Press coverage about Nexeo Solutions (NASDAQ:NXEO) has been trending somewhat positive this week, according to Accern Sentiment Analysis. Accern identifies positive and negative press coverage by reviewing more than 20 million blog and news sources in real time. Accern ranks coverage of public companies on a scale of -1 to 1, with scores nearest to one being the most favorable. Nexeo Solutions earned a media sentiment score of 0.07 on Accern’s scale. Accern also gave media stories about the basic materials company an impact score of 45.364566934002 out of 100, indicating that recent press coverage is somewhat unlikely to have an impact on the company’s share price in the next several days.
Shares of Nexeo Solutions (NXEO) opened at $9.74 on Friday. Nexeo Solutions has a 12 month low of $6.74 and a 12 month high of $10.13. The firm has a market cap of $877.67, a price-to-earnings ratio of 51.26, a PEG ratio of 1.03 and a beta of 3.29. The company has a quick ratio of 1.32, a current ratio of 1.94 and a debt-to-equity ratio of 60.15.
Nexeo Solutions (NASDAQ:NXEO) last announced its earnings results on Wednesday, December 6th. The basic materials company reported $0.18 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.16 by $0.02. Nexeo Solutions had a net margin of 0.40% and a return on equity of 20.02%. The business had revenue of $981.70 million for the quarter, compared to the consensus estimate of $881.70 million. sell-side analysts expect that Nexeo Solutions will post 0.58 EPS for the current year.
Several research firms have commented on NXEO. Zacks Investment Research lowered shares of Nexeo Solutions from a “hold” rating to a “sell” rating in a research report on Tuesday, January 9th. ValuEngine upgraded shares of Nexeo Solutions from a “hold” rating to a “buy” rating in a research report on Sunday, December 31st. SunTrust Banks reiterated a “buy” rating and set a $11.00 price objective on shares of Nexeo Solutions in a research report on Friday, November 10th. Finally, Jefferies Group reissued a “hold” rating and issued a $8.50 target price on shares of Nexeo Solutions in a research note on Thursday, October 19th. One research analyst has rated the stock with a sell rating, two have assigned a hold rating and two have given a buy rating to the company’s stock. Nexeo Solutions currently has an average rating of “Hold” and a consensus price target of $9.33.
In other news, insider Brian Herington bought 50,000 shares of Nexeo Solutions stock in a transaction dated Tuesday, December 12th. The shares were acquired at an average price of $8.35 per share, with a total value of $417,500.00. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Corporate insiders own 0.57% of the company’s stock.
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About Nexeo Solutions
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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