Neogen Corp. (NASDAQ:NEOG) shares hit a new 52-week high on Friday . The company traded as high as $60.60 and last traded at $60.25, with a volume of 45,225 shares trading hands. The stock had previously closed at $59.52.

A number of research analysts have weighed in on NEOG shares. Zacks Investment Research lowered Neogen Corp. from a “hold” rating to a “sell” rating in a report on Saturday, July 23rd. Craig Hallum downgraded Neogen Corp. from a “buy” rating to a “hold” rating in a research note on Monday. One analyst has rated the stock with a sell rating, three have issued a hold rating and one has assigned a buy rating to the stock. The company presently has an average rating of “Hold” and an average price target of $57.25.

The stock has a 50 day moving average price of $56.60 and a 200 day moving average price of $51.99. The company has a market capitalization of $2.29 billion and a price-to-earnings ratio of 62.79.

Neogen Corp. (NASDAQ:NEOG) last announced its quarterly earnings data on Tuesday, July 19th. The company reported $0.26 earnings per share for the quarter, hitting the Zacks’ consensus estimate of $0.26. The business had revenue of $90.10 million for the quarter, compared to analyst estimates of $86.27 million. On average, analysts anticipate that Neogen Corp. will post $1.13 earnings per share for the current fiscal year.

In other Neogen Corp. news, VP Edward Bradley sold 20,196 shares of the business’s stock in a transaction on Monday, August 1st. The stock was sold at an average price of $55.60, for a total transaction of $1,122,897.60. Following the sale, the vice president now directly owns 126,730 shares in the company, valued at $7,046,188. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, CEO James L. Herbert sold 8,393 shares of the business’s stock in a transaction on Thursday, August 4th. The stock was sold at an average price of $55.13, for a total value of $462,706.09. Following the sale, the chief executive officer now owns 906,175 shares in the company, valued at $49,957,427.75. The disclosure for this sale can be found here.

Neogen Corporation develops, manufactures and markets a diverse line of products dedicated to food and animal safety. The Company has two segments: Food Safety and Animal Safety. The Food Safety segment is engaged in the development, production and marketing of diagnostic test kits and related products used by food producers and processors to detect harmful natural toxins, foodborne bacteria, allergens and levels of general sanitation.

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