Univar Solutions Inc. (NYSE:UNVR) Given Consensus Recommendation of “Hold” by Brokerages

Univar Solutions Inc. (NYSE:UNVR) has earned a consensus rating of “Hold” from the eight brokerages that are currently covering the company, MarketBeat reports. One analyst has rated the stock with a sell rating, two have given a hold rating and three have assigned a buy rating to the company. The average 1 year target price among brokerages that have covered the stock in the last year is $28.67.

UNVR has been the subject of several recent analyst reports. Berenberg Bank upgraded shares of Univar Solutions from a “hold” rating to a “buy” rating and increased their price objective for the company from $25.00 to $28.00 in a report on Wednesday, August 25th. Zacks Investment Research downgraded shares of Univar Solutions from a “strong-buy” rating to a “hold” rating and set a $26.00 target price for the company. in a research report on Tuesday, July 13th. Finally, UBS Group started coverage on shares of Univar Solutions in a research note on Tuesday, September 21st. They set a “buy” rating and a $32.00 price target on the stock.

In other Univar Solutions news, Director Christopher D. Pappas purchased 7,000 shares of Univar Solutions stock in a transaction that occurred on Thursday, August 5th. The stock was acquired at an average price of $23.84 per share, with a total value of $166,880.00. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Company insiders own 0.92% of the company’s stock.

A number of institutional investors and hedge funds have recently made changes to their positions in the stock. State of Alaska Department of Revenue lifted its position in Univar Solutions by 1.6% in the 3rd quarter. State of Alaska Department of Revenue now owns 26,748 shares of the basic materials company’s stock worth $637,000 after buying an additional 411 shares during the last quarter. Thrivent Financial for Lutherans boosted its holdings in shares of Univar Solutions by 1.7% in the 1st quarter. Thrivent Financial for Lutherans now owns 45,032 shares of the basic materials company’s stock worth $970,000 after purchasing an additional 760 shares during the period. PNC Financial Services Group Inc. lifted its stake in shares of Univar Solutions by 6.2% during the 2nd quarter. PNC Financial Services Group Inc. now owns 14,499 shares of the basic materials company’s stock worth $354,000 after acquiring an additional 844 shares during the last quarter. Citigroup Inc. lifted its stake in shares of Univar Solutions by 2.1% during the 2nd quarter. Citigroup Inc. now owns 42,978 shares of the basic materials company’s stock worth $1,047,000 after acquiring an additional 891 shares during the last quarter. Finally, Oregon Public Employees Retirement Fund raised its position in Univar Solutions by 2.5% during the 2nd quarter. Oregon Public Employees Retirement Fund now owns 57,473 shares of the basic materials company’s stock valued at $1,401,000 after purchasing an additional 1,426 shares in the last quarter. 92.03% of the stock is owned by institutional investors.

Shares of Univar Solutions stock opened at $25.51 on Thursday. The company has a market capitalization of $4.36 billion, a P/E ratio of 20.25, a P/E/G ratio of 0.98 and a beta of 1.95. The company has a debt-to-equity ratio of 1.06, a current ratio of 1.72 and a quick ratio of 1.22. Univar Solutions has a 1 year low of $16.18 and a 1 year high of $28.00. The business has a 50 day moving average price of $23.68 and a 200 day moving average price of $24.32.

Univar Solutions (NYSE:UNVR) last issued its quarterly earnings data on Sunday, August 1st. The basic materials company reported $0.57 EPS for the quarter, topping analysts’ consensus estimates of $0.50 by $0.07. The firm had revenue of $2.39 billion for the quarter, compared to analyst estimates of $2.25 billion. Univar Solutions had a net margin of 2.50% and a return on equity of 14.64%. The firm’s revenue was up 19.2% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.33 EPS. As a group, research analysts expect that Univar Solutions will post 1.78 EPS for the current fiscal year.

Univar Solutions Company Profile

Univar Solutions, Inc is a chemical and ingredients distributor and provider of specialty services. It operates through the following segments: USA, Canada, Europe and the Middle East and Africa, and Latin America. The company was founded by George van Waters and Nat Rogers on August 8, 1924 and is headquartered in Downers Grove, IL.

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Analyst Recommendations for Univar Solutions (NYSE:UNVR)

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