NEXEO SOLUTIONS (NXEO) Upgraded at ValuEngine
ValuEngine upgraded shares of NEXEO SOLUTIONS (NASDAQ:NXEO) from a hold rating to a buy rating in a research note issued to investors on Friday.
Several other equities analysts have also weighed in on the stock. Zacks Investment Research upgraded shares of NEXEO SOLUTIONS from a sell rating to a hold rating in a research report on Wednesday, July 26th. Jefferies Group LLC restated a hold rating and set a $9.50 price target on shares of NEXEO SOLUTIONS in a research report on Friday, June 16th. Finally, Credit Suisse Group reduced their price target on shares of NEXEO SOLUTIONS from $10.00 to $8.50 and set a neutral rating for the company in a research report on Friday, August 11th. One equities 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 stock. NEXEO SOLUTIONS currently has an average rating of Hold and an average target price of $9.00.
NEXEO SOLUTIONS (NASDAQ:NXEO) opened at 7.60 on Friday. NEXEO SOLUTIONS has a 52-week low of $6.74 and a 52-week high of $9.94. The company has a 50-day moving average of $7.30 and a 200-day moving average of $8.20. The company has a market cap of $678.01 million and a P/E ratio of 61.29.
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In related news, major shareholder Select Fund Ii L.P. Fpa purchased 18,700 shares of NEXEO SOLUTIONS stock in a transaction that occurred on Tuesday, September 12th. The stock was bought at an average price of $7.13 per share, for a total transaction of $133,331.00. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Park West Asset Management Llc sold 2,000,000 shares of the stock in a transaction dated Monday, July 31st. The shares were sold at an average price of $8.15, for a total transaction of $16,300,000.00. The disclosure for this sale can be found here. In the last 90 days, insiders have purchased 807,700 shares of company stock valued at $5,802,958 and have sold 2,017,796 shares valued at $16,450,488. 0.07% of the stock is currently owned by corporate insiders.
Institutional investors and hedge funds have recently bought and sold shares of the stock. Voya Investment Management LLC bought a new position in NEXEO SOLUTIONS during the second quarter valued at about $106,000. Nationwide Fund Advisors purchased a new stake in NEXEO SOLUTIONS during the second quarter valued at about $121,000. Symphony Asset Management LLC lifted its holdings in NEXEO SOLUTIONS by 4.2% during the second quarter. Symphony Asset Management LLC now owns 20,346 shares of the basic materials company’s stock valued at $169,000 after purchasing an additional 815 shares during the last quarter. The Manufacturers Life Insurance Company purchased a new stake in NEXEO SOLUTIONS during the second quarter valued at about $174,000. Finally, Trexquant Investment LP purchased a new stake in NEXEO SOLUTIONS during the second quarter valued at about $213,000. Institutional investors own 94.07% of the company’s stock.
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.
To view ValuEngine’s full report, visit ValuEngine’s official website.
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