Stifel Nicolaus Increases Neo Performance Materials (TSE:NEO) Price Target to C$23.00

Neo Performance Materials (TSE:NEO) had its price objective hoisted by stock analysts at Stifel Nicolaus from C$22.50 to C$23.00 in a research report issued on Friday,BayStreet.CA reports. The brokerage currently has a “buy” rating on the stock. Stifel Nicolaus’ price objective suggests a potential upside of 16.93% from the stock’s previous close.

Neo Performance Materials Trading Up 4.6%

Shares of Neo Performance Materials stock opened at C$19.67 on Friday. The firm has a market cap of C$818.25 million, a PE ratio of -122.94 and a beta of 0.88. Neo Performance Materials has a 1 year low of C$7.18 and a 1 year high of C$23.60. The company has a debt-to-equity ratio of 10.65, a current ratio of 2.59 and a quick ratio of 1.92. The stock has a fifty day moving average price of C$17.67 and a 200-day moving average price of C$17.88.

Neo Performance Materials (TSE:NEO) last posted its quarterly earnings results on Friday, November 14th. The company reported C$0.20 earnings per share for the quarter. Neo Performance Materials had a negative net margin of 0.48% and a negative return on equity of 0.53%. The company had revenue of C$122.21 million during the quarter. Equities research analysts anticipate that Neo Performance Materials will post 0.6753356 EPS for the current year.

About Neo Performance Materials

Neo Performance Materials Inc is engaged in the innovation, development, processing, and manufacturing of rare earth and rare metal-based functional materials. Its operating segments include Magnequench, Chemicals & Oxides, Rare Metals, and Corporate. The Magnequench segment produces magnetic powders used in bonded and hot-deformed, fully dense neodymium-iron-boron magnets. The Chemicals & Oxides segment manufactures and distributes a broad range of advanced industrial materials. The Rare Metals segment produces specialty metals and their compounds, such as tantalum, niobium, hafnium, rhenium, gallium, and indium.