ValuEngine lowered shares of Univar (NYSE:UNVR) from a hold rating to a sell rating in a research note issued to investors on Monday, April 2nd.
A number of other equities analysts have also weighed in on the stock. Deutsche Bank set a $34.00 target price on shares of Univar and gave the stock a hold rating in a research note on Wednesday, March 7th. Zacks Investment Research upgraded shares of Univar from a hold rating to a buy rating and set a $31.00 price objective for the company in a research note on Wednesday, February 28th. Vertical Research upgraded shares of Univar from a sell rating to a hold rating in a research note on Tuesday, February 20th. Finally, SunTrust Banks upgraded shares of Univar from a hold rating to a buy rating in a research note on Tuesday, February 13th. Three research analysts have rated the stock with a sell rating, three have issued a hold rating and four have assigned a buy rating to the stock. The company currently has a consensus rating of Hold and an average price target of $32.67.
Shares of Univar stock traded down $0.23 on Monday, hitting $28.60. 589,843 shares of the company’s stock traded hands, compared to its average volume of 952,106. The company has a debt-to-equity ratio of 2.59, a quick ratio of 1.18 and a current ratio of 1.77. Univar has a one year low of $25.79 and a one year high of $32.53. The stock has a market capitalization of $3,987.99, a price-to-earnings ratio of 20.74, a PEG ratio of 1.93 and a beta of 1.21.
In other Univar news, insider Dahlia Investments Pte. Ltd. sold 5,635 shares of the stock in a transaction dated Thursday, January 25th. The shares were sold at an average price of $31.14, for a total value of $175,473.90. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Over the last three months, insiders sold 93,587 shares of company stock worth $2,914,052. Insiders own 0.55% of the company’s stock.
Institutional investors and hedge funds have recently made changes to their positions in the company. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. increased its holdings in shares of Univar by 125.8% during the fourth quarter. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. now owns 5,262 shares of the basic materials company’s stock worth $162,000 after purchasing an additional 2,932 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank increased its stake in Univar by 45.6% in the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 6,202 shares of the basic materials company’s stock valued at $192,000 after acquiring an additional 1,941 shares during the last quarter. Stone Ridge Asset Management LLC bought a new position in Univar in the fourth quarter valued at approximately $222,000. Rehmann Capital Advisory Group bought a new position in Univar in the fourth quarter valued at approximately $223,000. Finally, State of Alaska Department of Revenue bought a new position in Univar in the fourth quarter valued at approximately $275,000. 98.18% of the stock is currently owned by institutional investors.
ILLEGAL ACTIVITY NOTICE: “Univar (NYSE:UNVR) Downgraded by ValuEngine to “Sell”” was first posted by StockNewsTimes and is owned by of StockNewsTimes. If you are reading this piece of content on another publication, it was illegally stolen and reposted in violation of US and international copyright and trademark legislation. The original version of this piece of content can be viewed at https://stocknewstimes.com/2018/04/17/univar-unvr-cut-to-sell-at-valuengine.html.
Univar Inc is a distributor of commodity and specialty chemicals. The Company operates through four segments: Univar USA (USA); Univar Canada (Canada); Univar Europe and the Middle East and Africa (EMEA), and Rest of World. The Company’s USA segment supplies a range of commodity and specialty chemicals, as well as services to a range of end markets, including manufacturing and industrial production sectors in the United States.
To view ValuEngine’s full report, visit ValuEngine’s official website.
Receive News & Ratings for Univar Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Univar and related companies with MarketBeat.com's FREE daily email newsletter.