Neo Performance Materials (TSE:NEO) Given New C$38.00 Price Target at Stifel Nicolaus

Neo Performance Materials (TSE:NEO) had its target price raised by equities research analysts at Stifel Nicolaus from C$26.00 to C$38.00 in a note issued to investors on Wednesday,BayStreet.CA reports. Stifel Nicolaus’ price objective indicates a potential upside of 22.34% from the stock’s current price.

Separately, BMO Capital Markets set a C$30.00 price objective on shares of Neo Performance Materials and gave the company an “outperform” rating in a research report on Friday, February 20th. Three investment analysts have rated the stock with a Buy rating, According to data from MarketBeat.com, Neo Performance Materials has an average rating of “Buy” and an average target price of C$34.00.

Neo Performance Materials Stock Up 1.8%

Shares of TSE:NEO traded up C$0.55 during trading hours on Wednesday, reaching C$31.06. The stock had a trading volume of 148,231 shares, compared to its average volume of 257,603. Neo Performance Materials has a 1 year low of C$9.00 and a 1 year high of C$32.72. The firm’s 50 day moving average is C$24.40 and its 200-day moving average is C$20.55. The company has a debt-to-equity ratio of 27.06, a quick ratio of 1.92 and a current ratio of 1.83. The stock has a market capitalization of C$1.29 billion, a price-to-earnings ratio of -129.42 and a beta of 1.46.

Neo Performance Materials (TSE:NEO) last announced its quarterly earnings data on Tuesday, May 12th. The company reported C$0.47 EPS for the quarter. Neo Performance Materials had a negative net margin of 2.13% and a negative return on equity of 2.55%. The company had revenue of C$215.44 million for the quarter. Research analysts predict that Neo Performance Materials will post 0.6753356 earnings per share for the current fiscal year.

Insider Activity at Neo Performance Materials

In related news, insider Kevin Morris sold 20,000 shares of the stock in a transaction on Monday, March 23rd. The shares were sold at an average price of C$22.99, for a total value of C$459,800.00. Following the transaction, the insider directly owned 105,966 shares of the company’s stock, valued at C$2,436,158.34. This trade represents a 15.88% decrease in their position. 22.38% of the stock is owned by company insiders.

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.