Will Neogen Corporation (NEOG) Run Out of Steam Soon?

May 11, 2018 - By Winifred Garcia

Neogen Corporation (NASDAQ:NEOG) Logo

Investors sentiment increased to 1.49 in 2017 Q4. Its up 0.01, from 1.48 in 2017Q3. It increased, as 11 investors sold Neogen Corporation shares while 59 reduced holdings. 33 funds opened positions while 71 raised stakes. 33.95 million shares or 2.80% more from 33.03 million shares in 2017Q3 were reported.
Stratos Wealth Prtnrs Limited accumulated 0% or 200 shares. Fdx holds 0.01% in Neogen Corporation (NASDAQ:NEOG) or 3,426 shares. Etrade Cap Mngmt Limited Com holds 0.01% of its portfolio in Neogen Corporation (NASDAQ:NEOG) for 5,652 shares. Ameritas Inv Prns reported 0.01% in Neogen Corporation (NASDAQ:NEOG). Atlantic Trust Gp Limited Liability Corp has 53,917 shares. Liberty Cap Mgmt owns 49,270 shares. Manufacturers Life The reported 28,262 shares or 0% of all its holdings. Ranger Inv Management L P owns 0.97% invested in Neogen Corporation (NASDAQ:NEOG) for 161,214 shares. Envestnet Asset accumulated 50,169 shares or 0.01% of the stock. 64,260 were accumulated by Arizona State Retirement Sys. 18,000 were reported by New England Private Wealth Ltd Llc. Great Lakes Advsrs Limited Liability, Illinois-based fund reported 53,361 shares. The New York-based Brown Brothers Harriman & has invested 0% in Neogen Corporation (NASDAQ:NEOG). Bb&T owns 5,165 shares or 0.01% of their US portfolio. Pub Sector Pension Board has invested 0.01% in Neogen Corporation (NASDAQ:NEOG).

Since January 26, 2018, it had 0 insider buys, and 14 insider sales for $7.41 million activity. HERBERT JAMES L sold $1.50M worth of stock. The insider BRADLEY EDWARD sold $417,223. On Monday, May 7 the insider Quinlan Steven J. sold $359,092. REED THOMAS H had sold 6,000 shares worth $374,818 on Friday, March 23. MORRICAL TERRI A sold $1.00M worth of stock. PAPESH G BRUCE sold 6,000 shares worth $358,320.

The stock of Neogen Corporation (NASDAQ:NEOG) hit a new 52-week high and has $76.72 target or 5.00 % above today’s $73.07 share price. The 5 months bullish chart indicates low risk for the $3.77B company. The 1-year high was reported on May, 11 by Barchart.com. If the $76.72 price target is reached, the company will be worth $188.45 million more.
The 52-week high event is an important milestone for every stock because it shows very positive momentum and is time when buyers come in. During such notable technical setup, fundamental investors usually stay away and are careful shorting or selling the stock.

The stock increased 1.49% or $1.075 during the last trading session, reaching $73.065. About 89,904 shares traded. Neogen Corporation (NASDAQ:NEOG) has risen 34.54% since May 11, 2017 and is uptrending. It has outperformed by 22.99% the S&P500.

Analysts await Neogen Corporation (NASDAQ:NEOG) to report earnings on July, 17. They expect $0.30 EPS, up 25.00 % or $0.06 from last year’s $0.24 per share. NEOG’s profit will be $15.48M for 60.89 P/E if the $0.30 EPS becomes a reality. After $0.32 actual EPS reported by Neogen Corporation for the previous quarter, Wall Street now forecasts -6.25 % negative EPS growth.

Neogen Corporation (NASDAQ:NEOG) Ratings Coverage

Among 3 analysts covering Neogen Corp (NASDAQ:NEOG), 0 have Buy rating, 0 Sell and 3 Hold. Therefore 0 are positive. Neogen Corp had 3 analyst reports since December 7, 2017 according to SRatingsIntel. As per Thursday, January 4, the company rating was maintained by Roth Capital. Stephens maintained Neogen Corporation (NASDAQ:NEOG) rating on Monday, March 26. Stephens has “Hold” rating and $6500 target.

Neogen Corporation, together with its subsidiaries, develops, makes, and markets various products for food and animal safety worldwide. The company has market cap of $3.77 billion. It operates through two divisions, Food Safety and Animal Safety. It has a 64.89 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.

Neogen Corporation (NASDAQ:NEOG) Institutional Positions Chart

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