Neogen Corp. Sets New 1-Year High at $64.23 (NEOG)
Neogen Corp. (NASDAQ:NEOG) set a new 52-week high during mid-day trading on Monday, Analyst Ratings News reports. The stock traded as high as $64.23 and last traded at $63.78, with a volume of 41,720 shares. The stock had previously closed at $62.89.
NEOG has been the subject of a number of recent research reports. Analysts at Roth Capital raised their price target on shares of Neogen Corp. from $65.00 to $67.00 in a research note to investors on Wednesday, September 25th. They now have a “buy” rating on the stock. Separately, analysts at Janney Montgomery Scott initiated coverage on shares of Neogen Corp. in a research note to investors on Thursday, August 15th. They set a “neutral” rating on the stock. One analyst has rated the stock with a sell rating, three have assigned a hold rating and one has assigned a buy rating to the company’s stock. Neogen Corp. presently has an average rating of “Hold” and a consensus price target of $57.00.
In other Neogen Corp. news, VP Edward Bradley sold 9,380 shares of the company’s stock on the open market in a transaction dated Thursday, October 10th. The shares were sold at an average price of $61.03, for a total transaction of $572,461.40. Following the completion of the sale, the vice president now directly owns 121,687 shares of the company’s stock, valued at approximately $7,426,558. The sale was disclosed in a document filed with the SEC, which is available at this link.
Neogen Corp. has a 52-week low of $40.45 and a 52-week high of $64.23. The stock’s 50-day moving average is $58.82 and its 200-day moving average is $55.5. The company has a market cap of $1.551 billion and a price-to-earnings ratio of 54.22.
Neogen Corp. (NASDAQ:NEOG) last issued its quarterly earnings data on Tuesday, September 24th. The company reported $0.32 EPS for the quarter, meeting the Thomson Reuters consensus estimate of $0.32. The company had revenue of $58.55 million for the quarter, compared to the consensus estimate of $56.15 million. During the same quarter in the prior year, the company posted $0.28 earnings per share. The company’s quarterly revenue was up 17.7% on a year-over-year basis. On average, analysts predict that Neogen Corp. will post $1.30 earnings per share for the current fiscal year.
Neogen Corporation (NASDAQ:NEOG), together with its subsidiaries, develops, manufactures, and markets a diverse line of products dedicated to food and animal safety.
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