Neo Performance Materials (TSE:NEO) Price Target Raised to C$55.00

Neo Performance Materials (TSE:NEO) had its target price upped by Stifel Nicolaus from C$49.00 to C$55.00 in a report published on Wednesday,BayStreet.CA reports. They currently have a buy rating on the stock.

Several other equities research analysts also recently weighed in on NEO. BMO Capital Markets increased their price target on Neo Performance Materials from C$43.00 to C$60.00 in a report on Monday, July 13th. ATB Cormark Capital Markets boosted their price objective on Neo Performance Materials from C$43.00 to C$53.50 and gave the company an “outperform” rating in a report on Friday, July 10th. Four analysts have rated the stock with a Buy rating, According to data from MarketBeat, Neo Performance Materials has a consensus rating of “Buy” and a consensus target price of C$56.17.

Neo Performance Materials Stock Performance

Shares of TSE:NEO opened at C$36.57 on Wednesday. The company has a current ratio of 2.06, a quick ratio of 1.92 and a debt-to-equity ratio of 34.03. Neo Performance Materials has a 12 month low of C$15.31 and a 12 month high of C$47.19. The company has a market capitalization of C$1.68 billion, a price-to-earnings ratio of -152.38 and a beta of 1.44. The firm’s 50-day moving average is C$36.83 and its 200 day moving average is C$29.24.

Neo Performance Materials (TSE:NEO) last announced its quarterly earnings data on Tuesday, August 11th. The company reported C$0.73 earnings per share (EPS) for the quarter. Neo Performance Materials had a net margin of 0.15% and a return on equity of 0.21%. The business had revenue of C$292.32 million during the quarter. Research analysts predict that Neo Performance Materials will post 0.6753356 EPS for the current year.

Neo Performance Materials Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Monday, June 29th. Investors of record on Monday, June 29th were issued a dividend of $0.10 per share. The ex-dividend date was Friday, June 19th. This represents a $0.40 dividend on an annualized basis and a yield of 1.1%. Neo Performance Materials’s dividend payout ratio (DPR) is presently -120.72%.

About Neo Performance Materials

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.