How Analysts Feel About Neogen Corporation (NEOG) After Reaching Record High?

March 18, 2018 - By Adrian Mccoy

Investors sentiment increased to 1.48 in 2017 Q3. Its up 0.43, from 1.05 in 2017Q2. It is positive, as 10 investors sold Neogen Corporation shares while 53 reduced holdings. 31 funds opened positions while 62 raised stakes. 33.03 million shares or 0.90% more from 32.73 million shares in 2017Q2 were reported.
Oppenheimer Asset Mngmt Incorporated invested in 0.05% or 27,228 shares. Pinebridge Investments L P invested 0.01% in Neogen Corporation (NASDAQ:NEOG). King Luther Cap Mngmt invested in 0.49% or 726,842 shares. Public Employees Retirement Systems Of Ohio holds 0.01% in Neogen Corporation (NASDAQ:NEOG) or 21,060 shares. Pub Employees Retirement Association Of Colorado invested 0.15% in Neogen Corporation (NASDAQ:NEOG). Retail Bank Of Ny Mellon owns 508,760 shares or 0.01% of their US portfolio. Aureus Asset Mngmt Limited Com has invested 0.07% in Neogen Corporation (NASDAQ:NEOG). Df Dent And accumulated 0.02% or 9,800 shares. Creative Planning, Kansas-based fund reported 3,478 shares. Franklin Resources Inc has invested 0.02% in Neogen Corporation (NASDAQ:NEOG). Azimuth Capital Mngmt Ltd Liability Com reported 11,508 shares. Loomis Sayles & Comm Limited Partnership has invested 0.04% in Neogen Corporation (NASDAQ:NEOG). California-based Eqis Capital Mngmt has invested 0.02% in Neogen Corporation (NASDAQ:NEOG). First Republic Mgmt Inc accumulated 4,584 shares. Moreover, Numeric Lc has 0% invested in Neogen Corporation (NASDAQ:NEOG).

Since September 20, 2017, it had 0 buys, and 17 sales for $13.87 million activity. PAPESH G BRUCE sold $358,320 worth of stock. 11,725 shares valued at $706,950 were sold by BRADLEY EDWARD on Friday, January 26. 2,250 Neogen Corporation (NASDAQ:NEOG) shares with value of $176,676 were sold by Quinlan Steven J.. MORRICAL TERRI A sold $421,833 worth of stock.

The stock of Neogen Corporation (NASDAQ:NEOG) reached all time high today, Mar, 18 and still has $66.24 target or 3.00 % above today’s $64.31 share price. This indicates more upside for the $3.31B company. This technical setup was reported by If the $66.24 PT is reached, the company will be worth $99.39 million more.
Trading stocks at an all time highs is usually a winning strategy. An all time high points to a stock which has the most positive fundamentals ever. Even thought the pullback rate is high, if correct risk management is utilized, investors can trade very well such events.

The stock increased 0.78% or $0.5 during the last trading session, reaching $64.31. About 571,973 shares traded or 233.00% up from the average. Neogen Corporation (NASDAQ:NEOG) has risen 27.20% since March 18, 2017 and is uptrending. It has outperformed by 10.50% the S&P500.

Analysts await Neogen Corporation (NASDAQ:NEOG) to report earnings on March, 22 before the open. They expect $0.24 earnings per share, up 20.00 % or $0.04 from last year’s $0.2 per share. NEOG’s profit will be $12.36M for 66.99 P/E if the $0.24 EPS becomes a reality. After $0.33 actual earnings per share reported by Neogen Corporation for the previous quarter, Wall Street now forecasts -27.27 % negative EPS growth.

Neogen Corporation (NASDAQ:NEOG) Ratings Coverage

Among 4 analysts covering Neogen (NASDAQ:NEOG), 0 have Buy rating, 0 Sell and 4 Hold. Therefore 0 are positive. Neogen had 6 analyst reports since August 26, 2015 according to SRatingsIntel. The firm has “Hold” rating given on Tuesday, December 22 by Craig Hallum. Zacks downgraded Neogen Corporation (NASDAQ:NEOG) on Tuesday, September 22 to “Hold” rating. Zacks downgraded Neogen Corporation (NASDAQ:NEOG) on Wednesday, August 26 to “Buy” rating. On Thursday, January 4 the stock rating was maintained by Roth Capital with “Hold”.

Neogen Corporation, together with its subsidiaries, develops, makes, and markets various products for food and animal safety worldwide. The company has market cap of $3.31 billion. It operates through two divisions, Food Safety and Animal Safety. It has a 63.99 P/E ratio. 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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