Nexeo Solutions (NASDAQ:NXEO) was upgraded by stock analysts at ValuEngine from a “hold” rating to a “buy” rating in a report issued on Sunday, December 31st.
NXEO has been the subject of several other research reports. Zacks Investment Research upgraded Nexeo Solutions from a “sell” rating to a “hold” rating in a report on Tuesday, September 26th. Jefferies Group restated a “hold” rating and set a $8.50 price objective on shares of Nexeo Solutions in a report on Friday, September 15th. Finally, SunTrust Banks restated a “buy” rating and set a $11.00 price objective on shares of Nexeo Solutions in a report on Friday, November 10th. One analyst has rated the stock with a sell rating, two have issued a hold rating and two have given a buy rating to the stock. Nexeo Solutions has a consensus rating of “Hold” and a consensus price target of $9.33.
Nexeo Solutions (NXEO) traded up $0.03 during trading on Friday, reaching $9.87. The company’s stock had a trading volume of 414,700 shares, compared to its average volume of 361,571. The company has a market capitalization of $892.93, a PE ratio of 51.95, a PEG ratio of 1.02 and a beta of 0.37. The company has a debt-to-equity ratio of 60.15, a quick ratio of 1.32 and a current ratio of 1.94. Nexeo Solutions has a 1 year low of $6.74 and a 1 year high of $10.13.
Nexeo Solutions (NASDAQ:NXEO) last posted its quarterly earnings data on Wednesday, December 6th. The basic materials company reported $0.18 EPS for the quarter, topping the Zacks’ consensus estimate of $0.16 by $0.02. Nexeo Solutions had a return on equity of 20.02% and a net margin of 0.40%. The company had revenue of $981.70 million for the quarter, compared to analyst estimates of $881.70 million. research analysts forecast that Nexeo Solutions will post 0.58 earnings per share for the current year.
In other Nexeo Solutions news, insider Brian Herington purchased 50,000 shares of the stock in a transaction on Tuesday, December 12th. The shares were purchased at an average price of $8.35 per share, with a total value of $417,500.00. The acquisition was disclosed in a document filed with the SEC, which can be accessed through this link. 0.57% of the stock is owned by corporate insiders.
Several institutional investors have recently made changes to their positions in the company. Walthausen & Co. LLC increased its position in shares of Nexeo Solutions by 20.9% during the 3rd quarter. Walthausen & Co. LLC now owns 1,500,676 shares of the basic materials company’s stock valued at $10,955,000 after purchasing an additional 259,250 shares during the last quarter. Engine Capital Management LLC bought a new position in shares of Nexeo Solutions during the 3rd quarter valued at about $838,000. 22NW LP bought a new position in shares of Nexeo Solutions during the 3rd quarter valued at about $709,000. Dimensional Fund Advisors LP bought a new position in shares of Nexeo Solutions during the 3rd quarter valued at about $1,257,000. Finally, Schwab Charles Investment Management Inc. increased its position in shares of Nexeo Solutions by 7.4% during the 3rd quarter. Schwab Charles Investment Management Inc. now owns 161,949 shares of the basic materials company’s stock valued at $1,183,000 after purchasing an additional 11,193 shares during the last quarter. Hedge funds and other institutional investors own 95.00% of the company’s stock.
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Nexeo Solutions Company Profile
Nexeo Solutions Inc, formerly WL Ross Holding Corp., is global distributor of chemicals products in North America and Asia, and plastics products in North America, Europe, the Middle East and Africa (EMEA) and Asia. The Company provides services, such as custom blending, packaging and re-packaging, private-label manufacturing and product testing in the form of chemical analysis, product performance analysis and product development.
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