Univar (UNVR) Upgraded at Berenberg Bank
Berenberg Bank upgraded shares of Univar (NYSE:UNVR) from a hold rating to a buy rating in a research report report published on Tuesday, Marketbeat reports. Berenberg Bank currently has $24.00 price target on the basic materials company’s stock.
Other equities research analysts have also recently issued reports about the company. ValuEngine cut Univar from a sell rating to a strong sell rating in a research note on Monday, July 2nd. Zacks Investment Research raised Univar from a hold rating to a buy rating and set a $30.00 price target on the stock in a report on Saturday, May 12th. Barclays lowered their price target on Univar from $32.00 to $30.00 and set an equal weight rating on the stock in a report on Monday, August 6th. Finally, Goldman Sachs Group raised Univar from a buy rating to a conviction-buy rating in a report on Thursday, August 2nd. Two research analysts have rated the stock with a sell rating, four have issued a hold rating, three have issued a buy rating and one has issued a strong buy rating to the company’s stock. The company has a consensus rating of Hold and an average target price of $31.60.
UNVR stock opened at $27.54 on Tuesday. The company has a current ratio of 1.65, a quick ratio of 1.08 and a debt-to-equity ratio of 2.21. The firm has a market capitalization of $3.99 billion, a price-to-earnings ratio of 20.04, a P/E/G ratio of 1.70 and a beta of 1.19. Univar has a 1 year low of $25.54 and a 1 year high of $31.95.
Several institutional investors and hedge funds have recently modified their holdings of UNVR. Point72 Asia Hong Kong Ltd acquired a new position in shares of Univar during the first quarter valued at $109,000. Chicago Equity Partners LLC acquired a new position in shares of Univar during the second quarter valued at $201,000. Jane Street Group LLC acquired a new position in shares of Univar during the first quarter valued at $221,000. NumerixS Investment Technologies Inc increased its holdings in shares of Univar by 148.6% during the second quarter. NumerixS Investment Technologies Inc now owns 8,700 shares of the basic materials company’s stock valued at $225,000 after purchasing an additional 5,200 shares during the period. Finally, Clinton Group Inc. acquired a new position in shares of Univar during the first quarter valued at $239,000. 91.49% of the stock is currently owned by institutional investors.
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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