Wunderlich Securities Analysts Begin Coverage on United Stationers (USTR)
Equities research analysts at Wunderlich Securities started coverage on shares of United Stationers (NASDAQ: USTR) in a research note issued to investors on Friday. The firm set a “buy” rating and a $32.00 price target on the stock.
Separately, analysts at Wunderlich initiated coverage on shares of United Stationers in a research note to investors on Friday. They set a “buy” rating and a $32.00 price target on the stock.
United Stationers opened at 25.52 on Friday. United Stationers has a 52-week low of $25.75 and a 52-week high of $37.06. The company has a market cap of $1.038 billion and a price-to-earnings ratio of 10.74.
United Stationers last posted its quarterly earnings results on Monday, April 23rd. The company reported $0.45 earnings per share for the quarter, beating the analysts’ consensus estimate of $0.43 by $0.02. The company’s revenue for the quarter was up 2.7% on a year-over-year basis. On average, analysts predict that United Stationers will post $0.87 earnings per share next quarter.
United Stationers Inc. (United) is a wholesale distributor of business products. It stocks a line of approximately 100,000 products, including technology products, traditional office products, office furniture, janitorial and breakroom supplies, and industrial supplies.