Key Points
- Insider sale: Director Kevin Morris sold 20,000 NEO shares on March 23 at C$22.99 for C$459,800, cutting his stake by 15.88% to 105,966 shares valued at about C$2.44 million.
- Market position and analyst view: NEO trades near C$22.46 with a 50-day MA of C$22.42 and 200-day MA of C$19.53, a market cap of C$934.3M and a one‑year range of C$7.41–C$29.57; analysts rate the stock a "Buy" with a consensus target of C$26.50.
- Recent financials: Q1 results showed C$0.01 EPS on C$157.96M revenue, with a negative net margin (-2.13%) and ROE (-2.55%), while analysts expect about C$0.675 EPS for the current year.
Neo Performance Materials Inc. (TSE:NEO - Get Free Report) insider Kevin Morris sold 20,000 shares of the company's stock in a transaction dated Monday, March 23rd. The shares were sold at an average price of C$22.99, for a total transaction of C$459,800.00. Following the sale, the insider directly owned 105,966 shares of the company's stock, valued at C$2,436,158.34. This represents a 15.88% decrease in their ownership of the stock.
Neo Performance Materials Stock Performance
Shares of NEO opened at C$22.46 on Friday. The company has a 50-day moving average of C$22.42 and a two-hundred day moving average of C$19.53. The stock has a market cap of C$934.31 million, a price-to-earnings ratio of -93.58 and a beta of 1.25. The company has a debt-to-equity ratio of 27.06, a current ratio of 1.83 and a quick ratio of 1.92. Neo Performance Materials Inc. has a one year low of C$7.41 and a one year high of C$29.57.
Neo Performance Materials (TSE:NEO - Get Free Report) last released its quarterly earnings results on Thursday, March 19th. The company reported C$0.01 earnings per share (EPS) for the quarter. The business had revenue of C$157.96 million for the quarter. Neo Performance Materials had a negative net margin of 2.13% and a negative return on equity of 2.55%. On average, equities research analysts expect that Neo Performance Materials Inc. will post 0.6753356 earnings per share for the current year.
Analysts Set New Price Targets
Several analysts have recently commented on NEO shares. Stifel Nicolaus raised their target price on 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. BMO Capital Markets set a C$30.00 price objective on Neo Performance Materials and gave the stock an "outperform" rating in a research note on Friday, February 20th. Three equities research analysts have rated the stock with a Buy rating, According to data from MarketBeat.com, Neo Performance Materials currently has an average rating of "Buy" and a consensus price target of C$26.50.
View Our Latest Research Report on Neo Performance Materials
About Neo Performance Materials
(
Get Free Report)
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.
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