Shares of Nexeo Solutions Inc (NASDAQ:NXEO) have earned a consensus broker rating score of 1.00 (Strong Buy) from the two brokers that cover the stock, Zacks Investment Research reports. Two investment analysts have rated the stock with a strong buy recommendation. Nexeo Solutions’ rating score has improved by 40.1% from three months ago as a result of a number of analysts’ upgrades and downgrades.
Brokerages have set a twelve-month consensus price target of $10.83 for the company and are anticipating that the company will post $0.06 EPS for the current quarter, according to Zacks. Zacks has also given Nexeo Solutions an industry rank of 87 out of 265 based on the ratings given to its competitors.
NXEO has been the topic of a number of research analyst reports. Zacks Investment Research lowered shares of Nexeo Solutions from a “hold” rating to a “sell” rating in a research note on Thursday, October 12th. ValuEngine raised shares of Nexeo Solutions from a “hold” rating to a “buy” rating in a research note on Friday, October 13th. Jefferies Group reaffirmed a “hold” rating and issued a $8.50 target price on shares of Nexeo Solutions in a research note on Thursday, October 19th. Finally, SunTrust Banks reaffirmed a “buy” rating and issued a $11.00 target price on shares of Nexeo Solutions in a research note on Friday, November 10th.
Shares of Nexeo Solutions (NASDAQ:NXEO) traded up $0.05 on Friday, hitting $8.93. 78,349 shares of the stock traded hands, compared to its average volume of 210,497. Nexeo Solutions has a 52 week low of $6.74 and a 52 week high of $10.13. The firm has a market cap of $796.90, a price-to-earnings ratio of 46.74, a price-to-earnings-growth ratio of 0.97 and a beta of 0.40. The company has a current ratio of 1.94, a quick ratio of 1.32 and a debt-to-equity ratio of 60.15.
Nexeo Solutions (NASDAQ:NXEO) last posted its earnings results on Wednesday, December 6th. The basic materials company reported $0.18 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates 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 analyst estimates of $881.70 million. research analysts anticipate that Nexeo Solutions will post 0.58 EPS for the current year.
In other Nexeo Solutions news, insider Brian Herington purchased 50,000 shares of the stock in a transaction dated Tuesday, December 12th. The stock was bought at an average price of $8.35 per share, for a total transaction of $417,500.00. The purchase was disclosed in a legal filing with the SEC, which is available through the SEC website. 0.57% of the stock is owned by insiders.
Several large investors have recently modified their holdings of the company. Schwab Charles Investment Management Inc. grew its position in shares of Nexeo Solutions by 41.6% during the 2nd quarter. Schwab Charles Investment Management Inc. now owns 150,756 shares of the basic materials company’s stock worth $1,252,000 after buying an additional 44,316 shares during the period. Rhumbline Advisers acquired a new position in shares of Nexeo Solutions in the 2nd quarter valued at about $229,000. Bank of New York Mellon Corp lifted its holdings in shares of Nexeo Solutions by 32.3% in the 2nd quarter. Bank of New York Mellon Corp now owns 319,972 shares of the basic materials company’s stock valued at $2,656,000 after buying an additional 78,087 shares during the period. Teachers Advisors LLC acquired a new position in shares of Nexeo Solutions in the 2nd quarter valued at about $392,000. Finally, TIAA CREF Investment Management LLC acquired a new position in shares of Nexeo Solutions in the 2nd quarter valued at about $555,000. Institutional investors own 95.08% 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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