Headlines about Nexeo Solutions (NASDAQ:NXEO) have been trending positive on Friday, Accern reports. The research group identifies positive and negative press 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 positive one, with scores nearest to one being the most favorable. Nexeo Solutions earned a news sentiment score of 0.25 on Accern’s scale. Accern also gave news coverage about the basic materials company an impact score of 47.0033948523037 out of 100, meaning that recent press coverage is somewhat unlikely to have an impact on the stock’s share price in the near term.
Here are some of the media stories that may have effected Accern’s analysis:
- Analysts Anticipate Nexeo Solutions (NXEO) to Post $0.20 Earnings Per Share (americanbankingnews.com)
- Nexeo Solutions (NASDAQ:NXEO) Earns Hold Rating from Jefferies Group LLC (americanbankingnews.com)
- Nexeo Solutions Inc : Investor Network: Nexeo Solutions, Inc. to Host Earnings Call (4-traders.com)
- Nexeo Solutions’ (NXEO) CEO David Bradley on Q3 2017 Results – Earnings Call Transcript (seekingalpha.com)
- Edited Transcript of NXEO earnings conference call or presentation 9-Aug-17 2:00pm GMT (finance.yahoo.com)
A number of equities analysts have weighed in on NXEO shares. Credit Suisse Group cut their target price on shares of Nexeo Solutions from $10.00 to $8.50 and set a “neutral” rating on the stock in a research note on Friday. Jefferies Group LLC reissued a “hold” rating and issued a $8.50 target price (down previously from $9.50) on shares of Nexeo Solutions in a research note on Thursday. Finally, Zacks Investment Research raised shares of Nexeo Solutions from a “sell” rating to a “hold” rating in a research note on Wednesday, July 26th. Three equities research analysts have rated the stock with a hold rating and two have given a buy rating to the company. The company presently has an average rating of “Hold” and a consensus price target of $9.50.
Nexeo Solutions (NASDAQ NXEO) traded down 2.47% on Friday, reaching $7.51. 183,905 shares of the company’s stock were exchanged. The firm has a market capitalization of $576.34 million and a price-to-earnings ratio of 60.56. The firm has a 50-day moving average of $8.22 and a 200-day moving average of $8.83. Nexeo Solutions has a 12 month low of $7.13 and a 12 month high of $9.94.
In other news, insider Park West Asset Management Llc sold 2,000,000 shares of the stock in a transaction on Monday, July 31st. The stock was sold at an average price of $8.15, for a total transaction of $16,300,000.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director William Waldorf Astor III bought 10,850 shares of the business’s stock in a transaction on Tuesday, May 16th. The stock was bought at an average price of $9.05 per share, with a total value of $98,192.50. Following the purchase, the director now owns 31,603 shares in the company, valued at $286,007.15. The disclosure for this purchase can be found here. Insiders have sold a total of 2,322,562 shares of company stock valued at $18,992,522 in the last quarter. 0.07% of the stock is owned by corporate insiders.
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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.
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