Nexeo Solutions (NXEO) Receives Daily News Sentiment Rating of 0.10
Media stories about Nexeo Solutions (NASDAQ:NXEO) have trended somewhat positive this week, Accern Sentiment Analysis reports. Accern rates the sentiment of media coverage by analyzing more than twenty million news and blog sources in real-time. Accern ranks coverage of public companies on a scale of -1 to 1, with scores closest to one being the most favorable. Nexeo Solutions earned a news sentiment score of 0.10 on Accern’s scale. Accern also gave media stories about the basic materials company an impact score of 45.9666582173743 out of 100, indicating that recent media coverage is somewhat unlikely to have an impact on the stock’s share price in the near term.
Shares of Nexeo Solutions (NXEO) opened at $9.10 on Tuesday. The firm has a market cap of $816.65, a price-to-earnings ratio of 47.89, a PEG ratio of 0.74 and a beta of 3.29. 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 $9.94.
Nexeo Solutions (NASDAQ:NXEO) last announced its quarterly earnings data on Wednesday, December 6th. The basic materials company reported $0.18 earnings per share for the quarter, beating analysts’ consensus estimates of $0.16 by $0.02. The firm had revenue of $981.70 million for the quarter, compared to analyst estimates of $881.70 million. Nexeo Solutions had a net margin of 0.40% and a return on equity of 20.02%. analysts predict that Nexeo Solutions will post 0.58 EPS for the current fiscal year.
NXEO has been the topic of a number of recent analyst reports. 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. ValuEngine raised Nexeo Solutions from a “hold” rating to a “buy” rating in a research report on Friday, October 13th. Zacks Investment Research raised Nexeo Solutions from a “sell” rating to a “hold” rating in a research report on Wednesday, October 4th. Finally, 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. One analyst has rated the stock with a sell rating, two have given a hold rating and two have issued a buy rating to the stock. The company has an average rating of “Hold” and an average price target of $9.33.
In related news, insider Brian Herington acquired 50,000 shares of the company’s stock in a transaction dated Tuesday, December 12th. The shares were purchased at an average cost of $8.35 per share, with a total value of $417,500.00. The acquisition 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.
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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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