Positive Press Coverage Somewhat Unlikely to Affect Nexeo Solutions (NXEO) Share Price
News headlines about Nexeo Solutions (NASDAQ:NXEO) have trended positive on Friday, according to Accern. Accern scores the sentiment of press coverage by analyzing more than 20 million blog and news sources. Accern ranks coverage of companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. Nexeo Solutions earned a coverage optimism score of 0.27 on Accern’s scale. Accern also assigned media coverage about the basic materials company an impact score of 45.359667354526 out of 100, meaning that recent press coverage is somewhat unlikely to have an impact on the stock’s share price in the near term.
Nexeo Solutions (NXEO) traded down 0.26% during midday trading on Friday, hitting $7.60. The company had a trading volume of 50,197 shares. Nexeo Solutions has a 52 week low of $6.74 and a 52 week high of $9.94. The stock has a 50 day moving average price of $7.24 and a 200 day moving average price of $8.27. The company has a market capitalization of $678.01 million and a P/E ratio of 61.29.
Several equities analysts have recently issued reports on the company. Zacks Investment Research raised Nexeo Solutions from a “sell” rating to a “hold” rating in a research note on Wednesday. Jefferies Group LLC reissued a “hold” rating and set a $8.50 target price on shares of Nexeo Solutions in a research note on Friday, September 15th. Finally, Credit Suisse Group AG reduced their target price on Nexeo Solutions from $10.00 to $8.50 and set a “neutral” rating on the stock in a research note on Friday, August 11th.
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In other news, major shareholder Select Maple Fund L.P. Fpa acquired 251,310 shares of Nexeo Solutions stock in a transaction on Thursday, August 31st. The shares were bought at an average cost of $7.00 per share, for a total transaction of $1,759,170.00. The purchase was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, major shareholder Park West Asset Management Llc sold 7,796 shares of the firm’s stock in a transaction on Wednesday, July 26th. The stock was sold at an average price of $8.49, for a total value of $66,188.04. The disclosure for this sale can be found here. Over the last 90 days, insiders have acquired 807,700 shares of company stock worth $5,802,958 and have sold 2,017,796 shares worth $16,450,488. Company insiders own 0.07% of the company’s stock.
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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