Univar Solutions (NYSE:UNVR) Raised to “Buy” at StockNews.com

StockNews.com upgraded shares of Univar Solutions (NYSE:UNVRGet Rating) from a hold rating to a buy rating in a research note released on Friday morning.

A number of other brokerages have also recently issued reports on UNVR. Deutsche Bank Aktiengesellschaft reduced their price objective on shares of Univar Solutions from $32.00 to $28.00 and set a buy rating for the company in a research note on Monday, October 17th. Credit Suisse Group assumed coverage on Univar Solutions in a report on Friday, October 21st. They set an outperform rating and a $31.00 price target on the stock. Finally, The Goldman Sachs Group upped their price objective on Univar Solutions from $26.00 to $29.00 and gave the stock a neutral rating in a research note on Tuesday. One analyst has rated the stock with a hold rating and five have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of Moderate Buy and an average target price of $33.00.

Univar Solutions Stock Up 5.6 %

UNVR opened at $29.27 on Friday. The company has a current ratio of 2.07, a quick ratio of 1.36 and a debt-to-equity ratio of 0.96. Univar Solutions has a 1-year low of $21.49 and a 1-year high of $34.00. The company has a market capitalization of $4.78 billion, a PE ratio of 7.89, a PEG ratio of 0.37 and a beta of 1.63. The firm’s 50 day simple moving average is $24.79 and its two-hundred day simple moving average is $26.43.

Univar Solutions (NYSE:UNVRGet Rating) last released its quarterly earnings results on Tuesday, November 1st. The basic materials company reported $0.84 earnings per share for the quarter, topping the consensus estimate of $0.75 by $0.09. Univar Solutions had a net margin of 5.54% and a return on equity of 24.02%. The business had revenue of $2.98 billion for the quarter, compared to the consensus estimate of $2.93 billion. As a group, equities analysts forecast that Univar Solutions will post 3.48 EPS for the current year.

Institutional Inflows and Outflows

A number of large investors have recently added to or reduced their stakes in UNVR. Sumitomo Mitsui Trust Holdings Inc. lifted its holdings in Univar Solutions by 1.3% in the 1st quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 95,890 shares of the basic materials company’s stock worth $3,082,000 after purchasing an additional 1,263 shares in the last quarter. Comerica Bank raised its holdings in shares of Univar Solutions by 5.2% during the 1st quarter. Comerica Bank now owns 264,833 shares of the basic materials company’s stock worth $8,480,000 after acquiring an additional 12,995 shares in the last quarter. FourThought Financial LLC raised its holdings in shares of Univar Solutions by 96.2% during the 1st quarter. FourThought Financial LLC now owns 7,327 shares of the basic materials company’s stock worth $235,000 after acquiring an additional 3,593 shares in the last quarter. SG Americas Securities LLC raised its holdings in shares of Univar Solutions by 89.0% during the 1st quarter. SG Americas Securities LLC now owns 126,337 shares of the basic materials company’s stock worth $4,060,000 after acquiring an additional 59,496 shares in the last quarter. Finally, Sheets Smith Investment Management raised its holdings in shares of Univar Solutions by 1.2% during the 1st quarter. Sheets Smith Investment Management now owns 30,703 shares of the basic materials company’s stock worth $987,000 after acquiring an additional 351 shares in the last quarter. 98.13% of the stock is owned by hedge funds and other institutional investors.

About Univar Solutions

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Univar Solutions Inc distributes commodity and specialty chemical products, and provides related services worldwide. It offers epoxy resins, polyurethanes, titanium dioxide, fumed silica, esters, plasticizers, silicones, and specialty amines; ingredients for cleaners, detergents, and disinfectant products; and base stocks, performance-enhancing additives for lubricants and metalworking fluids.

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