Neogen CEO James L. Herbert Sells 10,000 Shares (NEOG)
Neogen (NASDAQ:NEOG) CEO James L. Herbert sold 10,000 shares of Neogen stock in a transaction dated Tuesday, July 29th. The stock was sold at an average price of $44.17, for a total value of $441,700.00. Following the sale, the chief executive officer now directly owns 890,113 shares in the company, valued at approximately $39,316,291. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link.
A number of analysts have recently weighed in on NEOG shares. Analysts at Stephens upgraded shares of Neogen from an “equal weight” rating to an “overweight” rating in a research note on Wednesday, July 23rd. Separately, analysts at Craig Hallum upgraded shares of Neogen from a “hold” rating to a “buy” rating in a research note on Wednesday, July 23rd. Finally, analysts at William Blair initiated coverage on shares of Neogen in a research note on Thursday, June 5th. They set a “market perform” rating on the stock. They noted that the move was a valuation call. Two equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and an average price target of $49.03.
Neogen (NASDAQ:NEOG) traded up 2.10% during mid-day trading on Wednesday, hitting $44.79. 157,233 shares of the company’s stock traded hands. Neogen has a 52 week low of $35.4067 and a 52 week high of $51.22. The stock’s 50-day moving average is $40.29 and its 200-day moving average is $41.42. The company has a market cap of $1.645 billion and a price-to-earnings ratio of 58.03.
Neogen (NASDAQ:NEOG) last issued its quarterly earnings data on Tuesday, July 22nd. The company reported $0.20 earnings per share for the quarter, missing the analysts’ consensus estimate of $0.22 by $0.02. The company had revenue of $67.30 million for the quarter, compared to the consensus estimate of $66.36 million. During the same quarter last year, the company posted $0.29 earnings per share. Neogen’s revenue was up 20.2% compared to the same quarter last year. On average, analysts predict that Neogen will post $0.92 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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