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Neogen Stock Price, News & Analysis (NASDAQ:NEOG)

$16.95
+0.35 (+2.11%)
(As of 11/29/2023 ET)
Compare
Today's Range
$16.72
$17.15
50-Day Range
$14.65
$19.46
52-Week Range
$14.37
$24.09
Volume
1.63 million shs
Average Volume
1.36 million shs
Market Capitalization
$3.67 billion
P/E Ratio
N/A
Dividend Yield
N/A
Price Target
$22.75

Neogen MarketRank™ Stock Analysis

Analyst Rating
Moderate Buy
2.50 Rating Score
Upside/​Downside
34.2% Upside
$22.75 Price Target
Short Interest
Bearish
6.23% of Shares Sold Short
Dividend Strength
N/A
Sustainability
N/A
News Sentiment
N/A
Insider Trading
Acquiring Shares
$334,100 Bought Last Quarter
Proj. Earnings Growth
32.20%
From $0.59 to $0.78 Per Share

Overall MarketRank

MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation.

2.16 out of 5 stars

Medical Sector

372nd out of 949 stocks

Diagnostic Substances Industry

4th out of 14 stocks


NEOG stock logo

About Neogen Stock (NASDAQ:NEOG)

Neogen Corporation, together with its subsidiaries, engages in the development, manufacture, and marketing of various products and services dedicated to food and animal safety worldwide. It operates through two segments, Food Safety and Animal Safety. The Food Safety segment offers diagnostic test kits and related products to detect dangerous and unintended substances in food and animal feed, including 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 to detect the presence of adenosine triphosphate, a chemical found in living cells, as well as provides genomics-based diagnostic technology and software systems that help testers to objectively analyze and store their results and perform analysis on the results from multiple locations over extended periods. The segment offers its products primarily to milling and grain, meat and poultry, prepared foods and ingredients, fruits and vegetables, seafood, dairy, beverage, water, healthcare, traditional culture media markets, food service, and dietary supplements markets. The Animal Safety segment provides veterinary instruments, pharmaceuticals, vaccines, topicals, parasiticides, diagnostic products, rodent control products, cleaners, disinfectants, insect control products, and genomics testing services marketed through veterinarians, retailers, livestock producers, and animal health product distributors, for the animal safety market. The segment offers its products for companion animal veterinarians; livestock producers, veterinarians, and breed associations; retailers; breeding and genetics companies; diagnostic labs and universities; distributors; and other manufacturers and government agencies. Neogen Corporation was incorporated in 1981 and is headquartered in Lansing, Michigan.

NEOG Stock Price History

NEOG Stock News Headlines

Why Microsoft Just Placed A Huge Bet On Nuclear
Even with aggressive expansion and acquisition of solar and wind farms, renewable energy isn’t anywhere close to providing the energy that Microsoft demands.
Neogen Struggling Through An Awkward Transition
Why Microsoft Just Placed A Huge Bet On Nuclear
Even with aggressive expansion and acquisition of solar and wind farms, renewable energy isn’t anywhere close to providing the energy that Microsoft demands.
Piper Sandler Sticks to Its Hold Rating for Neogen (NEOG)
Neogen set make a quiet start to new financial year
Neogen says CFO Naemura buys 10K shares
Q1 2024 Neogen Corp Earnings Call
Crude Oil Moves Lower; Neogen Posts Downbeat Results
Why Is Food Safety Firm Neogen Stock Trading Lower Today?
Neogen Q1 Results Miss Estimates; Backs FY24 Outlook
See More Headlines
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Company Calendar

Last Earnings
10/10/2023
Today
11/29/2023
Next Earnings (Estimated)
1/04/2024
Fiscal Year End
5/31/2024

Industry, Sector and Symbol

Industry
Diagnostic substances
Sub-Industry
Health Care Supplies
Sector
Medical
Current Symbol
NASDAQ:NEOG
CUSIP
64049110
Employees
2,640
Year Founded
1982

Price Target and Rating

Average Stock Price Target
$22.75
High Stock Price Target
$28.00
Low Stock Price Target
$17.50
Potential Upside/Downside
+34.2%
Consensus Rating
Moderate Buy
Rating Score (0-4)
2.50
Research Coverage
2 Analysts

Profitability

Net Income
$-22,870,000.00
Pretax Margin
-2.94%

Debt

Sales & Book Value

Annual Sales
$822.45 million
Cash Flow
$0.92 per share
Book Value
$14.49 per share

Miscellaneous

Free Float
214,775,000
Market Cap
$3.67 billion
Optionable
Optionable
Beta
1.08

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NEOG Stock Analysis - Frequently Asked Questions

Should I buy or sell Neogen stock right now?

