Neo Performance Materials (TSE:NEO) Given New C$23.00 Price Target at Stifel Nicolaus

Neo Performance Materials (TSE:NEO) had its price objective boosted by analysts at Stifel Nicolaus from C$22.50 to C$23.00 in a report released on Friday,BayStreet.CA reports. The brokerage presently has a “buy” rating on the stock. Stifel Nicolaus’ price target indicates a potential upside of 16.75% from the company’s current price.

Neo Performance Materials Stock Up 4.7%

Shares of TSE NEO traded up C$0.89 during trading on Friday, hitting C$19.70. 84,007 shares of the company traded hands, compared to its average volume of 232,676. The firm has a market capitalization of C$819.50 million, a price-to-earnings ratio of -123.13 and a beta of 0.88. The business’s fifty day moving average is C$17.62 and its 200 day moving average is C$17.85. The company has a debt-to-equity ratio of 10.65, a quick ratio of 1.92 and a current ratio of 2.59. Neo Performance Materials has a fifty-two week low of C$7.18 and a fifty-two week high of C$23.60.

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