Shares of Nexeo Solutions (NASDAQ:NXEO) have earned a consensus broker rating score of 1.00 (Strong Buy) from the two brokers that cover the company, Zacks Investment Research reports. Two research analysts have rated the stock with a strong buy recommendation. Nexeo Solutions’ rating score has improved by 40.1% in the last three months as a result of various analysts’ upgrades and downgrades.

Brokers have set a 1 year consensus target price of $10.83 for the company and are predicting that the company will post $0.03 EPS for the current quarter, according to Zacks. Zacks has also given Nexeo Solutions an industry rank of 34 out of 265 based on the ratings given to related companies.

Several research analysts recently commented on NXEO shares. ValuEngine upgraded Nexeo Solutions from a “hold” rating to a “buy” rating in a research note on Friday, October 13th. SunTrust Banks reiterated a “buy” rating and issued a $11.00 price target on shares of Nexeo Solutions in a research note on Friday, November 10th. Zacks Investment Research upgraded Nexeo Solutions from a “sell” rating to a “hold” rating in a research note on Wednesday, October 4th. Finally, Jefferies Group reiterated a “hold” rating and issued a $8.50 price target on shares of Nexeo Solutions in a research note on Friday, September 15th.

Shares of Nexeo Solutions (NASDAQ NXEO) traded down $0.04 during midday trading on Friday, hitting $8.86. The stock had a trading volume of 154,700 shares, compared to its average volume of 156,666. The company has a debt-to-equity ratio of 60.15, a current ratio of 1.94 and a quick ratio of 1.32. Nexeo Solutions has a 52 week low of $6.74 and a 52 week high of $9.94. The stock has a market capitalization of $787.93 and a P/E ratio of 19.09.

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

In other news, insider Brian Herington acquired 50,000 shares of the business’s stock in a transaction on Tuesday, December 12th. The shares were purchased at an average price of $8.35 per share, for a total transaction of $417,500.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Corporate insiders own 0.57% of the company’s stock.

A number of hedge funds and other institutional investors have recently made changes to their positions in NXEO. State Street Corp raised its stake in Nexeo Solutions by 497.3% during the second quarter. State Street Corp now owns 319,541 shares of the basic materials company’s stock valued at $2,650,000 after buying an additional 266,041 shares in the last quarter. Walthausen & Co. LLC raised its stake in Nexeo Solutions by 20.9% during the third quarter. Walthausen & Co. LLC now owns 1,500,676 shares of the basic materials company’s stock valued at $10,955,000 after buying an additional 259,250 shares in the last quarter. Northern Trust Corp raised its stake in Nexeo Solutions by 181.9% during the second quarter. Northern Trust Corp now owns 352,317 shares of the basic materials company’s stock valued at $2,924,000 after buying an additional 227,351 shares in the last quarter. Dimensional Fund Advisors LP acquired a new stake in Nexeo Solutions during the third quarter valued at approximately $1,257,000. Finally, Engine Capital Management LLC acquired a new stake in Nexeo Solutions during the third quarter valued at approximately $838,000. Hedge funds and other institutional investors own 95.00% of the company’s stock.

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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.

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