Neogen Co. (NASDAQ:NEOG) Director James L. Herbert sold 5,000 shares of the firm’s stock in a transaction dated Wednesday, July 17th. The stock was sold at an average price of $65.00, for a total transaction of $325,000.00. Following the completion of the transaction, the director now owns 626,484 shares in the company, valued at $40,721,460. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink.
NEOG stock opened at $63.97 on Friday. Neogen Co. has a fifty-two week low of $50.60 and a fifty-two week high of $97.38. The business has a 50-day moving average price of $60.75. The firm has a market cap of $3.37 billion, a PE ratio of 52.87, a PEG ratio of 5.32 and a beta of 1.34.
A number of research analysts have recently issued reports on NEOG shares. BidaskClub downgraded shares of Westport Fuel Systems from a “buy” rating to a “hold” rating in a research report on Friday. Guggenheim reaffirmed a “buy” rating and issued a $95.00 price objective (up previously from $90.00) on shares of VF in a report on Thursday, May 23rd. Finally, Zacks Investment Research cut shares of Gold Resource from a “hold” rating to a “sell” rating in a report on Friday, June 21st. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating and two have issued a buy rating to the stock. The company has a consensus rating of “Hold” and a consensus price target of $65.38.
Neogen Company Profile
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.
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