Shares of Nexeo Solutions Inc (NASDAQ:NXEO) have received a consensus recommendation of “Hold” from the six research firms that are covering the stock, Marketbeat reports. Four analysts have rated the stock with a hold recommendation and two have issued a buy recommendation on the company. The average twelve-month target price among brokerages that have updated their coverage on the stock in the last year is $9.33.
Several equities analysts have recently weighed in on the company. Zacks Investment Research upgraded Nexeo Solutions from a “sell” rating to a “hold” rating in a report on Wednesday, February 7th. ValuEngine upgraded Nexeo Solutions from a “hold” rating to a “buy” rating in a report on Sunday, December 31st. Deutsche Bank began coverage on Nexeo Solutions in a report on Wednesday. They set a “hold” rating on the stock. Finally, SunTrust Banks reissued a “buy” rating and issued a $11.00 target price on shares of Nexeo Solutions in a research report on Friday, November 10th.
Nexeo Solutions (NASDAQ:NXEO) traded up $0.25 during trading hours on Wednesday, hitting $10.23. The stock had a trading volume of 847,745 shares, compared to its average volume of 242,899. Nexeo Solutions has a fifty-two week low of $6.74 and a fifty-two week high of $10.29. The company has a debt-to-equity ratio of 1.05, a current ratio of 2.31 and a quick ratio of 1.46. The company has a market cap of $895.62, a PE ratio of 15.98, a PEG ratio of 0.41 and a beta of 1.21.
In other news, insider Brian Herington bought 50,000 shares of the company’s stock in a transaction that occurred on 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 transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. 0.57% of the stock is currently owned by company insiders.
Institutional investors have recently made changes to their positions in the stock. Gotham Asset Management LLC acquired a new stake in Nexeo Solutions in the 4th quarter valued at approximately $111,000. Voya Investment Management LLC acquired a new position in shares of Nexeo Solutions during the 2nd quarter worth approximately $106,000. Nationwide Fund Advisors acquired a new position in shares of Nexeo Solutions during the 2nd quarter worth approximately $121,000. Citadel Advisors LLC acquired a new position in shares of Nexeo Solutions during the 3rd quarter worth approximately $117,000. Finally, The Manufacturers Life Insurance Company acquired a new position in shares of Nexeo Solutions during the 2nd quarter worth approximately $174,000. 94.72% of the stock is currently owned by institutional investors and hedge funds.
ILLEGAL ACTIVITY NOTICE: “Brokerages Set Nexeo Solutions Inc (NXEO) PT at $9.33” was first reported by Ticker Report and is owned by of Ticker Report. If you are accessing this piece of content on another publication, it was illegally copied and reposted in violation of US & international copyright and trademark laws. The legal version of this piece of content can be viewed at https://www.tickerreport.com/banking-finance/3253686/brokerages-set-nexeo-solutions-inc-nxeo-pt-at-9-33.html.
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.
Receive News & Ratings for Nexeo Solutions Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Nexeo Solutions and related companies with MarketBeat.com's FREE daily email newsletter.