Univar Inc (UNVR) is Upgraded by Goldman to Buy

Univar Inc (UNVR) was Upgraded by Goldman to ” Buy”. Earlier the firm had a rating of “Neutral ” on the company shares. Goldman advised their investors in a research report released on May 11, 2016.

Many Wall Street Analysts have commented on Univar Inc. Shares were Upgraded by Barclays on Feb 16, 2016 to ” Overweight” and Lowered the Price Target to $ 18 from a previous price target of $23 .

On the company’s financial health, Univar Inc reported $-0.02 EPS for the quarter, missing the analyst consensus estimate by $ -0.13 based on the information available during the earnings call on Feb 24, 2016. Analyst had a consensus of $0.11. The company had revenue of $1966.30 million for the quarter, compared to analysts expectations of $1987.10 million. The company’s revenue was down -17.6 % compared to the same quarter last year.During the same quarter in the previous year, the company posted $-0.83 EPS.

Univar Inc opened for trading at $17.43 and hit $17.82 on the upside on Tuesday, eventually ending the session at $17.75, with a gain of 2.48% or 0.43 points. The heightened volatility saw the trading volume jump to 7,85,432 shares. Company has a market cap of $2,449 M.

In a different news, on May 6, 2016, Stephen D Newlin (director) purchased 22,000 shares at $16.80 per share price. According to the SEC, on Mar 1, 2016, Christopher D Pappas (director) purchased 30,000 shares at $15.77 per share price. On Sep 30, 2015, J Erik Fyrwald (CEO) purchased 10,000 shares at $18.75 per share price, according to the Form-4 filing with the securities and exchange commission.

Univar Inc. is a global chemical distributor and provider of services. The Company source chemicals from over 8800 producers worldwide and provide a range of products and services to over 133000 customer locations in over 150 countries. The Company’s customers includes Akzo Nobel Dow Chemical Company Henkel Ecolab PPG Valero Energy FMC Corporation Georgia-Pacific and Kellogg Company. The Company operates in its geographical segments: Univar USA (USA) Univar Canada or Canada Univar Europe and the Middle East and Africa or EMEA and Rest of World. The Company serves all of the premier United States oil and gas plays including Bakken Eagle Ford and Marcellus as well as the Canadian oil sands.

Univar Inc

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