Neo Performance Materials (TSE:NEO) Reaches New 1-Year High – Should You Buy?

Neo Performance Materials Inc. (TSE:NEO)’s stock price hit a new 52-week high during mid-day trading on Tuesday . The stock traded as high as C$37.85 and last traded at C$37.70, with a volume of 153867 shares traded. The stock had previously closed at C$36.11.

Analyst Ratings Changes

A number of equities research analysts have weighed in on NEO shares. BMO Capital Markets upped their price objective on shares of Neo Performance Materials from C$30.00 to C$38.00 in a report on Thursday, May 14th. Stifel Nicolaus upped their price target on shares of Neo Performance Materials from C$26.00 to C$38.00 in a research note on Wednesday, May 13th. Three investment analysts have rated the stock with a Buy rating, According to MarketBeat.com, the company presently has an average rating of “Buy” and a consensus target price of C$38.00.

Neo Performance Materials Price Performance

The stock has a market capitalization of C$1.73 billion, a P/E ratio of -156.46 and a beta of 1.45. The company has a debt-to-equity ratio of 41.75, a quick ratio of 1.92 and a current ratio of 1.76. The firm has a fifty day moving average price of C$30.99 and a two-hundred day moving average price of C$24.31.

Neo Performance Materials (TSE:NEO) last issued its quarterly earnings data on Tuesday, May 12th. The company reported C$0.47 EPS for the quarter. The company had revenue of C$215.44 million during the quarter. Neo Performance Materials had a negative return on equity of 2.63% and a negative net margin of 2.03%. As a group, analysts expect that Neo Performance Materials Inc. will post 0.6753356 EPS for the current fiscal year.

Neo Performance Materials Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Monday, June 29th. Shareholders of record on Monday, June 29th were paid a dividend of $0.10 per share. This represents a $0.40 dividend on an annualized basis and a dividend yield of 1.1%. The ex-dividend date was Friday, June 19th. Neo Performance Materials’s payout ratio is currently -120.72%.

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.