Neogen Co. (NASDAQ:NEOG) Director James L. Herbert sold 5,000 shares of the business’s stock in a transaction on Monday, July 8th. The stock was sold at an average price of $60.70, for a total transaction of $303,500.00. Following the completion of the transaction, the director now owns 631,484 shares of the company’s stock, valued at approximately $38,331,078.80. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link.
NASDAQ:NEOG opened at $63.00 on Friday. The stock has a fifty day simple moving average of $59.76. The firm has a market capitalization of $3.23 billion, a P/E ratio of 52.07, a price-to-earnings-growth ratio of 5.09 and a beta of 1.34. Neogen Co. has a 52 week low of $50.60 and a 52 week high of $97.38.
Several equities analysts have commented on NEOG shares. BidaskClub downgraded shares of Virtu Financial from a “sell” rating to a “strong sell” rating in a research note on Wednesday, June 12th. Craig Hallum downgraded shares of PFSweb from a “buy” rating to a “hold” rating in a research note on Tuesday, March 19th. Zacks Investment Research downgraded shares of Gold Resource from a “hold” rating to a “sell” rating in a research note on Friday, June 21st. Finally, Guggenheim restated a “buy” rating and issued a $95.00 price target (up previously from $90.00) on shares of VF in a research note on Thursday, May 23rd. One analyst has rated the stock with a sell rating, four have issued a hold rating and one has given a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and a consensus price target of $65.38.
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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