Time to Reconsider Nexeo Solutions, Inc. (NXEO) After Making 52-Week High?

January 9, 2018 - By Maria Brooks

The stock of Nexeo Solutions, Inc. (NASDAQ:NXEO) hit a new 52-week high and has $10.66 target or 8.00 % above today’s $9.87 share price. The 9 months bullish chart indicates low risk for the $885.75 million company. The 1-year high was reported on Jan, 9 by Barchart.com. If the $10.66 price target is reached, the company will be worth $70.86M more.
The 52-week high event is an important milestone for every stock because it shows very positive momentum and is time when buyers come in. During such notable technical setup, fundamental investors usually stay away and are careful shorting or selling the stock.

The stock decreased 0.30% or $0.03 during the last trading session, reaching $9.87. About 121,700 shares traded. Nexeo Solutions, Inc. (NASDAQ:NXEO) has 0.00% since January 9, 2017 and is . It has underperformed by 16.70% the S&P500.

Nexeo Solutions, Inc. (NASDAQ:NXEO) Ratings Coverage

Among 4 analysts covering Nexeo Solutions (NASDAQ:NXEO), 2 have Buy rating, 0 Sell and 2 Hold. Therefore 50% are positive. Nexeo Solutions had 10 analyst reports since September 9, 2016 according to SRatingsIntel. Jefferies initiated Nexeo Solutions, Inc. (NASDAQ:NXEO) on Friday, September 9 with “Hold” rating. The stock has “Hold” rating by Jefferies on Thursday, August 10. The stock of Nexeo Solutions, Inc. (NASDAQ:NXEO) has “Hold” rating given on Thursday, June 15 by Jefferies. The rating was maintained by Jefferies with “Hold” on Tuesday, October 17. The company was initiated on Wednesday, December 7 by Suntrust Robinson. The stock has “Hold” rating by Jefferies on Friday, September 15. The rating was maintained by SunTrust with “Buy” on Thursday, November 9. The stock of Nexeo Solutions, Inc. (NASDAQ:NXEO) earned “Neutral” rating by Credit Suisse on Monday, October 17. Jefferies maintained Nexeo Solutions, Inc. (NASDAQ:NXEO) rating on Wednesday, July 19. Jefferies has “Hold” rating and $9.5000 target.

More notable recent Nexeo Solutions, Inc. (NASDAQ:NXEO) news were published by: Globenewswire.com which released: “Cabot Corporation Selects Nexeo Solutions as Distribution Partner” on October 02, 2017, also Globenewswire.com with their article: “Nexeo Solutions to Be Commercial Source For The Mackstat® And Paragon …” published on October 18, 2017, Globenewswire.com published: “Nexeo Solutions to Distribute Vydyne® PA66 From Ascend” on October 16, 2017. More interesting news about Nexeo Solutions, Inc. (NASDAQ:NXEO) were released by: Globenewswire.com and their article: “Agreement with Shell Enhances Nexeo Solutions Service in the West Region” published on December 18, 2017 as well as Streetinsider.com‘s news article titled: “Nexeo Solutions, Inc. (NXEO) Appoints Dan F. Smith as Chairman of the Board” with publication date: March 06, 2017.

Nexeo Solutions, Inc. operates as a chemical and plastic products distributor in North America, Europe, the Middle East, Africa, and Asia. The company has market cap of $885.75 million. The firm operates through Chemicals, Plastics, and Environmental Services divisions. It has a 52.5 P/E ratio. 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, gas and oil, and construction.

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