Univar (UNVR) Upgraded at Zacks Investment Research

Zacks Investment Research upgraded shares of Univar (NYSE:UNVR) from a hold rating to a buy rating in a research note released on Saturday. They currently have $31.00 price target on the basic materials company’s stock.

According to Zacks, “Univar Inc. is a distributor of chemicals and innovative services. The Company offers solvents, resins, pigments, acids, bases, surfactants, glycols, inorganic compounds and alcohols. It also offers transportation and warehousing infrastructure, chemicals and hazardous materials handling services. The Company’s operating geographical segments include Univar USA, Univar Canada, Univar Europe and the Middle East as well as Rest of World. It serves coatings and adhesives, food, oil and gas, personal care and pharmaceutical industries. Univar Inc. is headquartered in Downers Grove, Illinois. “

A number of other brokerages have also recently commented on UNVR. Deutsche Bank set a $34.00 price target on Univar and gave the stock a hold rating in a research report on Wednesday, March 7th. TheStreet raised Univar from a c+ rating to a b- rating in a research report on Monday, April 2nd. ValuEngine cut Univar from a hold rating to a sell rating in a research report on Monday, April 2nd. Vertical Research raised Univar from a sell rating to a hold rating in a research report on Tuesday, February 20th. Finally, SunTrust Banks raised Univar from a hold rating to a buy rating in a research report on Tuesday, February 13th. Three investment analysts have rated the stock with a sell rating, three have assigned a hold rating and four have given a buy rating to the company’s stock. The company presently has an average rating of Hold and a consensus price target of $32.67.

Shares of UNVR opened at $28.09 on Friday. Univar has a one year low of $25.79 and a one year high of $31.95. The company has a quick ratio of 1.18, a current ratio of 1.73 and a debt-to-equity ratio of 2.30. The stock has a market cap of $3.97 billion, a price-to-earnings ratio of 20.21, a PEG ratio of 1.87 and a beta of 1.21.

Univar (NYSE:UNVR) last issued its quarterly earnings results on Thursday, May 10th. The basic materials company reported $0.42 EPS for the quarter, topping the Zacks’ consensus estimate of $0.38 by $0.04. Univar had a return on equity of 19.20% and a net margin of 1.93%. The company had revenue of $2.16 billion during the quarter, compared to analysts’ expectations of $2.12 billion. During the same quarter in the previous year, the firm posted $0.16 EPS. The firm’s revenue was up 8.0% compared to the same quarter last year. equities research analysts expect that Univar will post 1.76 earnings per share for the current year.

Several hedge funds have recently modified their holdings of UNVR. Dimensional Fund Advisors LP lifted its holdings in shares of Univar by 3.2% in the 3rd quarter. Dimensional Fund Advisors LP now owns 665,609 shares of the basic materials company’s stock valued at $19,256,000 after buying an additional 20,419 shares during the period. Bank of Montreal Can acquired a new position in shares of Univar in the 4th quarter valued at about $277,000. State of Alaska Department of Revenue acquired a new position in shares of Univar in the 4th quarter valued at about $275,000. GW&K Investment Management LLC acquired a new position in shares of Univar in the 4th quarter valued at about $12,059,000. Finally, SG Americas Securities LLC lifted its holdings in shares of Univar by 150.3% in the 4th quarter. SG Americas Securities LLC now owns 10,381 shares of the basic materials company’s stock valued at $321,000 after buying an additional 6,234 shares during the period. 98.02% of the stock is owned by institutional investors and hedge funds.

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, 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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