Price Action to Note: What’s in Univar Inc After Making 52-Week High?

Price Action to Note: What's in Univar Inc After Making 52 Week High?

The stock of Univar Inc (NYSE:UNVR) hit a new 52-week high and has $29.58 target or 20.00% above today’s $24.65 share price. The 5 months bullish chart indicates low risk for the $3.43 billion company. The 1-year high was reported on Nov, 21 by Barchart.com. If the $29.58 price target is reached, the company will be worth $686.00M 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 297,168 shares traded hands. Univar Inc (NYSE:UNVR) has risen 35.45% since April 19, 2016 and is uptrending. It has outperformed by 31.59% 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. The stock of Univar Inc (NYSE:UNVR) has “Buy” rating given on Tuesday, July 28 by Goldman Sachs. The stock has “Neutral” rating given by Goldman Sachs on Wednesday, January 20. The firm earned “Equal-Weight” rating on Monday, August 10 by Barclays Capital. As per Tuesday, July 28, the company rating was initiated by SunTrust. The stock has “Equal-Weight” rating given by Barclays Capital on Tuesday, August 16. On Thursday, July 30 the stock rating was initiated by Wells Fargo with “Market Perform”. The stock of Univar Inc (NYSE:UNVR) earned “Neutral” rating by Bank of America on Tuesday, September 8. The company was reinitiated on Friday, June 17 by Credit Suisse. Barclays Capital upgraded the shares of UNVR in a report on Tuesday, February 16 to “Overweight” rating. Jefferies initiated Univar Inc (NYSE:UNVR) rating on Thursday, July 30. Jefferies has “Buy” rating and $29 price target.

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 Announces Pricing of Sale of 20943741 Shares of Common Stock by Selling …” published on August 16, 2016, Prnewswire.com published: “Univar Names Chemical Industry Executive and Board Member Stephen D. Newlin …” on May 03, 2016. More interesting news about Univar Inc (NYSE:UNVR) were released by: Prnewswire.com and their article: “Univar Inc. Appoints CEO Stephen D. Newlin as Chairman; William S …” published on November 03, 2016 as well as Prnewswire.com‘s news article titled: “Univar Inc. Elects Daniel Doheny to Board of Directors” with publication date: June 02, 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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