Neo Performance Materials (TSE:NEO – Get Free Report) had its price objective hoisted by research analysts at Stifel Nicolaus from C$14.50 to C$15.00 in a research report issued to clients and investors on Thursday, BayStreet.CA reports. The brokerage presently has a “buy” rating on the stock. Stifel Nicolaus’ target price indicates a potential upside of 85.87% from the company’s current price.
NEO has been the topic of a number of other research reports. Canaccord Genuity Group increased their price objective on Neo Performance Materials from C$11.00 to C$12.00 and gave the stock a “buy” rating in a report on Tuesday, August 13th. Cormark raised their price target on shares of Neo Performance Materials from C$12.00 to C$12.50 in a report on Wednesday, August 21st.
View Our Latest Report on Neo Performance Materials
Neo Performance Materials Trading Up 3.1 %
Neo Performance Materials (TSE:NEO – Get Free Report) last released its quarterly earnings data on Friday, August 9th. The company reported C$0.16 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of C$0.05 by C$0.11. Neo Performance Materials had a return on equity of 0.85% and a net margin of 0.69%. The firm had revenue of C$147.15 million during the quarter, compared to analysts’ expectations of C$169.30 million. On average, equities analysts expect that Neo Performance Materials will post 0.6753356 EPS for the current fiscal year.
About Neo Performance Materials
Neo Performance Materials Inc engages in the manufacture and sale of rare earth, magnetic powders, magnets, and rare metal-based functional materials in Canada and internationally. The company operates in three segments: Magnequench, Chemicals and Oxides, and Rare Metals. The Magnequench segment produces magnetic powders that are used in bonded and hot deformed fully dense neodymium-iron-boron magnets; and bonded magnets.
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