SunTrust Banks downgraded shares of Nexeo Solutions (NASDAQ:NXEO) from a buy rating to a hold rating in a report issued on Tuesday morning, The Fly reports.

Separately, Zacks Investment Research raised shares of Nexeo Solutions from a sell rating to a hold rating in a research report on Tuesday, July 17th. Four equities research analysts have rated the stock with a hold rating and one has assigned a buy rating to the company. The company presently has a consensus rating of Hold and an average price target of $12.00.

Shares of NXEO opened at $11.49 on Tuesday. Nexeo Solutions has a fifty-two week low of $6.99 and a fifty-two week high of $11.55. The company has a market capitalization of $900.93 million, a PE ratio of 34.82, a price-to-earnings-growth ratio of 0.72 and a beta of 0.39. The company has a debt-to-equity ratio of 0.98, a current ratio of 2.15 and a quick ratio of 1.41.

Nexeo Solutions (NASDAQ:NXEO) last announced its quarterly earnings results on Monday, August 6th. The basic materials company reported $0.31 earnings per share for the quarter, topping the consensus estimate of $0.19 by $0.12. Nexeo Solutions had a net margin of 1.45% and a return on equity of 8.13%. The firm had revenue of $1.05 billion during the quarter, compared to analysts’ expectations of $994.50 million. equities analysts expect that Nexeo Solutions will post 0.72 EPS for the current year.

Several hedge funds and other institutional investors have recently bought and sold shares of the stock. Swiss National Bank raised its stake in shares of Nexeo Solutions by 12.5% during the 1st quarter. Swiss National Bank now owns 49,535 shares of the basic materials company’s stock worth $530,000 after acquiring an additional 5,500 shares in the last quarter. Bank of New York Mellon Corp raised its stake in shares of Nexeo Solutions by 1.9% during the 2nd quarter. Bank of New York Mellon Corp now owns 343,055 shares of the basic materials company’s stock worth $3,131,000 after acquiring an additional 6,331 shares in the last quarter. Rhumbline Advisers raised its stake in shares of Nexeo Solutions by 41.0% during the 2nd quarter. Rhumbline Advisers now owns 33,490 shares of the basic materials company’s stock worth $306,000 after acquiring an additional 9,741 shares in the last quarter. C M Bidwell & Associates Ltd. bought a new position in shares of Nexeo Solutions during the 1st quarter worth approximately $109,000. Finally, RMB Capital Management LLC bought a new position in shares of Nexeo Solutions during the 1st quarter worth approximately $128,000. Hedge funds and other institutional investors own 93.73% of the company’s stock.

Nexeo Solutions Company Profile

Nexeo Solutions, Inc operates as a chemical and plastic products distributor in North America, Europe, the Middle East, Africa, and Asia. The company operates through Chemicals, Plastics, and Environmental Services segments. It provides approximately 22,000 products used in various industries, including household, industrial and institutional, lubricants, architectural coatings, adhesives, sealants, elastomers, automotive, healthcare, personal care, oil and gas, and construction.

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