Neogen 29 Year Stock Price History NEOG

neogen stock price

It operates through the Food Safety and Animal Safety segments. The Food Safety segment consists of diagnostic test kits and related products used by food producers and processors to detect harmful natural toxins, foodborne bacteria, allergens, drug residues, and levels of general sanitation. The Animal Safety segment includes a line of consumable products marketed to veterinarians and animal health product distributors. The company was founded on June 30, 1981 and is headquartered in Lansing, MI.

Traders should take this into account as the share price often fluctuates around this time period. Neogen CEO John Adent said that the company’s revenue „came in a little lighter than we’d thought.“ Animal safety revenue is expected to fall by high-single-digit percentages, due to softer genomic sales. According to 3 analysts, the average rating for NEOG stock is „Buy.“ The 12-month stock price forecast is $22.5, which is an increase of 5.54% from the latest price. Neogen Corp. shares soared 14% in premarket trade Tuesday, after the company confirmed a Wall Street Journal report that it is combining with 3M Corp.’s food-safety business in a deal with an enterprise value of $9.3 bil… Neogen issued an update on its FY 2024 earnings guidance on Thursday, July, 27th. The company provided earnings per share guidance of for the period.

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Find out how earnings news affected some of these companies. The company said it is seeing lower first-quarter numbers than previously expected. The industry with the best average Zacks Rank would be considered the top industry (1 out of 265), which would place it in the top 1% of Zacks Ranked Industries.

A simple, equally-weighted average return of all Zacks Rank stocks is calculated to determine the monthly return. The monthly returns are then compounded to arrive at the annual return. Only Zacks Rank stocks included in Zacks hypothetical portfolios at the beginning of each month are included in the return calculations. Zacks Ranks stocks can, and often do, change throughout the month.

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In animal safety (20% of post-merger sales), Neogen sells veterinary instruments, pharmaceuticals, disinfectants, and genomics tests for animals, including cattle, horses, and canines. Sales in the United States account for 60% of total revenue, while international markets, including Canada, Europe, Asia, and Latin America, account for the remaining 40%. Neogen Corp. engages in the development, manufacture, and marketing of food and animal safety products.

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  • An investor that had 100 shares of stock prior to the split would have 133 shares after the split.
  • 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.

Since then, NEOG shares have increased by 40.0% and is now trading at $21.32. The technique has proven to be very useful for finding positive surprises. In fact, when combining a Zacks Rank #3 or better and a positive Earnings ESP, stocks produced a positive surprise 70% of the time, while they also saw 28.3% annual returns on average, according to our 10 year backtest. Get this delivered to your inbox, and more info about our products and services. Get stock recommendations, portfolio guidance, and more from The Motley Fool’s premium services. Volatility profiles based on trailing-three-year calculations of the standard deviation of service investment returns.

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Sign-up to receive the latest news and ratings for Neogen and its competitors with MarketBeat’s FREE daily newsletter. NEOG earnings call for the period ending September 30, 2021. NEOG earnings call for the period ending December 31, 2021.

The Zacks Industry Rank assigns a rating to each of the 265 X (Expanded) Industries based on their average Zacks Rank. The company announced, in an investor presentation at the Wells Fargo 2023 Healthcare Conference in Boston, that it is expecting fiscal 2024 first-quarter revenue to be slightly below expectations. According to the Double Buys Screener, a Premium feature of GuruFocus, five stocks with high guru and insider buys over the past few months include Intel Corp. ( INTC , Financial), Neogen Corp. ( NEOG… We’d like to share more about how we work and what drives our day-to-day business. Transparency is how we protect the integrity of our work and keep empowering investors to achieve their goals and dreams. And we have unwavering standards for how we keep that integrity intact, from our research and data to our policies on content and your personal data.

Running down the pertinent corporate headlines of interest to investors before Tuesday’s opening bell. Upgrade to MarketBeat All Access to add more stocks to your watchlist. One share of NEOG stock can currently be purchased for approximately $21.32. 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).

Analyst Forecast

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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. Neogen Corporation was incorporated in 1981 and is headquartered in Lansing, Michigan. Neogen Corporation, headquartered in Lansing, Michigan, develops, manufactures, and markets various products for food and animal safety. In food safety (70% of post-merger sales), Neogen performs diagnostics to detect unintended substances in food and animal feed, such as pathogens, allergens, and drug residues, for food and feed processing companies.

These are established companies that reliably pay dividends. 3 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 2 buy ratings for the stock. The consensus among Wall Street equities research analysts is that investors should „moderate buy“ NEOG shares. Neogen will announce its quarterly financial results in 11 days.

neogen stock price

NEOG’s beta can be found in Trading Information at the top of this page. A stock’s beta measures how closely tied its price movements have been to the performance of the overall block header market. Morningstar analysts hand-select direct competitors or comparable companies to
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competitive advantage.

NEOG Overview

ZacksTrade does not endorse or adopt any particular investment strategy, any analyst opinion/rating/report or any approach to evaluating individual securities. Neogen Corp. said it will enact a four-for-three stock split, on the heels of a 25.4% surge in the stock price year to date. The split will be effected in the form a stock dividend payable Dec. 29 to shareholders of recor… MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation. Zacks Earnings ESP (Expected Surprise Prediction) looks to find companies that have recently seen positive earnings estimate revision activity. The idea is that more recent information is, generally speaking, more accurate and can be a better predictor of the future, which can give investors an advantage in earnings season.

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There’s also a VGM Score (‚V‘ for Value, ‚G‘ for Growth and ‚M‘ for Momentum), which combines the weighted average of the individual style scores into one score. The Style Scores are a complementary set of indicators to use alongside the Zacks Rank. It allows the user to better focus on the stocks that are the best fit for his or her personal trading style. You are being directed to ZacksTrade, a division of LBMZ Securities and licensed broker-dealer. The web link between the two companies is not a solicitation or offer to invest in a particular security or type of security.