Stock To Watch: Neogen Corporation (NASDAQ:NEOG)


The leading market experts have placed a mean price target of $58.25 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 $1.13 for the current fiscal. Technical View The technical analysis of Neogen Corporation plainly substantiates that the 50-day moving average of Neogen Corporation is $55.08, and stock is hovering 0.72 or +1.30% distant from $55.08. It is noted that the 200-day MA is $50.94, and Neogen Corporation stock is $4.86 or +9.55% off from this point. Neogen Corporation (NASDAQ:NEOG) 52-week high is $60.56 and the 52-week low is $43.00. This explains if the stock moves $-4.76, it will post a 52-week high. In event of $+29.77% 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 57.53. The stock last ended the trading session at $55.80 and registered a market cap of $2.10B. 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 2.93.

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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