Neogen Corporation (NEOG) Receives Daily News Sentiment Rating of 0.11
Media headlines about Neogen Corporation (NASDAQ:NEOG) have trended somewhat positive this week, according to Accern. Accern ranks the sentiment of news coverage by analyzing more than 20 million news and blog sources in real-time. Accern ranks coverage of public companies on a scale of -1 to 1, with scores closest to one being the most favorable. Neogen Corporation earned a coverage optimism score of 0.11 on Accern’s scale. Accern also assigned news headlines about the company an impact score of 45.662230020367 out of 100, indicating that recent news coverage is somewhat unlikely to have an effect on the stock’s share price in the near term.
These are some of the news headlines that may have effected Accern Sentiment Analysis’s scoring:
- Agricultural Disinfectant Market Future Demand, Growth, Share and Analysis with Forecast 2024 (sbwire.com)
- Neogen : launches DeciMax® Soft Bait (4-traders.com)
- Global Agricultural and Environmental Diagnostics 2017 Industry Trends, Sales, Supply, Demand, Analysis & Forecast to 2022 (sbwire.com)
- Veterinary Diagnostics Market Growth to 2021 at 9.11% CAGR: Key Players and Key Vendors (mynewsdesk.com)
- Neogen launches DeciMax Soft Bait (pressreleasepoint.com)
NEOG has been the topic of a number of recent research reports. BidaskClub upgraded shares of Neogen Corporation from a “hold” rating to a “buy” rating in a research note on Saturday, June 10th. Zacks Investment Research upgraded shares of Neogen Corporation from a “hold” rating to a “buy” rating and set a $72.00 price objective on the stock in a research note on Thursday, July 20th. Finally, CL King initiated coverage on shares of Neogen Corporation in a research note on Friday, July 14th. They set a “neutral” rating on the stock.
Shares of Neogen Corporation (NASDAQ NEOG) opened at 65.28 on Friday. The stock has a market cap of $2.49 billion, a PE ratio of 57.26 and a beta of 1.52. The company’s 50-day moving average is $66.94 and its 200-day moving average is $65.00. Neogen Corporation has a 52-week low of $50.53 and a 52-week high of $69.97.
Neogen Corporation (NASDAQ:NEOG) last posted its quarterly earnings results on Tuesday, July 18th. The company reported $0.32 EPS for the quarter, hitting the consensus estimate of $0.32. Neogen Corporation had a net margin of 12.11% and a return on equity of 9.87%. The company had revenue of $98.80 million during the quarter, compared to analysts’ expectations of $100.80 million. During the same quarter in the previous year, the business posted $0.26 EPS. The firm’s revenue was up 9.7% on a year-over-year basis. Equities analysts anticipate that Neogen Corporation will post $1.30 EPS for the current year.
In other Neogen Corporation news, Director Ronald D. Green sold 4,333 shares of the business’s stock in a transaction that occurred on Tuesday, August 8th. The shares were sold at an average price of $68.49, for a total transaction of $296,767.17. Following the completion of the transaction, the director now owns 3,333 shares in the company, valued at approximately $228,277.17. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director James P. Tobin purchased 500 shares of the stock in a transaction on Thursday, July 27th. The shares were purchased at an average price of $64.64 per share, with a total value of $32,320.00. Following the acquisition, the director now directly owns 3,200 shares in the company, valued at $206,848. The disclosure for this purchase can be found here. Insiders have sold a total of 18,333 shares of company stock valued at $1,246,737 in the last quarter. 4.70% of the stock is currently owned by company insiders.
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About Neogen Corporation
Neogen Corporation develops, manufactures and markets a range of products and services dedicated to food and animal safety. The Company operates through two segments: Food Safety and Animal Safety. The Food Safety segment produces and markets diagnostic test kits and related products used by food producers and processors to detect harmful natural toxins, foodborne bacteria, allergens and levels of general sanitation.
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