Neo Performance Materials (TSE:NEO) Stock Price Expected to Rise, ATB Cormark Capital Markets Analyst Says

Neo Performance Materials (TSE:NEO) had its price target lifted by stock analysts at ATB Cormark Capital Markets from C$37.50 to C$43.00 in a report issued on Tuesday,BayStreet.CA reports. The brokerage currently has an “outperform” rating on the stock. ATB Cormark Capital Markets’ price target suggests a potential upside of 14.61% from the company’s previous close.

Other equities analysts also recently issued reports about the stock. Stifel Nicolaus boosted their target price on shares of Neo Performance Materials from C$26.00 to C$38.00 in a report on Wednesday, May 13th. BMO Capital Markets boosted their target price on shares of Neo Performance Materials from C$30.00 to C$38.00 in a research report on Thursday, May 14th. Four investment analysts have rated the stock with a Buy rating, According to MarketBeat, the stock presently has an average rating of “Buy” and a consensus price target of C$39.67.

Neo Performance Materials Trading Up 3.9%

TSE:NEO traded up C$1.41 during mid-day trading on Tuesday, hitting C$37.52. The company had a trading volume of 176,491 shares, compared to its average volume of 275,603. Neo Performance Materials has a fifty-two week low of C$14.20 and a fifty-two week high of C$37.85. The firm has a market cap of C$1.73 billion, a P/E ratio of -156.33 and a beta of 1.45. The company has a debt-to-equity ratio of 41.75, a quick ratio of 1.92 and a current ratio of 1.76. The business’s fifty day moving average is C$30.99 and its two-hundred day moving average is C$24.31.

Neo Performance Materials (TSE:NEO) last posted its earnings results on Tuesday, May 12th. The company reported C$0.47 earnings per share (EPS) for the quarter. The business had revenue of C$215.44 million during the quarter. Neo Performance Materials had a negative return on equity of 2.63% and a negative net margin of 2.03%. As a group, research analysts expect that Neo Performance Materials will post 0.6753356 earnings per share for the current year.

Neo Performance Materials Company Profile

Neo manufactures the building blocks of many modern technologies that enhance efficiency and sustainability. Neo’s advanced industrial materials – magnetic powders, rare earth magnets, magnetic assemblies, specialty chemicals, metals, and alloys – are critical to the performance of many everyday products and emerging technologies. Neo’s products fast-forward technologies for the net-zero transition. The business of Neo is organized along three segments: Magnequench, Chemicals & Oxides and Rare Metals.