Univar (NYSE:UNVR) Downgraded to Sell at ValuEngine

ValuEngine downgraded shares of Univar (NYSE:UNVR) from a hold rating to a sell rating in a research note released on Wednesday, ValuEngine reports.

Separately, Zacks Investment Research cut shares of Univar from a hold rating to a sell rating and set a $22.00 price target on the stock. in a research report on Saturday, October 19th. Two research analysts have rated the stock with a sell rating, three have assigned a hold rating and two have given a buy rating to the company’s stock. The company currently has a consensus rating of Hold and an average price target of $25.00.

UNVR stock traded down $0.10 during midday trading on Wednesday, reaching $23.96. 2,245,958 shares of the company’s stock traded hands, compared to its average volume of 1,774,793. The company has a market capitalization of $4.06 billion, a P/E ratio of 14.79, a PEG ratio of 2.08 and a beta of 1.59. The company has a debt-to-equity ratio of 1.71, a current ratio of 1.78 and a quick ratio of 1.17. Univar has a fifty-two week low of $16.33 and a fifty-two week high of $24.46. The business has a 50-day moving average price of $21.25 and a two-hundred day moving average price of $21.16.

Univar (NYSE:UNVR) last announced its quarterly earnings results on Tuesday, November 5th. The basic materials company reported $0.36 earnings per share for the quarter, beating analysts’ consensus estimates of $0.35 by $0.01. The firm had revenue of $2.39 billion for the quarter, compared to analysts’ expectations of $2.39 billion. Univar had a negative net margin of 0.48% and a positive return on equity of 14.09%. Univar’s revenue was up 13.5% compared to the same quarter last year. During the same period in the previous year, the company posted $0.40 earnings per share. As a group, research analysts forecast that Univar will post 1.41 earnings per share for the current fiscal year.

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In other news, Director William S. Stavropoulos bought 5,118 shares of Univar stock in a transaction dated Tuesday, August 13th. The shares were acquired at an average cost of $19.55 per share, with a total value of $100,056.90. Following the completion of the transaction, the director now owns 21,375 shares in the company, valued at approximately $417,881.25. The purchase was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Insiders own 0.50% of the company’s stock.

A number of institutional investors and hedge funds have recently bought and sold shares of UNVR. Great Lakes Advisors LLC bought a new stake in Univar during the third quarter valued at $10,387,000. EdgePoint Investment Group Inc. bought a new stake in Univar during the third quarter valued at $237,539,000. Massachusetts Financial Services Co. MA increased its stake in Univar by 13.7% during the third quarter. Massachusetts Financial Services Co. MA now owns 6,619,481 shares of the basic materials company’s stock valued at $137,421,000 after purchasing an additional 795,046 shares during the last quarter. SG Americas Securities LLC bought a new stake in Univar during the third quarter valued at $762,000. Finally, Eos Focused Equity Management L.P. bought a new stake in Univar during the third quarter valued at $2,613,000.

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, and fertilizers; storage, packaging, and logistics services for crop protection companies; and pest control products and equipment.

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Analyst Recommendations for Univar (NYSE:UNVR)

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