Zacks Investment Research Upgrades NEXEO SOLUTIONS (NXEO) to “Hold”
Zacks Investment Research upgraded shares of NEXEO SOLUTIONS (NASDAQ:NXEO) from a sell rating to a hold rating in a research note issued to investors on Wednesday.
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. “
Separately, Jefferies Group LLC reissued a hold rating and issued a $9.50 price target on shares of NEXEO SOLUTIONS in a report on Friday, June 16th. Three research analysts have rated the stock with a hold rating and two have given a buy rating to the stock. The company presently has an average rating of Hold and an average price target of $9.75.
NEXEO SOLUTIONS (NASDAQ NXEO) opened at 8.37 on Wednesday. NEXEO SOLUTIONS has a 12-month low of $7.13 and a 12-month high of $9.94. The firm’s 50-day moving average is $8.33 and its 200 day moving average is $8.91. The stock’s market capitalization is $746.79 million.
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In related news, Director William Waldorf Astor III acquired 10,850 shares of the business’s stock in a transaction on Tuesday, May 16th. The shares were purchased at an average price of $9.05 per share, for a total transaction of $98,192.50. Following the acquisition, the director now owns 31,603 shares in the company, valued at $286,007.15. The transaction 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 126,131 shares of the business’s stock in a transaction dated Friday, May 12th. The stock was sold at an average price of $9.13, for a total value of $1,151,576.03. The disclosure for this sale can be found here. Insiders sold a total of 448,693 shares of company stock valued at $3,844,098 over the last three months. 0.07% of the stock is owned by corporate insiders.
An institutional investor recently bought a new position in NEXEO SOLUTIONS stock. Spark Investment Management LLC acquired a new stake in NEXEO SOLUTIONS (NASDAQ:NXEO) during the second quarter, according to its most recent disclosure with the SEC. The firm acquired 39,700 shares of the basic materials company’s stock, valued at approximately $329,000. 83.98% of the stock is owned by institutional investors and hedge funds.
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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