Neogen Corporation (NEOG) Stock: Identifying Value and Future Vision

Neogen Corporation [NEOG] stock is trading at $15.07, up down -1.44%. Until recently, the best way to gauge how the stock has performed was to look at its short-term value. The NEOG shares have lost -6.46% over the last week, with a monthly amount drifted -27.48%, and not seem to be holding up well over a long-time horizon.

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From an analyst’s perspective:

Neogen Corporation [NASDAQ: NEOG] stock has seen the most recent analyst activity on July 12, 2022, when Piper Sandler initiated its Neutral rating and assigned the stock a price target of $25. CL King started tracking the stock assigning a Neutral rating. William Blair initiated its recommendation with a Mkt Perform. Hilliard Lyons upgraded its rating to Neutral for this stock on March 31, 2011. In a note dated September 25, 2009, Roth Capital reiterated an Buy rating on this stock and boosted its target price from $33 to $36.

Neogen Corporation [NEOG] stock has fluctuated between $15.14 and $47.80 over the past year. Currently, Wall Street analysts expect the stock to reach $20.00 within the next 12 months. Neogen Corporation [NASDAQ: NEOG] shares were valued at $15.07 at the most recent close of the market. An investor can expect a potential return of 32.71% based on the average price forecast.

Analyzing the NEOG fundamentals

Neogen Corporation [NASDAQ:NEOG] reported sales of 140.09 billion for the most recent quarter, which represents a growth of 10.00%. Gross Margin for this corporation currently stands at +46.10% with Operating Margin at +11.12%, Pretax Margin comes in at +11.42%, and Net Margin reading is +9.16%.

Before buying any particular stock, readers tend to pay close attention to the indicators that support and create resistance. The company’s stock is currently sitting at 14.86 points at the first support level, and at 14.64 for the second support level. However, for the 1st resistance point, the stock is sitting at 15.48, and for the 2nd resistance point, it is at 15.88.

Neogen Corporation [NEOG] reported earnings per share of $0.14 for its fiscal quarter that ended on 5/30/2022. Based on the Wall Street analysts’ estimates, the company was expected to report earnings of $0.11/share, meaning a difference of $0.03 and a surprise factor of 27.30%. By comparison, the stated earnings for the previous quarter ended on 2/27/2022 were $0.05 per share as compared to estimates of $0.15 per share, a difference of $-0.1 representing a surprise of -66.70%.

Ratios To Look Out For

For context, Neogen Corporation’s Current Ratio is 8.10. As well, the Quick Ratio is 6.48, while the Cash Ratio is 4.90. Considering the valuation of this stock, the price to sales ratio is 5.42, the price to book ratio is 3.21 and the P/E (TTM) ratio is 33.71.

Transactions by insiders

Insider trading has also been a hot topic recently, with 5 insiders purchasing 28,600 shares and 0 selling 0 shares in the past 3 months. Recent insider trading involved Vetter Darci L, Director, that happened on Aug 16 when 1100.0 shares were purchased. Director, Green Ronald D completed a deal on Aug 02 to buy 1500.0 shares. Meanwhile, President & CEO ADENT JOHN EDWARD bought 17500.0 shares on Jul 29.