Media stories about Nexeo Solutions (NASDAQ:NXEO) have trended somewhat positive on Wednesday, according to Accern Sentiment Analysis. The research firm identifies negative and positive news coverage by monitoring more than twenty million blog and news sources in real-time. Accern ranks coverage of companies on a scale of negative one to positive one, with scores closest to one being the most favorable. Nexeo Solutions earned a media sentiment score of 0.14 on Accern’s scale. Accern also gave media headlines about the basic materials company an impact score of 44.9751017746156 out of 100, indicating that recent news coverage is somewhat unlikely to have an impact on the company’s share price in the near term.
Nexeo Solutions (NASDAQ:NXEO) opened at $7.56 on Wednesday. The company has a market cap of $684.24 and a price-to-earnings ratio of 19.64. Nexeo Solutions has a fifty-two week low of $6.74 and a fifty-two week high of $9.94. The company has a debt-to-equity ratio of -96.10, a quick ratio of 1.35 and a current ratio of 2.14.
Several research firms have issued reports on NXEO. Zacks Investment Research raised Nexeo Solutions from a “sell” rating to a “hold” rating in a report on Wednesday, July 26th. SunTrust Banks, Inc. reaffirmed a “buy” rating and issued a $11.00 price target on shares of Nexeo Solutions in a report on Friday, November 10th. Credit Suisse Group cut their target price on shares of Nexeo Solutions from $10.00 to $8.50 and set a “neutral” rating on the stock in a research note on Friday, August 11th. Jefferies Group LLC reissued a “hold” rating and set a $8.50 target price (down from $9.50) on shares of Nexeo Solutions in a research note on Thursday, August 10th. Finally, ValuEngine upgraded shares of Nexeo Solutions from a “hold” rating to a “buy” rating in a report on Friday, October 13th. Three investment analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. The stock has a consensus rating of “Hold” and an average target price of $9.33.
In other news, major shareholder Select Fund Ii L.P. Fpa bought 18,700 shares of the business’s stock in a transaction on Tuesday, September 12th. The stock was purchased at an average price of $7.13 per share, with a total value of $133,331.00. The acquisition was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, major shareholder Select Maple Fund L.P. Fpa bought 251,310 shares of the business’s stock in a transaction on Thursday, August 31st. The shares were purchased at an average cost of $7.00 per share, with a total value of $1,759,170.00. The disclosure for this purchase can be found here. Insiders purchased 727,700 shares of company stock valued at $5,211,758 over the last quarter. 0.07% of the stock is currently owned by corporate insiders.
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.
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