Nexeo Solutions Inc Gets a Hold Rating from Jefferies

By Ryan Adsit

In a report released yesterday, Laurence Alexander from Jefferies reiterated a Hold rating on Nexeo Solutions Inc (NASDAQ: NXEO), with a price target of $9.50. The company’s shares closed yesterday at $8.78.

According to TipRanks.com, Alexander is a 5-star analyst with an average return of 10.3% and a 63.6% success rate. Alexander covers the Basic Materials sector, focusing on stocks such as Air Products and Chemicals, Commercial Metals Company, and Sherwin-Williams Company.

Nexeo Solutions Inc has an analyst consensus of Hold, with a price target consensus of $9.50.

The company has a one year high of $9.94 and a one year low of $7.13. Currently, Nexeo Solutions Inc has an average volume of 95.2K.

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Nexeo Solutions, Inc. is a distributor of chemicals products, which 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. Its services also include on-site and off-site environmental services, including waste collection, recovery, arrangement for disposal services and recycling. It operates through the following segments: Chemicals, Plastics, and Environmental Services. The Chemicals segment distributes specialty and industrial chemicals, additives and solvents to industrial users via railcars, barges, bulk tanker trucks, and as packaged goods in trucks. The Plastics segment offers a product line consisting of commodity polymer products and prime engineering resins to plastics processors engaged in blow molding, extrusion, injection molding, and rotation molding via railcars, bulk trucks, truckload boxes, and less-than-truckload quantities. The Environmental Services segment engages in customers with comprehensive on-site and off-site hazardous and non-hazardous waste collection, recovery, and arrangement for disposal services or recycling. The company was founded on March 24, 2014 and is headquartered in The Woodlands, TX.