Media headlines about Nexeo Solutions (NASDAQ:NXEO) have been trending somewhat positive on Sunday, according to Accern. Accern ranks the sentiment of press coverage by analyzing more than twenty million blog and news sources in real-time. Accern ranks coverage of publicly-traded companies on a scale of -1 to 1, with scores closest to one being the most favorable. Nexeo Solutions earned a daily sentiment score of 0.23 on Accern’s scale. Accern also gave media stories about the basic materials company an impact score of 45.3653926359286 out of 100, indicating that recent press coverage is somewhat unlikely to have an effect on the company’s share price in the immediate future.
Several equities analysts have recently weighed in on the company. Jefferies Group LLC reissued a “hold” rating and set a $9.50 price target on shares of Nexeo Solutions in a report on Friday, June 16th. Zacks Investment Research raised Nexeo Solutions from a “sell” rating to a “hold” rating in a report on Wednesday, July 26th. Finally, Credit Suisse Group lowered their price target on Nexeo Solutions from $10.00 to $8.50 and set a “neutral” rating on the stock in a report on Friday, August 11th.
Nexeo Solutions (NASDAQ:NXEO) traded up 1.67% during trading on Friday, hitting $7.31. The stock had a trading volume of 163,349 shares. The stock has a market cap of $652.14 million and a price-to-earnings ratio of 58.95. Nexeo Solutions has a 12 month low of $6.74 and a 12 month high of $9.94. The firm has a 50 day moving average of $7.40 and a 200-day moving average of $8.41.
In other news, insider Park West Asset Management Llc sold 2,000,000 shares of Nexeo Solutions stock in a transaction on Monday, July 31st. The shares were 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 can be accessed through this hyperlink. Also, insider David A. Bradley acquired 80,000 shares of the stock in a transaction dated Tuesday, August 15th. The shares were bought at an average price of $7.39 per share, with a total value of $591,200.00. Following the completion of the purchase, the insider now directly owns 135,000 shares of the company’s stock, valued at approximately $997,650. The disclosure for this purchase can be found here. Over the last quarter, insiders have bought 807,700 shares of company stock valued at $5,802,958 and have sold 2,222,562 shares valued at $18,127,522. Insiders own 0.07% 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.
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