Neo Performance Materials (TSE:NEO) Given New C$60.00 Price Target at BMO Capital Markets

Neo Performance Materials (TSE:NEO) had its price target hoisted by stock analysts at BMO Capital Markets from C$43.00 to C$60.00 in a research report issued to clients and investors on Monday,BayStreet.CA reports. BMO Capital Markets’ price objective would suggest a potential upside of 43.51% from the company’s previous close.

NEO has been the topic of a number of other reports. Stifel Nicolaus raised their price objective on shares of Neo Performance Materials from C$26.00 to C$38.00 in a research note on Wednesday, May 13th. ATB Cormark Capital Markets upped their target price on shares of Neo Performance Materials from C$43.00 to C$53.50 and gave the company an “outperform” rating in a research report on Friday. Four investment analysts have rated the stock with a Buy rating, According to data from MarketBeat, the company has an average rating of “Buy” and a consensus price target of C$50.50.

Neo Performance Materials Stock Performance

Neo Performance Materials stock remained flat at C$41.81 during trading hours on Monday. 225,717 shares of the company’s stock were exchanged, compared to its average volume of 287,063. The company has a market cap of C$1.92 billion, a price-to-earnings ratio of -174.21 and a beta of 1.44. The company has a debt-to-equity ratio of 41.75, a current ratio of 1.76 and a quick ratio of 1.92. Neo Performance Materials has a 52 week low of C$15.23 and a 52 week high of C$43.03. The business’s fifty day moving average price is C$33.35 and its 200 day moving average price is C$25.71.

Neo Performance Materials (TSE:NEO) last issued its quarterly earnings results on Tuesday, May 12th. The company reported C$0.47 EPS for the quarter. The company had revenue of C$215.44 million during the quarter. Neo Performance Materials had a negative net margin of 2.03% and a negative return on equity of 2.63%. Analysts predict that Neo Performance Materials will post 0.6753356 EPS for the current year.

About Neo Performance Materials

Neo manufactures the building blocks of many modern technologies that enhance efficiency and sustainability. Neo’s advanced industrial materials – magnetic powders, rare earth magnets, magnetic assemblies, specialty chemicals, metals, and alloys – are critical to the performance of many everyday products and emerging technologies. Neo’s products fast-forward technologies for the net-zero transition. The business of Neo is organized along three segments: Magnequench, Chemicals & Oxides and Rare Metals.