Univar Solutions (NYSE:UNVR) Now Covered by Analysts at StockNews.com

StockNews.com initiated coverage on shares of Univar Solutions (NYSE:UNVR – Get Rating) in a report released on Thursday morning. The firm issued a hold rating on the basic materials company’s stock.

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

Univar Solutions Trading Up 0.0 %

Univar Solutions stock opened at $34.68 on Thursday. The company has a debt-to-equity ratio of 0.97, a current ratio of 1.99 and a quick ratio of 1.29. The firm has a 50-day moving average of $33.93 and a 200-day moving average of $29.92. The company has a market cap of $5.48 billion, a price-to-earnings ratio of 10.70, a P/E/G ratio of 1.40 and a beta of 1.70. Univar Solutions has a one year low of $21.49 and a one year high of $35.61.

Univar Solutions (NYSE:UNVR – Get Rating) last issued its earnings results on Tuesday, February 21st. The basic materials company reported $0.47 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.56 by ($0.09). The firm had revenue of $2.59 billion during the quarter, compared to the consensus estimate of $2.71 billion. Univar Solutions had a net margin of 4.75% and a return on equity of 22.44%. The firm’s revenue for the quarter was up 3.8% compared to the same quarter last year. During the same period in the previous year, the company posted $0.60 earnings per share. On average, equities analysts expect that Univar Solutions will post 3 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Several hedge funds have recently made changes to their positions in UNVR. Cambridge Investment Research Advisors Inc. bought a new position in shares of Univar Solutions during the first quarter worth approximately $229,000. PNC Financial Services Group Inc. increased its holdings in shares of Univar Solutions by 12.3% during the first quarter. PNC Financial Services Group Inc. now owns 17,438 shares of the basic materials company’s stock worth $560,000 after purchasing an additional 1,906 shares during the period. Bank of Montreal Can increased its holdings in shares of Univar Solutions by 333.6% during the first quarter. Bank of Montreal Can now owns 74,175 shares of the basic materials company’s stock worth $2,394,000 after purchasing an additional 57,069 shares during the period. MetLife Investment Management LLC boosted its position in shares of Univar Solutions by 33.4% during the 1st quarter. MetLife Investment Management LLC now owns 110,489 shares of the basic materials company’s stock worth $3,551,000 after acquiring an additional 27,641 shares in the last quarter. Finally, Rhumbline Advisers boosted its position in shares of Univar Solutions by 0.4% during the 1st quarter. Rhumbline Advisers now owns 452,955 shares of the basic materials company’s stock worth $14,558,000 after acquiring an additional 1,604 shares in the last quarter. 95.94% of the stock is owned by institutional investors.

Univar Solutions Company Profile

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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.