Neo Performance Materials (TSE:NEO) Given New C$17.00 Price Target at Raymond James

Neo Performance Materials (TSE:NEOGet Rating) had its price objective trimmed by Raymond James from C$23.00 to C$17.00 in a research note published on Monday, BayStreet.CA reports. The firm currently has an outperform rating on the stock.

A number of other equities research analysts also recently commented on NEO. Scotiabank dropped their price objective on Neo Performance Materials from C$21.00 to C$16.00 in a report on Monday. Canaccord Genuity Group decreased their target price on Neo Performance Materials from C$18.00 to C$15.00 in a research note on Monday. Cormark set a C$17.00 target price on Neo Performance Materials in a research note on Monday. Finally, Stifel Nicolaus decreased their target price on Neo Performance Materials from C$17.00 to C$15.00 in a research note on Monday.

Neo Performance Materials Trading Down 0.2 %

TSE NEO opened at C$8.97 on Monday. The stock has a 50-day simple moving average of C$11.08 and a 200 day simple moving average of C$12.34. The company has a market capitalization of C$405.34 million and a PE ratio of 5.31. The company has a current ratio of 4.01, a quick ratio of 1.92 and a debt-to-equity ratio of 4.96. Neo Performance Materials has a 12 month low of C$8.72 and a 12 month high of C$22.85.

Neo Performance Materials (TSE:NEOGet Rating) last released its quarterly earnings data on Friday, August 12th. The company reported C$0.50 EPS for the quarter, beating analysts’ consensus estimates of C$0.41 by C$0.09. The company had revenue of C$214.71 million during the quarter, compared to the consensus estimate of C$202.13 million. Research analysts forecast that Neo Performance Materials will post 1.1399999 EPS for the current year.

About Neo Performance Materials

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Neo Performance Materials Inc manufactures and sells rare earth, magnetic powders, magnets, and rare metal-based functional materials in Canada and internationally. The company operates in three segments: Magnequench, Chemicals and Oxides, and Rare Metals. The Magnequench segment produces magnetic powders that are used in bonded and hot deformed fully dense neodymium-iron-boron magnets.

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