Neo Performance Materials Inc. (TSE:NEO – Get Free Report) reached a new 52-week high during mid-day trading on Tuesday . The stock traded as high as C$33.31 and last traded at C$33.20, with a volume of 263535 shares traded. The stock had previously closed at C$31.35.
Wall Street Analyst Weigh In
Several analysts recently issued reports on NEO shares. Stifel Nicolaus increased their price target on shares of Neo Performance Materials from C$26.00 to C$38.00 in a research report on Wednesday, May 13th. BMO Capital Markets increased their price target on shares of Neo Performance Materials from C$30.00 to C$38.00 in a research report on Thursday, May 14th. Three analysts have rated the stock with a Buy rating, Based on data from MarketBeat, Neo Performance Materials currently has an average rating of “Buy” and a consensus target price of C$38.00.
Read Our Latest Stock Analysis on Neo Performance Materials
Neo Performance Materials Price Performance
Neo Performance Materials (TSE:NEO – Get Free Report) last issued its earnings results on Tuesday, May 12th. The company reported C$0.47 earnings per share for the quarter. Neo Performance Materials had a negative net margin of 2.03% and a negative return on equity of 2.63%. The firm had revenue of C$215.44 million for the quarter. Research analysts expect that Neo Performance Materials Inc. will post 0.6753356 earnings per share for the current year.
Insiders Place Their Bets
In other Neo Performance Materials news, insider Kevin Morris sold 20,000 shares of the firm’s stock in a transaction that occurred on Monday, March 23rd. The shares were sold at an average price of C$22.99, for a total value of C$459,800.00. Following the sale, the insider owned 105,966 shares in the company, valued at C$2,436,158.34. This trade represents a 15.88% decrease in their ownership of the stock. 22.38% of the stock is owned by corporate insiders.
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.
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