Barclays Sticks to Its Hold Rating for Univar

By Carrie Williams

Barclays analyst Duffy Fischer maintained a Hold rating on Univar (NYSE: UNVR) yesterday and set a price target of $32. The company’s shares opened today at $27.29.

According to TipRanks.com, Fischer is a 5-star analyst with an average return of 25.0% and a 66.7% success rate. Fischer covers the Consumer Goods sector, focusing on stocks such as Platform Specialty Products, Air Products and Chemicals, and Sherwin-Williams Company.

Univar has an analyst consensus of Moderate Buy, with a price target consensus of $37.33.

Based on Univar’s latest earnings report for the quarter ending June 30, the company posted quarterly revenue of $2.25 billion and quarterly net profit of $31.2 million. In comparison, last year the company earned revenue of $2.26 billion and had a net profit of $39.8 million.

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Univar, Inc. distributes industrial and specialty chemicals. It operates its business through the following segments: Univar USA (USA), Univar Canada (Canada), Univar Europe and the Middle East and Africa (EMEA), and the Rest of the World.