Stock To Watch: Neogen Corporation (NASDAQ:NEOG)


The leading market experts have placed a mean price target of $59.00 on Neogen Corporation (NASDAQ:NEOG) stock. This price level, which is estimated to be attained in one-year indicates the mean of stock opinions given by the companies included in the First Call survey. The renowned research firms have predicted earnings of $0.28 a share for the upcoming quarter and $0.97 for the current fiscal. Technical View The technical analysis of Neogen Corporation plainly substantiates that the 50-day moving average of Neogen Corporation is $49.70, and stock is hovering 2.40 or +4.82% distant from $49.70. It is noted that the 200-day MA is $51.32, and Neogen Corporation stock is $0.78 or +1.52% off from this point. Neogen Corporation (NASDAQ:NEOG) 52-week high is $62.70 and the 52-week low is $43.00. This explains if the stock moves $-10.60, it will post a 52-week high. In event of $+21.16% points decline, a 52-week low will be hit. Taking the Valuation Aspect To emphasize the valuation of Neogen Corporation, shareholders can apply financial tool known as price-to-earnings ratio. This financial ratio assesses stock’s valuation by considering the relative expense of the stock. Following this ratio, Neogen Corporation (NASDAQ:NEOG) ratio came in at 54.27. The stock last ended the trading session at $52.10 and registered a market cap of $1.95B. To appraise firm’s growth, the shareholders take help of the Price-to-Earnings-Growth ratio. When a stock has a higher PEG ratio, it is suggestive of lower stock appreciation in approaching sessions. A stock comes in the group of undervalued stocks when its PEG ratio falls in between 0 and 1. Neogen Corporation (NASDAQ:NEOG) PEG ratio is at 3.50.

1 Chart Pattern Every Investor Should Know

This little-known pattern preceded moves of 578% in ARWR, 562% in LCI, 513% in ICPT, 439% in EGRX, 408% in ADDUS and more...

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