2 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Neogen in the last year. There are currently 1 hold rating and 1 buy rating for the stock. The consensus among Wall Street equities research analysts is that investors should "moderate buy" NEOG shares.
View NEOG analyst ratings
or view top-rated stocks.

What is Neogen's stock price target for 2024?

2 Wall Street research analysts have issued 12 month target prices for Neogen's shares. Their NEOG share price targets range from $17.50 to $28.00. On average, they predict the company's share price to reach $22.75 in the next twelve months. This suggests a possible upside of 34.2% from the stock's current price.
View analysts price targets for NEOG
or view top-rated stocks among Wall Street analysts.

How have NEOG shares performed in 2023?

Neogen's stock was trading at $15.23 on January 1st, 2023. Since then, NEOG shares have increased by 11.3% and is now trading at $16.95.
View the best growth stocks for 2023 here
.

When is Neogen's next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Thursday, January 4th 2024.
View our NEOG earnings forecast
.

How were Neogen's earnings last quarter?

Neogen Co. (NASDAQ:NEOG) posted its earnings results on Tuesday, October, 10th. The company reported $0.11 EPS for the quarter, topping analysts' consensus estimates of $0.03 by $0.08. The firm earned $229 million during the quarter, compared to analyst estimates of $231.10 million. Neogen had a positive trailing twelve-month return on equity of 3.57% and a negative net margin of 2.89%. The firm's revenue was up 72.8% compared to the same quarter last year. During the same period last year, the firm posted $0.15 earnings per share.

When did Neogen's stock split?

Neogen's stock split before market open on Tuesday, January 2nd 2018. The 4-3 split was announced on Friday, December 8th 2017. The newly issued shares were distributed to shareholders after the market closes on Friday, December 29th 2017. An investor that had 100 shares of stock prior to the split would have 133 shares after the split.

What guidance has Neogen issued on next quarter's earnings?

Neogen updated its FY 2024 earnings guidance on Tuesday, October, 10th. The company provided earnings per share (EPS) guidance of for the period. The company issued revenue guidance of $955.00 million-$985.00 million, compared to the consensus revenue estimate of $968.41 million.

What is John Adent's approval rating as Neogen's CEO?

31 employees have rated Neogen Chief Executive Officer John Adent on Glassdoor.com. John Adent has an approval rating of 56% among the company's employees. This puts John Adent in the bottom 25% of approval ratings compared to other CEOs of publicly-traded companies.

What other stocks do shareholders of Neogen own?

Based on aggregate information from My MarketBeat watchlists, some companies that other Neogen investors own include NVIDIA (NVDA), NIKE (NKE), Pfizer (PFE), AT&T (T), AbbVie (ABBV), Boeing (BA), JPMorgan Chase & Co. (JPM), W. P. Carey (WPC), Advanced Micro Devices (AMD) and Costco Wholesale (COST).

Who are Neogen's major shareholders?

Neogen's stock is owned by a variety of institutional and retail investors. Top institutional investors include Conestoga Capital Advisors LLC (3.03%), Bamco Inc. NY (2.81%), Morgan Stanley (2.64%), Mackenzie Financial Corp (2.48%), William Blair Investment Management LLC (2.22%) and JPMorgan Chase & Co. (1.85%). Insiders that own company stock include Bruce Papesh, Darci L Vetter, David H Naemura, Douglas Edward Jones, James P Tobin, Jason Warren Lilly, John Edward Adent, Ronald D Green, Steven J Quinlan, Terri A Morrical and William T Boehm.
View institutional ownership trends
.

How do I buy shares of Neogen?

Shares of NEOG stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
Compare Top Brokerages Here.

This page (NASDAQ:NEOG) was last updated on 11/30/2023 by MarketBeat.com Staff

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