Neo Performance Materials (TSE:NEO) Given New C$26.00 Price Target at Stifel Nicolaus

Neo Performance Materials (TSE:NEO) had its target price hoisted by Stifel Nicolaus from C$25.50 to C$26.00 in a report released on Friday,BayStreet.CA reports. The firm currently has a buy rating on the stock.

Separately, BMO Capital Markets set a C$30.00 price objective on Neo Performance Materials and gave the company an “outperform” rating in a report on Friday, February 20th. Three investment analysts have rated the stock with a Buy rating, Based on data from MarketBeat.com, the stock currently has a consensus rating of “Buy” and an average price target of C$28.00.

Neo Performance Materials Trading Up 2.2%

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

Neo Performance Materials (TSE:NEO) last released its quarterly earnings data on Thursday, March 19th. The company reported C$0.01 EPS for the quarter. Neo Performance Materials had a negative return on equity of 2.55% and a negative net margin of 2.13%.The firm had revenue of C$157.96 million for the quarter. As a group, equities research analysts expect that Neo Performance Materials will post 0.6753356 EPS for the current year.

Insider Buying and Selling

In other Neo Performance Materials news, insider Kevin Morris sold 20,000 shares of the company’s stock in a transaction on Monday, March 23rd. The stock was sold at an average price of C$22.99, for a total transaction of C$459,800.00. Following the transaction, the insider directly owned 105,966 shares in the company, valued at C$2,436,158.34. This 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.