|Bid||81.72 x 43400|
|Ask||81.74 x 6700|
|Day's Range||81.40 - 82.64|
|52 Week Range||62.24 - 95.14|
|Beta (5Y Monthly)||0.59|
|PE Ratio (TTM)||19.98|
|Earnings Date||Mar 04, 2021|
|Forward Dividend & Yield||1.85 (2.24%)|
|Ex-Dividend Date||Jun 18, 2020|
|1y Target Est||113.79|
Univar's (UNVR) unit ChemPoint inks a distribution agreement with Henkel for Bonderite products in the United States and Canada.
"Today's rating action reflects the company's strong track record of maintaining solid credit metrics and a sustainably positive free cash flow generation, which we expect to continue despite a recessionary macroeconomic environment in 2020 triggered by the spread of the global pandemic", says Vitali Morgovski, a Moody's Assistant Vice President -- Analyst and lead analyst for Henkel. A full list of affected ratings can be found at the end of this press release.
German consumer goods group Henkel reported a big drop in sales of its beauty care business on Thursday due to the closure of hair salons due to the coronavirus and a hit to its adhesives unit, but saw a surge in demand for cleaning products. Henkel said group second-quarter sales fell 11% to 4.6 billion euros, meeting average analyst forecasts for 4.6 billion, and a decline of 9.4% after stripping out the effect of currencies and acquisitions. Henkel, which makes Dial soap and Persil detergent, declined to give an outlook for the full year due to continued uncertainties.