CL King began coverage on shares of Neogen Corporation (NASDAQ:NEOG) in a research report report published on Friday morning, MarketBeat Ratings reports. The brokerage issued a neutral rating on the stock.
Other equities analysts also recently issued reports about the company. Zacks Investment Research upgraded Neogen Corporation from a hold rating to a buy rating and set a $73.00 price target for the company in a research note on Thursday, March 23rd. BidaskClub upgraded Neogen Corporation from a hold rating to a buy rating in a research note on Saturday, June 10th.
Shares of Neogen Corporation (NEOG) traded up 0.21% during mid-day trading on Friday, hitting $68.39. The company had a trading volume of 165,685 shares. Neogen Corporation has a 52-week low of $50.53 and a 52-week high of $69.97. The stock’s 50-day moving average is $65.13 and its 200-day moving average is $64.62. The stock has a market cap of $2.61 billion, a price-to-earnings ratio of 63.32 and a beta of 1.52.
ILLEGAL ACTIVITY NOTICE: “Neogen Corporation (NASDAQ:NEOG) Now Covered by Analysts at CL King” was published by Community Financial News and is the sole property of of Community Financial News. If you are accessing this piece of content on another domain, it was illegally stolen and reposted in violation of U.S. and international copyright laws. The original version of this piece of content can be viewed at https://www.com-unik.info/2017/07/17/neogen-corporation-nasdaqneog-now-covered-by-analysts-at-cl-king.html.
In related news, VP Edward Bradley sold 5,000 shares of Neogen Corporation stock in a transaction dated Monday, June 19th. The stock was sold at an average price of $68.72, for a total value of $343,600.00. Following the completion of the transaction, the vice president now directly owns 91,512 shares in the company, valued at $6,288,704.64. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CFO Steven J. Quinlan sold 2,676 shares of Neogen Corporation stock in a transaction dated Thursday, April 27th. The stock was sold at an average price of $63.68, for a total value of $170,407.68. Following the completion of the transaction, the chief financial officer now owns 12,779 shares of the company’s stock, valued at $813,766.72. The disclosure for this sale can be found here. Insiders sold 69,252 shares of company stock valued at $4,294,038 over the last quarter. Insiders own 4.70% of the company’s stock.
A number of institutional investors have recently modified their holdings of the stock. Victory Capital Management Inc. increased its position in shares of Neogen Corporation by 53.0% in the first quarter. Victory Capital Management Inc. now owns 2,543 shares of the company’s stock worth $167,000 after buying an additional 881 shares during the last quarter. Raymond James Trust N.A. bought a new position in shares of Neogen Corporation during the first quarter worth approximately $226,000. Creative Planning increased its position in shares of Neogen Corporation by 1.3% in the second quarter. Creative Planning now owns 3,478 shares of the company’s stock worth $240,000 after buying an additional 46 shares during the last quarter. State of Alaska Department of Revenue increased its position in shares of Neogen Corporation by 3.4% in the first quarter. State of Alaska Department of Revenue now owns 4,210 shares of the company’s stock worth $275,000 after buying an additional 140 shares during the last quarter. Finally, Citadel Advisors LLC bought a new position in shares of Neogen Corporation during the first quarter worth approximately $329,000. Institutional investors own 86.36% of the company’s stock.
About Neogen Corporation
Neogen Corporation develops, manufactures and markets a range of products and services dedicated to food and animal safety. The Company operates through two segments: Food Safety and Animal Safety. The Food Safety segment produces and markets diagnostic test kits and related products used by food producers and processors to detect harmful natural toxins, foodborne bacteria, allergens and levels of general sanitation.
What are top analysts saying about Neogen Corporation? - Enter your email address in the form below to receive our free daily email newsletter that contains the latest headlines and analysts' recommendations for for Neogen Corporation and related companies.