Neo Performance Materials (TSE:NEO) Stock Price Expected to Rise, Stifel Nicolaus Analyst Says

Neo Performance Materials (TSE:NEO) had its target price lifted by investment analysts at Stifel Nicolaus from C$25.50 to C$26.00 in a report released on Friday,BayStreet.CA reports. The brokerage currently has a “buy” rating on the stock. Stifel Nicolaus’ price target points to a potential upside of 9.66% from the company’s previous close.

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 note on Friday, February 20th. Three investment analysts have rated the stock with a Buy rating, Based on data from MarketBeat, Neo Performance Materials has an average rating of “Buy” and a consensus target price of C$28.00.

Neo Performance Materials Stock Up 2.2%

Shares of NEO opened at C$23.71 on Friday. Neo Performance Materials has a 12 month low of C$9.00 and a 12 month high of C$29.57. The firm’s 50 day moving average is C$23.25 and its 200-day moving average is C$19.95. The stock has a market capitalization of C$986.31 million, a PE ratio of -98.79 and a beta of 1.45. The company has a current ratio of 1.83, a quick ratio of 1.92 and a debt-to-equity ratio of 27.06.

Neo Performance Materials (TSE:NEO) last announced its earnings results on Thursday, March 19th. The company reported C$0.01 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$157.96 million for the quarter. Equities research analysts forecast that Neo Performance Materials will post 0.6753356 EPS for the current year.

Insider Transactions at Neo Performance Materials

In related news, insider Kevin Morris sold 20,000 shares of Neo Performance Materials stock in a transaction that occurred 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 ownership of the stock. 22.38% of the stock is owned by company insiders.

Neo Performance Materials Company Profile

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.