Nexeo Solutions (NXEO) Receiving Somewhat Positive Media Coverage, Report Shows

Media headlines about Nexeo Solutions (NASDAQ:NXEO) have been trending somewhat positive recently, according to Accern. The research group identifies positive and negative media coverage by reviewing more than 20 million news and blog sources in real time. Accern ranks coverage of public companies on a scale of negative one to one, with scores closest to one being the most favorable. Nexeo Solutions earned a news impact score of 0.11 on Accern’s scale. Accern also assigned media coverage about the basic materials company an impact score of 45.7042169030507 out of 100, meaning that recent media coverage is somewhat unlikely to have an effect on the stock’s share price in the immediate future.

Shares of Nexeo Solutions (NASDAQ:NXEO) opened at $9.79 on Wednesday. The company has a current ratio of 1.94, a quick ratio of 1.32 and a debt-to-equity ratio of 60.15. Nexeo Solutions has a 1-year low of $6.74 and a 1-year high of $10.13. The stock has a market cap of $878.57, a price-to-earnings ratio of 51.53, a price-to-earnings-growth ratio of 1.05 and a beta of 0.37.

Nexeo Solutions (NASDAQ:NXEO) last issued its earnings results on Wednesday, December 6th. The basic materials company reported $0.18 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.16 by $0.02. Nexeo Solutions had a net margin of 0.40% and a return on equity of 20.02%. The business had revenue of $981.70 million for the quarter, compared to analysts’ expectations of $881.70 million. equities research analysts forecast that Nexeo Solutions will post 0.58 earnings per share for the current fiscal year.

Several research firms recently commented on NXEO. ValuEngine upgraded Nexeo Solutions from a “hold” rating to a “buy” rating in a research note on Sunday, December 31st. Zacks Investment Research downgraded Nexeo Solutions from a “hold” rating to a “sell” rating in a research note on Wednesday, December 27th. Jefferies Group reissued a “hold” rating and set a $8.50 target price on shares of Nexeo Solutions in a report on Thursday, October 19th. Finally, SunTrust Banks reissued a “buy” rating and set a $11.00 target price on shares of Nexeo Solutions in a report on Friday, November 10th. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating and two have issued a buy rating to the company. The stock has a consensus rating of “Hold” and an average price target of $9.33.

In other Nexeo Solutions news, insider Brian Herington bought 50,000 shares of the stock in a transaction on Tuesday, December 12th. The shares were acquired at an average price of $8.35 per share, with a total value of $417,500.00. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Insiders own 0.57% 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.

Insider Buying and Selling by Quarter for Nexeo Solutions (NASDAQ:NXEO)

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