN boosted its holdings in Univar by 9.8% during the second quarter. Wells Fargo & Company MN now owns 4,171,595 shares of the basic materials company’s stock valued at $109,462,000 after acquiring an additional 373,454 shares during the period. Finally, American Century Companies Inc. bought a new stake in Univar during the third quarter valued at about $50,565,000. Institutional investors own 90.67% 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, 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.
Read More: Should you buy a closed-end mutual fund?
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.