ValuEngine Upgrades Neogen (NEOG) to “Buy”

ValuEngine upgraded shares of Neogen (NASDAQ:NEOG) from a hold rating to a buy rating in a research note published on Monday.

A number of other research firms also recently issued reports on NEOG. Zacks Investment Research downgraded shares of Neogen from a buy rating to a hold rating in a report on Wednesday, December 6th. Stephens reaffirmed a hold rating and set a $65.00 price objective (up from $62.00) on shares of Neogen in a report on Monday, March 26th. BidaskClub raised shares of Neogen from a buy rating to a strong-buy rating in a report on Thursday, March 15th. Roth Capital began coverage on shares of Neogen in a report on Tuesday, December 5th. They set a neutral rating and a $61.50 price objective for the company. Finally, Craig Hallum lifted their price objective on shares of Neogen from $46.50 to $60.00 and gave the stock a hold rating in a report on Thursday, December 7th. Five investment analysts have rated the stock with a hold rating, one has given a buy rating and one has issued a strong buy rating to the company. Neogen presently has a consensus rating of Hold and an average price target of $65.25.

How to Become a New Pot Stock Millionaire

Shares of NASDAQ NEOG traded down $0.49 during mid-day trading on Monday, reaching $67.86. 29,224 shares of the company were exchanged, compared to its average volume of 193,167. Neogen has a 52 week low of $44.63 and a 52 week high of $68.69. The company has a market capitalization of $3,469.99, a P/E ratio of 59.93, a P/E/G ratio of 4.06 and a beta of 1.27.

Neogen (NASDAQ:NEOG) last posted its quarterly earnings data on Thursday, March 22nd. The company reported $0.32 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.24 by $0.08. Neogen had a net margin of 14.82% and a return on equity of 11.49%. The company had revenue of $95.90 million during the quarter, compared to the consensus estimate of $97.93 million. During the same period in the previous year, the firm posted $0.27 EPS. The firm’s revenue was up 8.5% compared to the same quarter last year. sell-side analysts predict that Neogen will post 1.1 earnings per share for the current fiscal year.

In other Neogen news, CFO Steven J. Quinlan sold 2,000 shares of the business’s stock in a transaction on Wednesday, February 21st. The shares were sold at an average price of $60.15, for a total value of $120,300.00. Following the completion of the sale, the chief financial officer now directly owns 15,470 shares of the company’s stock, valued at $930,520.50. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Thomas H. Reed sold 6,000 shares of the business’s stock in a transaction on Friday, March 23rd. The stock was sold at an average price of $62.47, for a total transaction of $374,820.00. Following the completion of the sale, the director now directly owns 19,375 shares of the company’s stock, valued at $1,210,356.25. The disclosure for this sale can be found here. Insiders sold 77,382 shares of company stock valued at $4,645,383 over the last three months. 4.20% of the stock is currently owned by insiders.

A number of institutional investors have recently bought and sold shares of NEOG. Sei Investments Co. lifted its stake in Neogen by 23.1% in the third quarter. Sei Investments Co. now owns 10,649 shares of the company’s stock worth $824,000 after purchasing an additional 1,999 shares during the last quarter. Russell Investments Group Ltd. lifted its stake in Neogen by 3.0% in the third quarter. Russell Investments Group Ltd. now owns 33,512 shares of the company’s stock worth $2,596,000 after purchasing an additional 979 shares during the last quarter. Ameriprise Financial Inc. lifted its stake in Neogen by 9.2% in the third quarter. Ameriprise Financial Inc. now owns 406,464 shares of the company’s stock worth $31,486,000 after purchasing an additional 34,188 shares during the last quarter. American International Group Inc. raised its stake in shares of Neogen by 5.7% during the third quarter. American International Group Inc. now owns 29,523 shares of the company’s stock valued at $2,287,000 after acquiring an additional 1,601 shares during the last quarter. Finally, Legal & General Group Plc raised its stake in shares of Neogen by 2.7% during the third quarter. Legal & General Group Plc now owns 75,156 shares of the company’s stock valued at $5,820,000 after acquiring an additional 1,971 shares during the last quarter. 67.69% of the stock is owned by institutional investors and hedge funds.

COPYRIGHT VIOLATION WARNING: “ValuEngine Upgrades Neogen (NEOG) to “Buy”” was originally posted by Ticker Report and is the property of of Ticker Report. If you are reading this report on another site, it was illegally stolen and republished in violation of United States & international copyright and trademark legislation. The original version of this report can be viewed at https://www.tickerreport.com/banking-finance/3335425/valuengine-upgrades-neogen-neog-to-buy.html.

About Neogen

Neogen Corporation, together with its subsidiaries, develops, manufactures, and markets various products for food and animal safety worldwide. It operates through two segments, Food Safety and Animal Safety. The Food Safety segment primarily offers diagnostic test kits and complementary to detect dangerous and/or unintended substances in human food and animal feed, such as foodborne pathogens, spoilage organisms, natural toxins, food allergens, genetic modifications, ruminant by-products, meat speciation, drug residues, pesticide residues, and general sanitation concerns; and AccuPoint Advanced rapid sanitation test for adenosine triphosphate, a chemical found in living cells.

To view ValuEngine’s full report, visit ValuEngine’s official website.

Receive News & Ratings for Neogen Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Neogen and related companies with MarketBeat.com's FREE daily email newsletter.

Latest News

Q2 2018 Earnings Estimate for East West Bancorp  Issued By Wedbush
Q2 2018 Earnings Estimate for East West Bancorp Issued By Wedbush
KeyCorp Analysts Increase Earnings Estimates for Gulfport Energy Co.
KeyCorp Analysts Increase Earnings Estimates for Gulfport Energy Co.
Brokers Set Expectations for KeyCorp’s Q2 2018 Earnings
Brokers Set Expectations for KeyCorp’s Q2 2018 Earnings
SunTrust Banks Comments on PacWest Banc’s Q2 2018 Earnings
SunTrust Banks Comments on PacWest Banc’s Q2 2018 Earnings
Brokers Set Expectations for Signature Bank’s Q2 2018 Earnings
Brokers Set Expectations for Signature Bank’s Q2 2018 Earnings
Northfield Bancorp  Scheduled to Post Quarterly Earnings on Tuesday
Northfield Bancorp Scheduled to Post Quarterly Earnings on Tuesday


© 2006-2018 Ticker Report. Google+.