Neo Performance Materials (TSE:NEO) Given a C$30.00 Price Target by BMO Capital Markets Analysts

Neo Performance Materials (TSE:NEO) received a C$30.00 target price from investment analysts at BMO Capital Markets in a research report issued on Friday, MarketBeat.com reports. The firm currently has an “outperform” rating on the stock. BMO Capital Markets’ price target would suggest a potential upside of 30.83% from the company’s previous close.

Separately, Stifel Nicolaus boosted their target price on Neo Performance Materials from C$22.50 to C$23.00 and gave the company a “buy” rating in a research report on Friday, February 6th. Three research analysts have rated the stock with a Buy rating, Based on data from MarketBeat, the stock has an average rating of “Buy” and a consensus price target of C$26.50.

Neo Performance Materials Stock Up 6.8%

Neo Performance Materials stock opened at C$22.93 on Friday. The company has a market capitalization of C$953.87 million, a PE ratio of -143.31 and a beta of 0.88. Neo Performance Materials has a 12-month low of C$7.18 and a 12-month high of C$23.60. The firm’s fifty day moving average is C$18.54 and its 200 day moving average is C$18.22. The company has a quick ratio of 1.92, a current ratio of 2.59 and a debt-to-equity ratio of 10.65.

Neo Performance Materials (TSE:NEO) last posted its quarterly earnings results on Friday, November 14th. The company reported C$0.20 EPS for the quarter. Neo Performance Materials had a negative net margin of 0.48% and a negative return on equity of 0.53%. The business had revenue of C$122.21 million during the quarter. As a group, sell-side analysts predict that Neo Performance Materials will post 0.6753356 EPS for the current fiscal 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.