Price Action To Observe: Univar Inc Can’t Burn Your Long Portfolio. Just Reaches 52-Week High

Price Action To Observe: Univar Inc Can't Burn Your Long Portfolio. Just Reaches 52 Week High

The stock of Univar Inc (NYSE:UNVR) hit a new 52-week high and has $30.43 target or 35.00% above today’s $22.54 share price. The 5 months bullish chart indicates low risk for the $3.11 billion company. The 1-year high was reported on Nov, 7 by Barchart.com. If the $30.43 price target is reached, the company will be worth $1.09 billion more.
The 52-week high event is an important milestone for every stock because it shows very positive momentum and is time when buyers come in. During such notable technical setup, fundamental investors usually stay away and are careful shorting or selling the stock. About 187,022 shares traded hands. Univar Inc (NYSE:UNVR) has risen 31.99% since April 5, 2016 and is uptrending. It has outperformed by 30.03% the S&P500.

Univar Inc (NYSE:UNVR) Ratings Coverage

Out of 8 analysts covering Univar Inc (NYSE:UNVR), 3 rate it a “Buy”, 0 “Sell”, while 5 “Hold”. This means 38% are positive. Univar Inc has been the topic of 17 analyst reports since July 28, 2015 according to StockzIntelligence Inc. Bank of America upgraded the stock to “Buy” rating in Wednesday, November 4 report. The firm earned “Neutral” rating on Thursday, July 30 by Credit Suisse. The stock has “Buy” rating given by Bank of America on Thursday, August 11. On Tuesday, July 28 the stock rating was initiated by SunTrust with “Neutral”. The stock of Univar Inc (NYSE:UNVR) earned “Market Perform” rating by Wells Fargo on Thursday, July 30. The stock of Univar Inc (NYSE:UNVR) has “Equal-Weight” rating given on Tuesday, August 16 by Barclays Capital. Goldman Sachs downgraded the stock to “Neutral” rating in Wednesday, January 20 report. The firm has “Equal-Weight” rating given on Monday, August 10 by Barclays Capital. The rating was reinitiated by Credit Suisse with “Neutral” on Friday, June 17. The stock of Univar Inc (NYSE:UNVR) earned “Neutral” rating by Bank of America on Tuesday, September 8.

According to Zacks Investment Research, “Univar Inc. is a distributor of chemicals and innovative services. The Company offers solvents, resins, pigments, acids, bases, surfactants, glycols, inorganic compounds and alcohols. It also offers transportation and warehousing infrastructure, chemicals and hazardous materials handling services. The Company’s operating geographical segments include Univar USA, Univar Canada, Univar Europe and the Middle East as well as Rest of World. It serves coatings and adhesives, food, oil and gas, personal care and pharmaceutical industries. Univar Inc. is headquartered in Downers Grove, Illinois.”

More notable recent Univar Inc (NYSE:UNVR) news were published by: Prnewswire.com which released: “Univar Reports 2016 Third Quarter Financial Results” on November 04, 2016, also Prnewswire.com with their article: “Univar Inc. Appoints CEO Stephen D. Newlin as Chairman; William S …” published on November 03, 2016, Prnewswire.com published: “Univar Inc. to Report 2016 Third Quarter Financial Results on November 4” on October 06, 2016. More interesting news about Univar Inc (NYSE:UNVR) were released by: Prnewswire.com and their article: “Univar Announces Pricing of Sale of 20943741 Shares of Common Stock by Selling …” published on August 16, 2016 as well as Prnewswire.com‘s news article titled: “Univar Names Chemical Industry Executive and Board Member Stephen D. Newlin …” with publication date: May 03, 2016.

UNVR Company Profile

Univar Inc., incorporated on November 21, 1974, is a distributor of commodity and specialty chemicals. The Company’s divisions include Univar USA (USA); Univar Canada (Canada); Univar Europe, the Middle East and Africa (EMEA), and Rest of World. The Rest of World segment includes developing businesses in Latin America, including Brazil and Mexico, and the Asia-Pacific region. The Company’s USA segment offers commodity and specialty chemicals, as well as specialized services to a range of end markets, which include manufacturing and industrial production sectors in the United States. The Company’s Canadian activities are divided into approximately two regions: Eastern Canada, where it focuses on customer end markets, including cleaning and sanitization, coatings and adhesives, food ingredients, chemical manufacturing, personal care and pharmaceutical, and Western Canada, where it focuses on forestry, chemical manufacturing, mining, and gas and oil markets, such as midstream gas and oil sands processing, as well as refining. The Company’s EMEA segment caters to pharmaceutical products and ingredients, food, coating and adhesives, and personal care industries.

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