Nexeo Solutions (NXEO) Insider Buys $417,500.00 in Stock
Nexeo Solutions (NASDAQ:NXEO) insider Brian Herington bought 50,000 shares of Nexeo Solutions stock in a transaction dated Tuesday, December 12th. The stock was acquired at an average cost of $8.35 per share, with a total value of $417,500.00. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link.
Nexeo Solutions (NXEO) traded up $0.39 during midday trading on Wednesday, reaching $8.48. 285,500 shares of the company traded hands, compared to its average volume of 150,385. The stock has a market capitalization of $726.01 and a PE ratio of 17.59. Nexeo Solutions has a 52-week low of $6.74 and a 52-week high of $9.94. The company has a quick ratio of 1.32, a current ratio of 1.94 and a debt-to-equity ratio of 60.15.
Nexeo Solutions (NASDAQ:NXEO) last posted its quarterly earnings results on Wednesday, December 6th. The basic materials company reported $0.18 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.16 by $0.02. The firm had revenue of $981.70 million during the quarter, compared to analysts’ expectations of $881.70 million. Nexeo Solutions had a net margin of 0.40% and a return on equity of 20.02%. equities research analysts predict that Nexeo Solutions will post 0.58 earnings per share for the current year.
A number of equities research analysts have recently commented on NXEO shares. SunTrust Banks reaffirmed a “buy” rating and issued a $11.00 target price on shares of Nexeo Solutions in a report on Friday, November 10th. Zacks Investment Research cut shares of Nexeo Solutions from a “hold” rating to a “sell” rating in a report on Friday, September 8th. Jefferies Group reaffirmed a “hold” rating and issued a $8.50 target price on shares of Nexeo Solutions in a report on Thursday, October 19th. Finally, ValuEngine raised shares of Nexeo Solutions from a “hold” rating to a “buy” rating in a report on Friday, October 13th. Three investment analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. The stock has a consensus rating of “Hold” and an average target price of $9.33.
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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