Somewhat Favorable News Coverage Somewhat Unlikely to Affect Nexeo Solutions (NXEO) Stock Price
Press coverage about Nexeo Solutions (NASDAQ:NXEO) has been trending somewhat positive on Wednesday, Accern reports. The research group scores the sentiment of media coverage by reviewing more than twenty million news and blog sources in real time. Accern ranks coverage of publicly-traded companies on a scale of negative one to one, with scores closest to one being the most favorable. Nexeo Solutions earned a media sentiment score of 0.15 on Accern’s scale. Accern also assigned press coverage about the basic materials company an impact score of 45.4974294442645 out of 100, indicating that recent media coverage is somewhat unlikely to have an impact on the company’s share price in the next few days.
Here are some of the news stories that may have effected Accern Sentiment Analysis’s analysis:
- Nexeo Solutions to Be Commercial Source For The Mackstat® And Paragon® Preservatives (finance.yahoo.com)
- Nexeo Solutions to Distribute Vydyne® PA66 From Ascend (finance.yahoo.com)
- NEXEO SOLUTIONS (NXEO) Downgraded by Zacks Investment Research (americanbankingnews.com)
- Nexeo Solutions (NXEO) Stock Rating Upgraded by ValuEngine (americanbankingnews.com)
- Nexeo Solutions, Inc.: Nexeo Solutions and Yparex Sign New Distribution Agreement in Europe (finanznachrichten.de)
Nexeo Solutions (NASDAQ:NXEO) remained flat at $7.60 during midday trading on Wednesday. The company had a trading volume of 24,943 shares. The company’s 50-day moving average is $7.30 and its 200-day moving average is $8.20. The stock has a market cap of $678.01 million and a PE ratio of 61.29. Nexeo Solutions has a 52 week low of $6.74 and a 52 week high of $9.94.
A number of equities research analysts have commented on the stock. Zacks Investment Research downgraded shares of Nexeo Solutions from a “hold” rating to a “sell” rating in a research report on Wednesday, July 12th. Jefferies Group LLC reaffirmed a “hold” rating and issued a $8.50 target price on shares of Nexeo Solutions in a research report on Friday, September 15th. ValuEngine raised shares of Nexeo Solutions from a “hold” rating to a “buy” rating in a research report on Friday, October 13th. Finally, Credit Suisse Group cut their target price on shares of Nexeo Solutions from $10.00 to $8.50 and set a “neutral” rating for the company in a research report on Friday, August 11th. One analyst has rated the stock with a sell rating, two have assigned a hold rating and two have given a buy rating to the company’s stock. Nexeo Solutions currently has an average rating of “Hold” and an average target price of $9.00.
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In other Nexeo Solutions news, major shareholder Select Maple Fund L.P. Fpa acquired 162,190 shares of the business’s stock in a transaction dated Monday, August 21st. The shares were purchased at an average price of $7.30 per share, for a total transaction of $1,183,987.00. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, major shareholder Select Fund Ii L.P. Fpa acquired 18,700 shares of the business’s stock in a transaction dated Tuesday, September 12th. The stock was acquired at an average price of $7.13 per share, for a total transaction of $133,331.00. The disclosure for this purchase can be found here. In the last ninety days, insiders acquired 807,700 shares of company stock valued at $5,802,958 and sold 2,017,796 shares valued at $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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