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

Neo Performance Materials (TSE:NEO) has been assigned a C$30.00 price target by equities researchers at BMO Capital Markets in a research note issued to investors on Friday,BayStreet.CA reports. The firm currently has an “outperform” rating on the stock. BMO Capital Markets’ price target would suggest a potential upside of 30.49% from the stock’s current price.

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

Neo Performance Materials Price Performance

Shares of TSE NEO traded up C$1.52 during mid-day trading on Friday, hitting C$22.99. 228,593 shares of the company’s stock traded hands, compared to its average volume of 220,252. The company has a debt-to-equity ratio of 10.65, a current ratio of 2.59 and a quick ratio of 1.92. Neo Performance Materials has a 1 year low of C$7.18 and a 1 year high of C$23.60. The company’s 50-day moving average is C$18.40 and its two-hundred day moving average is C$18.16. The company has a market capitalization of C$956.36 million, a P/E ratio of -143.69 and a beta of 0.88.

Neo Performance Materials (TSE:NEO) last released its quarterly earnings results on Friday, November 14th. The company reported C$0.20 EPS for the quarter. The company 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%. On average, equities analysts anticipate 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.