StockNews.com Initiates Coverage on Univar Solutions (NYSE:UNVR)

Stock analysts at StockNews.com initiated coverage on shares of Univar Solutions (NYSE:UNVR – Get Rating) in a research note issued on Saturday. The firm set a “hold” rating on the basic materials company’s stock.

A number of other research analysts have also recently commented on UNVR. Credit Suisse Group increased their price target on Univar Solutions from $35.00 to $36.00 and gave the company an “outperform” rating in a research note on Wednesday, February 22nd. Deutsche Bank Aktiengesellschaft lifted their price target on Univar Solutions from $32.00 to $40.00 in a research note on Thursday, February 23rd. UBS Group lowered shares of Univar Solutions from a “buy” rating to a “neutral” rating and set a $37.00 price objective for the company. in a report on Thursday, February 9th. Barclays lifted their target price on shares of Univar Solutions from $33.00 to $36.00 and gave the stock an “equal weight” rating in a research report on Tuesday, March 14th. Finally, Vertical Research cut shares of Univar Solutions from a “buy” rating to a “hold” rating in a research report on Tuesday, March 14th. One research analyst has rated the stock with a sell rating, five have given a hold rating and two have issued a buy rating to the company. According to MarketBeat, the stock currently has an average rating of “Hold” and a consensus target price of $35.33.

Univar Solutions Stock Performance

Univar Solutions stock opened at $35.66 on Friday. The business’s 50-day moving average price is $35.26 and its two-hundred day moving average price is $33.63. Univar Solutions has a 12-month low of $21.49 and a 12-month high of $35.75. The company has a quick ratio of 1.45, a current ratio of 2.18 and a debt-to-equity ratio of 0.96. The stock has a market cap of $5.63 billion, a PE ratio of 13.21, a P/E/G ratio of 1.42 and a beta of 1.69.

Univar Solutions (NYSE:UNVR – Get Rating) last announced its quarterly earnings results on Monday, May 8th. The basic materials company reported $0.63 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.58 by $0.05. The company had revenue of $2.68 billion for the quarter, compared to analyst estimates of $2.43 billion. Univar Solutions had a net margin of 3.97% and a return on equity of 19.05%. The firm’s revenue was down 6.9% on a year-over-year basis. During the same period in the previous year, the firm posted $1.07 EPS. As a group, analysts expect that Univar Solutions will post 3.03 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Univar Solutions

A number of hedge funds have recently bought and sold shares of UNVR. Boyar Asset Management Inc. grew its stake in shares of Univar Solutions by 2.7% in the 4th quarter. Boyar Asset Management Inc. now owns 12,281 shares of the basic materials company’s stock worth $391,000 after acquiring an additional 325 shares in the last quarter. Spire Wealth Management increased its stake in Univar Solutions by 61.9% in the 1st quarter. Spire Wealth Management now owns 936 shares of the basic materials company’s stock valued at $33,000 after buying an additional 358 shares during the last quarter. Tower Research Capital LLC TRC increased its stake in Univar Solutions by 14.3% in the 1st quarter. Tower Research Capital LLC TRC now owns 3,650 shares of the basic materials company’s stock valued at $128,000 after buying an additional 456 shares during the last quarter. First Republic Investment Management Inc. lifted its position in shares of Univar Solutions by 0.8% during the 4th quarter. First Republic Investment Management Inc. now owns 58,653 shares of the basic materials company’s stock worth $1,865,000 after buying an additional 477 shares in the last quarter. Finally, Wells Fargo & Company MN boosted its stake in shares of Univar Solutions by 16.9% in the 4th quarter. Wells Fargo & Company MN now owns 3,380 shares of the basic materials company’s stock worth $107,000 after buying an additional 488 shares during the last quarter. Institutional investors own 95.94% of the company’s stock.

About Univar Solutions

(Get Rating)

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.