Wells Fargo & Co Analysts Give Univar (UNVR) a $27.00 Price Target

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.

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, 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.

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Analyst Recommendations for Univar (NYSE:UNVR)

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