Zacks Investment Research Lowers Nexeo Solutions (NXEO) to Sell

Zacks Investment Research lowered shares of Nexeo Solutions (NASDAQ:NXEO) from a hold rating to a sell rating in a research report released on Tuesday morning.

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 equities analysts also recently issued reports on NXEO. Jefferies Group reaffirmed a hold rating and set a $8.50 price objective on shares of Nexeo Solutions in a report on Friday, September 15th. ValuEngine raised shares of Nexeo Solutions from a hold rating to a buy rating in a report on Friday, October 13th. Finally, SunTrust Banks reaffirmed a buy rating and set a $11.00 price objective on shares of Nexeo Solutions in a report on Friday, November 10th. One research analyst has rated the stock with a sell rating, two have given a hold rating and two have issued a buy rating to the company. The stock presently has a consensus rating of Hold and a consensus price target of $9.33.

Nexeo Solutions (NXEO) traded up $0.07 on Tuesday, reaching $9.94. 250,700 shares of the company’s stock were exchanged, compared to its average volume of 347,712. The company has a quick ratio of 1.32, a current ratio of 1.94 and a debt-to-equity ratio of 60.15. The stock has a market cap of $892.93, a P/E ratio of 52.32, a price-to-earnings-growth ratio of 1.02 and a beta of 0.37. Nexeo Solutions has a 1 year low of $6.74 and a 1 year high of $10.13.

Nexeo Solutions (NASDAQ:NXEO) last posted its quarterly earnings data on Wednesday, December 6th. The basic materials company reported $0.18 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.16 by $0.02. The firm had revenue of $981.70 million for the quarter, compared to the consensus estimate of $881.70 million. Nexeo Solutions had a net margin of 0.40% and a return on equity of 20.02%. sell-side analysts forecast that Nexeo Solutions will post 0.58 EPS for the current fiscal year.

In related news, insider Brian Herington purchased 50,000 shares of the business’s stock in a transaction that occurred on Tuesday, December 12th. The shares were bought at an average cost of $8.35 per share, with a total value of $417,500.00. The acquisition was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. 0.57% of the stock is owned by insiders.

Large investors have recently modified their holdings of the stock. Schwab Charles Investment Management Inc. boosted its holdings in shares of Nexeo Solutions by 41.6% in the 2nd quarter. Schwab Charles Investment Management Inc. now owns 150,756 shares of the basic materials company’s stock worth $1,252,000 after buying an additional 44,316 shares during the last quarter. Walthausen & Co. LLC boosted its holdings in shares of Nexeo Solutions by 20.9% in the 3rd quarter. Walthausen & Co. LLC now owns 1,500,676 shares of the basic materials company’s stock worth $10,955,000 after buying an additional 259,250 shares during the last quarter. TIAA CREF Investment Management LLC purchased a new position in shares of Nexeo Solutions in the 2nd quarter worth about $555,000. Teachers Advisors LLC purchased a new position in shares of Nexeo Solutions in the 2nd quarter worth about $392,000. Finally, Reinhart Partners Inc. boosted its holdings in shares of Nexeo Solutions by 20.8% in the 3rd quarter. Reinhart Partners Inc. now owns 464,990 shares of the basic materials company’s stock worth $3,394,000 after buying an additional 80,200 shares during the last quarter. 95.00% of the stock is currently owned by institutional investors.

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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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