Nexeo Solutions (NXEO) Upgraded to Buy at ValuEngine
ValuEngine upgraded shares of Nexeo Solutions (NASDAQ:NXEO) from a hold rating to a buy rating in a report published on Thursday morning.
Several other equities research analysts have also commented on NXEO. Zacks Investment Research upgraded shares of Nexeo Solutions from a sell rating to a hold rating in a report on Wednesday, November 1st. SunTrust Banks restated a buy rating and issued a $11.00 price target on shares of Nexeo Solutions in a report on Friday, November 10th. Three investment analysts have rated the stock with a hold rating and two have given a buy rating to the stock. The company currently has a consensus rating of Hold and a consensus price target of $9.33.
Shares of Nexeo Solutions (NASDAQ NXEO) opened at $9.72 on Thursday. Nexeo Solutions has a twelve month low of $6.74 and a twelve month high of $10.13. 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 $872.29, a PE ratio of 15.19, a PEG ratio of 0.40 and a beta of 1.21.
In other news, insider Brian Herington acquired 50,000 shares of Nexeo Solutions stock in a transaction that occurred on Tuesday, December 12th. The stock was purchased at an average price of $8.35 per share, for a total transaction of $417,500.00. The purchase was disclosed in a legal filing with the SEC, which can be accessed through this link. Insiders own 0.57% of the company’s stock.
Several hedge funds and other institutional investors have recently bought and sold shares of NXEO. Allianz Asset Management GmbH bought a new position in shares of Nexeo Solutions during the 4th quarter worth approximately $5,208,000. Millennium Management LLC raised its stake in shares of Nexeo Solutions by 301.1% during the 4th quarter. Millennium Management LLC now owns 546,901 shares of the basic materials company’s stock worth $4,977,000 after acquiring an additional 410,548 shares in the last quarter. Renaissance Technologies LLC bought a new position in shares of Nexeo Solutions during the 4th quarter worth approximately $2,889,000. State Street Corp raised its stake in shares of Nexeo Solutions by 497.3% during the 2nd quarter. State Street Corp now owns 319,541 shares of the basic materials company’s stock worth $2,650,000 after acquiring an additional 266,041 shares in the last quarter. Finally, Walthausen & Co. LLC raised its stake in shares of Nexeo Solutions by 20.9% during the 3rd quarter. Walthausen & Co. LLC now owns 1,500,676 shares of the basic materials company’s stock worth $10,955,000 after acquiring an additional 259,250 shares in the last quarter. Hedge funds and other institutional investors own 94.72% 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.
To view ValuEngine’s full report, visit ValuEngine’s official website.
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