ValuEngine Upgrades Nexeo Solutions (NXEO) to Buy
ValuEngine upgraded shares of Nexeo Solutions (NASDAQ:NXEO) from a hold rating to a buy rating in a research report report published on Thursday.
Several other research firms also recently weighed in on NXEO. Zacks Investment Research downgraded Nexeo Solutions from a hold rating to a sell rating in a research report on Tuesday, January 9th. SunTrust Banks reaffirmed a buy rating and issued a $11.00 target price on shares of Nexeo Solutions in a research report on Friday, November 10th. Three analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. Nexeo Solutions has an average rating of Hold and an average price target of $9.33.
Nexeo Solutions (NXEO) traded up $0.20 during midday trading on Thursday, reaching $9.72. The company’s stock had a trading volume of 126,289 shares, compared to its average volume of 241,865. The firm has a market cap of $872.28, a P/E ratio of 17.05, a P/E/G ratio of 0.40 and a beta of 1.21. The company has a debt-to-equity ratio of 1.05, a quick ratio of 1.46 and a current ratio of 2.31. Nexeo Solutions has a 52 week low of $6.74 and a 52 week high of $10.13.
In related news, insider Brian Herington acquired 50,000 shares of the stock in a transaction dated Tuesday, December 12th. The stock was acquired at an average cost of $8.35 per share, with a total value of $417,500.00. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Insiders own 0.57% of the company’s stock.
Institutional investors have recently made changes to their positions in the company. Gotham Asset Management LLC acquired a new position in shares of Nexeo Solutions during the fourth quarter worth about $111,000. Voya Investment Management LLC acquired a new position in shares of Nexeo Solutions during the second quarter worth about $106,000. Nationwide Fund Advisors acquired a new position in shares of Nexeo Solutions during the second quarter worth about $121,000. Citadel Advisors LLC acquired a new position in shares of Nexeo Solutions during the third quarter worth about $117,000. Finally, The Manufacturers Life Insurance Company acquired a new position in shares of Nexeo Solutions during the second quarter worth about $174,000. 94.95% of the stock is owned by institutional investors and hedge funds.
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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