Nexeo Solutions (NASDAQ:NXEO) Lowered to “Sell” at Zacks Investment Research

Zacks Investment Research cut shares of Nexeo Solutions (NASDAQ:NXEO) from a hold rating to a sell rating in a report published on Tuesday, January 9th.

According to Zacks, “Nexeo Solutions, Inc. distributes chemicals and plastics products. The company’s line of business consists of Chemicals, Plastics and Environmental Services. It operates primarily in North America, Europe, the Middle East and Africa and Asia. Nexeo Solutions, Inc. is based in The Woodlands, Texas. “

NXEO has been the topic of several other reports. SunTrust Banks reaffirmed a buy rating and set a $11.00 price target on shares of Nexeo Solutions in a research report on Friday, November 10th. Jefferies Group reaffirmed a hold rating and set a $8.50 price target on shares of Nexeo Solutions in a research report on Thursday, October 19th. Finally, ValuEngine raised shares of Nexeo Solutions from a hold rating to a buy rating in a research report on Sunday, December 31st. One investment analyst has rated the stock with a sell rating, two have given a hold rating and two have issued a buy rating to the company’s stock. The stock presently has an average rating of Hold and a consensus price target of $9.33.

Shares of Nexeo Solutions (NASDAQ:NXEO) opened at $9.90 on Tuesday. The company has a current ratio of 1.94, a quick ratio of 1.32 and a debt-to-equity ratio of 60.15. Nexeo Solutions has a 1 year low of $6.74 and a 1 year high of $10.13. The stock has a market cap of $888.44, a price-to-earnings ratio of 52.11, a price-to-earnings-growth ratio of 1.05 and a beta of 0.37.

Nexeo Solutions (NASDAQ:NXEO) last posted its quarterly earnings results on Wednesday, December 6th. The basic materials company reported $0.18 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.16 by $0.02. Nexeo Solutions had a net margin of 0.40% and a return on equity of 20.02%. The firm had revenue of $981.70 million for the quarter, compared to analyst estimates of $881.70 million. equities analysts anticipate that Nexeo Solutions will post 0.58 EPS for the current fiscal year.

In related news, insider Brian Herington acquired 50,000 shares of the firm’s stock in a transaction on Tuesday, December 12th. The shares were purchased at an average cost of $8.35 per share, for a total transaction of $417,500.00. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. 0.57% of the stock is owned by insiders.

Several large investors have recently added to or reduced their stakes in NXEO. Voya Investment Management LLC acquired a new position in shares of Nexeo Solutions in the second quarter valued at $106,000. Citadel Advisors LLC acquired a new position in shares of Nexeo Solutions in the third quarter valued at $117,000. Nationwide Fund Advisors acquired a new position in shares of Nexeo Solutions in the second quarter valued at $121,000. Symphony Asset Management LLC increased its holdings in shares of Nexeo Solutions by 4.2% in 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. Finally, The Manufacturers Life Insurance Company acquired a new position in shares of Nexeo Solutions in the second quarter valued at $174,000. Hedge funds and other institutional investors own 95.00% of the company’s stock.

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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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