Nexeo Solutions (NXEO) Raised to “Hold” at Zacks Investment Research
Zacks Investment Research upgraded shares of Nexeo Solutions (NASDAQ:NXEO) from a sell rating to a hold rating in a research note published on Saturday.
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. “
A number of other brokerages have also weighed in on NXEO. Jefferies Group LLC restated a hold rating and issued a $8.50 price objective (down from $9.50) on shares of Nexeo Solutions in a report on Thursday, August 10th. Credit Suisse Group decreased their price objective on shares of Nexeo Solutions from $10.00 to $8.50 and set a neutral rating for the company in a report on Friday, August 11th.
Nexeo Solutions (NASDAQ NXEO) opened at 7.14 on Friday. Nexeo Solutions has a one year low of $6.74 and a one year high of $9.94. The firm’s 50-day moving average price is $7.43 and its 200 day moving average price is $8.42. The company has a market capitalization of $636.97 million and a price-to-earnings ratio of 57.58.
ILLEGAL ACTIVITY WARNING: “Nexeo Solutions (NXEO) Raised to “Hold” at Zacks Investment Research” was published by The Cerbat Gem and is owned by of The Cerbat Gem. If you are viewing this piece on another website, it was copied illegally and republished in violation of United States and international trademark & copyright law. The original version of this piece can be accessed at https://www.thecerbatgem.com/2017/09/19/nexeo-solutions-nxeo-raised-to-hold-at-zacks-investment-research.html.
In other Nexeo Solutions news, major shareholder Park West Asset Management Llc sold 204,766 shares of the business’s stock in a transaction on Monday, June 26th. The shares were sold at an average price of $8.19, for a total transaction of $1,677,033.54. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, major shareholder Select Maple Fund L.P. Fpa bought 162,190 shares of the firm’s stock in a transaction on Monday, August 21st. The shares were bought at an average price of $7.30 per share, with a total value of $1,183,987.00. The disclosure for this purchase can be found here. Over the last quarter, insiders have acquired 807,700 shares of company stock valued at $5,802,958 and have sold 2,222,562 shares valued at $18,127,522. 0.07% of the stock is currently owned by insiders.
Institutional investors and hedge funds have recently made changes to their positions in the business. Voya Investment Management LLC purchased a new stake in Nexeo Solutions during the 2nd quarter valued at $106,000. Nationwide Fund Advisors purchased a new stake in Nexeo Solutions during the 2nd quarter valued at $121,000. Symphony Asset Management LLC raised its stake in Nexeo Solutions by 4.2% during the 2nd quarter. Symphony Asset Management LLC now owns 20,346 shares of the basic materials company’s stock valued at $169,000 after buying an additional 815 shares during the last quarter. The Manufacturers Life Insurance Company purchased a new stake in Nexeo Solutions during the 2nd quarter valued at $174,000. Finally, Trexquant Investment LP purchased a new stake in Nexeo Solutions during the 2nd quarter valued at $213,000. Institutional investors and hedge funds own 94.07% of the company’s stock.
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.
For more information about research offerings from Zacks Investment Research, visit Zacks.com
Receive News & Stock Ratings for Nexeo Solutions Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Nexeo Solutions and related stocks with our FREE daily email newsletter.