Analyst Revises Neogen Corporation (NASDAQ:NEOG) Stock Target


Neogen Corporation (NASDAQ:NEOG) mean price target has been set at $58.2500 by Thomson Reuters. The group worked out on the stock recommendations given by analysts in the First Call poll. Further, it is possible that the company may register per share earnings of $0.2800 in the near-term quarter and $1.2100 for the ongoing fiscal. The market cap of Neogen Corporation was recorded at $2.12B after the stock closed at $56.6500 in last trading day.

What The Valuation Says?

The price/earnings ratio is taken in the list of ratios that leads to a stock’s valuation. Commonly named as P/E ratio, it helps investors know where the company stands in the market. It is derived by dividing share’s latest price by per-share earnings. Neogen Corporation (NASDAQ:NEOG) has a P/E ratio of 58.1696. Investors can identify how the stock is doing in the market by estimating Price-to-Earnings Growth ratio.

Neogen Corporation (NASDAQ:NEOG) PEG ratio sits at 2.3400. A low PEG ratio offers an investment opportunity to the opportunistic traders and investors. In case a stock has a reading in between 0 and 1, it represents undervalued stock. A reading of 1 and 2 represents fairly priced stocks.

Technical Perspective

The technical analysis of Neogen Corporation visibly illustrates that the 50-day MA of Neogen Corporation is $55.5626, and stock is trading $0.8619 points away or +1.5512% from its 50-day moving average of $55.5626. Further it is trading $5.3317 or +10.4353% away its 200-day moving average of $51.0928. Neogen Corporation (NASDAQ:NEOG) 52-week high is $60.5600 and the 52-week low is $43.0000. This represents that if the stock moves $-4.1355 points up on the chart to it will make a 52-week high. But, if it declines +31.2198%, then the shares price can hit a new 52-week low.

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