BidaskClub Upgrades Neogen (NASDAQ:NEOG) to “Buy”
Other equities analysts have also recently issued reports about the stock. TheStreet upgraded shares of Neogen from a c rating to a b- rating in a research report on Monday, May 11th. Zacks Investment Research cut shares of Neogen from a hold rating to a sell rating and set a $64.00 price objective on the stock. in a research report on Monday, March 2nd. 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 company. The company has an average rating of Hold and an average price target of $76.67.
NASDAQ NEOG opened at $75.21 on Friday. Neogen has a twelve month low of $48.91 and a twelve month high of $79.83. The stock has a market cap of $3.85 billion, a price-to-earnings ratio of 67.15, a PEG ratio of 5.94 and a beta of 0.74. The firm’s 50 day moving average price is $69.83 and its two-hundred day moving average price is $66.63.
Institutional investors have recently bought and sold shares of the company. Sunbelt Securities Inc. purchased a new position in shares of Neogen during the 4th quarter valued at $4,220,000. Versant Capital Management Inc boosted its holdings in Neogen by 256.2% in the first quarter. Versant Capital Management Inc now owns 374 shares of the company’s stock worth $25,000 after purchasing an additional 269 shares in the last quarter. Northwestern Mutual Wealth Management Co. bought a new stake in Neogen in the first quarter worth $27,000. Private Capital Group LLC boosted its holdings in Neogen by 79.5% in the first quarter. Private Capital Group LLC now owns 926 shares of the company’s stock worth $62,000 after purchasing an additional 410 shares in the last quarter. Finally, Archer Investment Corp bought a new stake in Neogen in the fourth quarter worth $68,000. Institutional investors and hedge funds own 92.96% of the company’s stock.
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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