Nexeo Solutions (NASDAQ:NXEO) has been given a consensus rating of “Hold” by the six analysts that are currently covering the firm, Marketbeat Ratings reports. One research analyst has rated the stock with a sell rating, three have given a hold rating and two have issued a buy rating on the company. The average twelve-month target price among analysts that have updated their coverage on the stock in the last year is $11.17.
Several research analysts have recently weighed in on the company. Zacks Investment Research raised Nexeo Solutions from a “hold” rating to a “buy” rating and set a $12.00 price objective for the company in a research report on Wednesday, April 11th. Jefferies Group upgraded Nexeo Solutions from a “hold” rating to a “buy” rating and set a $14.00 target price for the company in a research note on Monday, March 26th. ValuEngine downgraded Nexeo Solutions from a “buy” rating to a “hold” rating in a research note on Thursday, May 3rd. Finally, Deutsche Bank started coverage on Nexeo Solutions in a research note on Wednesday, March 7th. They issued a “hold” rating for the company.
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Shares of Nexeo Solutions traded down $0.08, hitting $9.59, during mid-day trading on Monday, Marketbeat Ratings reports. The company’s stock had a trading volume of 81,388 shares, compared to its average volume of 305,364. Nexeo Solutions has a 52 week low of $6.74 and a 52 week high of $11.14. The company has a current ratio of 2.10, a quick ratio of 1.37 and a debt-to-equity ratio of 1.02. The firm has a market cap of $867.80 million, a PE ratio of 29.06, a price-to-earnings-growth ratio of 0.70 and a beta of 0.35.
Nexeo Solutions (NASDAQ:NXEO) last posted its quarterly earnings data on Wednesday, May 9th. The basic materials company reported $0.14 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.19 by ($0.05). Nexeo Solutions had a return on equity of 11.16% and a net margin of 1.30%. The business had revenue of $1.04 billion during the quarter, compared to the consensus estimate of $996.84 million. analysts forecast that Nexeo Solutions will post 0.71 earnings per share for the current year.
Several institutional investors and hedge funds have recently modified their holdings of the company. Park West Asset Management LLC grew its stake in shares of Nexeo Solutions by 0.4% in the 4th quarter. Park West Asset Management LLC now owns 7,049,027 shares of the basic materials company’s stock valued at $54,632,000 after buying an additional 31,528 shares during the period. Vaughan Nelson Investment Management L.P. acquired a new stake in shares of Nexeo Solutions in the 1st quarter valued at about $18,111,000. BlackRock Inc. grew its stake in shares of Nexeo Solutions by 1.4% in the 1st quarter. BlackRock Inc. now owns 1,541,424 shares of the basic materials company’s stock valued at $16,492,000 after buying an additional 21,412 shares during the period. Thrivent Financial for Lutherans acquired a new stake in shares of Nexeo Solutions in the 1st quarter valued at about $13,883,000. Finally, Millennium Management LLC grew its stake in shares of Nexeo Solutions by 24.4% in the 1st quarter. Millennium Management LLC now owns 680,343 shares of the basic materials company’s stock valued at $7,280,000 after buying an additional 133,442 shares during the period. Institutional investors own 96.02% of the company’s stock.
About Nexeo Solutions
Nexeo Solutions, Inc operates as a chemical and plastic products distributor in North America, Europe, the Middle East, Africa, and Asia. The company operates through Chemicals, Plastics, and Environmental Services segments. It provides approximately 22,000 products used in various industries, including household, industrial and institutional, lubricants, architectural coatings, adhesives, sealants, elastomers, automotive, healthcare, personal care, oil and gas, and construction.