On March 20, 2023, Fermium Research downgraded their outlook for Univar (NYSE:UNVR) from Buy to Hold.
Analyst Price Forecast Suggests 10.29% Upside
As of March 21, 2023, the average one-year price target for Univar is $38.19. The forecasts range from a low of $33.33 to a high of $44.10. The average price target represents an increase of 10.29% from its latest reported closing price of $34.63.
See our leaderboard of companies with the largest price target upside.
The projected annual revenue for Univar is $11,018MM, a decrease of 3.99%. The projected annual non-GAAP EPS is $3.08.
What are Large Shareholders Doing?
Invesco holds 8,249K shares representing 5.23% ownership of the company. In it's prior filing, the firm reported owning 6,074K shares, representing an increase of 26.37%. The firm increased its portfolio allocation in UNVR by 72.83% over the last quarter.
EdgePoint Investment Group holds 8,077K shares representing 5.12% ownership of the company. No change in the last quarter.
Franklin Resources holds 7,229K shares representing 4.59% ownership of the company. In it's prior filing, the firm reported owning 5,533K shares, representing an increase of 23.46%. The firm decreased its portfolio allocation in UNVR by 61.51% over the last quarter.
IJH - iShares Core S&P Mid-Cap ETF holds 5,039K shares representing 3.20% ownership of the company. In it's prior filing, the firm reported owning 4,874K shares, representing an increase of 3.27%. The firm increased its portfolio allocation in UNVR by 26.18% over the last quarter.
VTSMX - Vanguard Total Stock Market Index Fund Investor Shares holds 4,954K shares representing 3.14% ownership of the company. In it's prior filing, the firm reported owning 4,935K shares, representing an increase of 0.39%. The firm increased its portfolio allocation in UNVR by 29.65% over the last quarter.
What is the Fund Sentiment?
There are 750 funds or institutions reporting positions in Univar. This is an increase of 31 owner(s) or 4.31% in the last quarter. Average portfolio weight of all funds dedicated to UNVR is 0.34%, an increase of 11.83%. Total shares owned by institutions decreased in the last three months by 0.33% to 186,286K shares. The put/call ratio of UNVR is 0.03, indicating a bullish outlook.
Univar Solutions Background Information
(This description is provided by the company.)
Univar Solutions is a leading global specialty chemical and ingredient distributor representing a premier portfolio from the world's leading producers. With the industry's largest private transportation fleet and North American sales force, unparalleled logistics know-how, deep market and regulatory knowledge, world-class formulation and recipe development, and leading digital tools the company is well-positioned to offer tailored solutions and value-added services to a wide range of markets, industries, and applications. Univar Solutions is committed to helping customers and suppliers innovate and grow together.
This story originally appeared on Fintel.
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