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NEOG $12.04

NEOG target price
12.04
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0
Neogen Corporation
Type
Public
Traded as NASDAQ: NEOG
S&P 600 Component
Industry Healthcare, food safety, animal safety, genomics
Founded 1982
Headquarters Lansing, Michigan, United States
Area served
Worldwide
Revenue $321.275 million (2016)
Operating income
$56.386 million (2016)
Net income
$36.564 million (2016)
Number of employees
>1200
Divisions Neogen Food Tech
Neogen Biologies
Ideal Instruments, Inc.
Subsidiaries Neogen Europe, Ltd.
Neogen do Brasil
Neogen Latinoamérica
Neogen China
Website http://www.neogen.com

Neogen Corp. (NASDAQ: NEOG) is an international food safety company that provides test kits and relevant products to detect dangerous substances in food. The company was founded in 1982 and is based in Lansing, Michigan. The company serves a wide range of countries including Canada, United States, the United Kingdom, parts of Europe, Mexico and Brazil, India, and China, among others. As of 2016, the company has a market capitalization of $1.83 billion with an enterprise value of $1.57 billion. The company operates a product line of over 100 drug detection test kits worldwide for the detection of about 300 abused and therapeutic drugs in animal treatment. In 2009, it became a vendor of the Chinese government and has been engaged in researching China-specific food safety and plant health issues.

The company was founded by Herbert D. "Ted" Doan and James L. Herbert in 1981 as an investment project by Michigan State University. Due to the $50,000 investment by the university, Michigan State retained 30% of the company shares in the early years after its founding. The purpose of the company was to help strengthen the biotechnology community in Lansing and the state as a whole, which had no large biotech companies at the time, and to help retain molecular biologists within the state. One of the earliest acquisitions for the company was Ideal Instruments Inc. in 1985 in order to utilize their production of veterinary tools.

In 2010, Neogen acquired the genomics-focused company GeneSeek in order to expand their focus on animal genomes and proper heredity and breeding, especially in regards to cattle.

Neogen focuses on supplying products for bacterial detection and proper sterilization and tool handling with antibiotics, along with genomics research products focused on gene isolation and heredity mapping. The detection products include Reveal for Salmonella Enteriditis, along with Agri-Screen and Veratox for a range of mycotoxin detections. Advancements in hydrophobic grid membrane filter (HGMF) technology led Neogen to the creation of a disposable filter in 2004 called NEO-GRID.

The company operates its business through two segments including Food Safety and Animal Safety. The Food Safety segment provides diagnostic kits test and other complementary products for dangerous or unintended substances testing in both human and animal food. The Animal Safety segment is engaged in developing and supplying pharmaceuticals and medical instruments that are used in global veterinary market. The latter segment also produces medicine to control animal disease and rodents in wide industries including agricultural, food production. In 2013, the company acquired Chem-Tech Ltd, which used to by wholly owned by Pat and Kelle Rolfes.

Q reports

Period Date Adjusted Actuals EPS GAAP EPS
Q2 2022 2022-12-19 Future report Set alerts
Q1 2022 2022-09-19 Future report Set alerts
Q4 2021 2022-07-26 0.14 0.14
Q3 2021 2022-03-24 0.05 0.05
Q2 2021 2021-12-21 0.10 0.10
Q1 2021 2021-09-21 0.16 0.16
Q4 2020 2021-07-20 0.15 0.15
Q3 2020 2021-03-23 0.25 0.25
Q1 2020 2020-09-22 0.00 0.00
Q4 2019 2020-07-21 0.31 0.31

Ratings

2016-03-25 Lower Price Target Janney Montgomery Scott Neutral $52.00
2016-03-25 Lower Price Target Craig Hallum Hold $65.00 to $49.00
2016-03-24 Reiterated Rating Roth Capital Buy
2015-12-28 Downgrade Craig Hallum Hold
2015-12-25 Reiterated Rating Roth Capital Buy $65.00 to $68.00
2015-12-22 Downgrade Craig Hallum Buy to Hold
2015-12-22 Reiterated Rating William Blair Market Perform
2015-11-22 Reiterated Rating William Blair Hold
2015-09-23 Reiterated Rating Roth Capital Buy $65.00
2015-09-23 Reiterated Rating William Blair Hold
2015-07-22 Reiterated Rating Roth Capital Buy $53.00 to $65.00
2015-03-17 Downgrade Stephens Overweight to Equal Weight
2014-08-11 Initiated Coverage Cowen and Company Market Perform to Market Perform $39.00
2014-07-23 Upgrade Stephens Equal Weight to Overweight
2014-07-23 Upgrade Craig Hallum Hold to Buy
2014-06-05 Initiated Coverage William Blair Positive to Market Perform
2014-03-26 Boost Price Target Roth Capital $53.00
2013-12-20 Lower Price Target Janney Montgomery Scott $61.00 to $46.00
2013-09-25 Boost Price Target Roth Capital Buy $65.00 to $67.00
2011-03-31 Upgrade Hilliard Lyons Underperform to Neutral
2009-09-25 Reiterated Roth Capital Buy $33 to $36
2009-03-20 Reiterated Roth Capital Buy $32 to $28
2009-01-07 Reiterated Roth Capital Buy $33 to $32
2008-09-25 Reiterated Roth Capital Buy $30 to $33
2008-01-04 Reiterated Roth Capital Buy $28 to $30
2007-09-28 Reiterated Roth Capital Buy $23.33 to $28
2007-07-25 Reiterated Roth Capital Buy $33 to $35
2007-07-09 Reiterated Roth Capital Buy $27 to $33
2016-03-25 Lower Price Target Janney Montgomery Scott Neutral $52.00
2016-03-25 Lower Price Target Craig Hallum Hold $65.00 to $49.00
2016-03-24 Reiterated Rating Roth Capital Buy
2015-12-28 Downgrade Craig Hallum Hold
2015-12-25 Reiterated Rating Roth Capital Buy $65.00 to $68.00

There is presents forecasts of rating agencies and recommendations for investors about this ticker

Major Shareholders

Name Relationship Total Shares Holding stocks
HERBERT JAMES L Chairman & CEO 2.68%  (989455) NEOG /
BOHANNON LON M President & COO 0.15%  (56524) NEOG /
MORRICAL TERRI A Vice President 0.10%  (37575) NEOG /
PAPESH G BRUCE 0.09%  (32261) NEOG /
PARNELL JACK C 0.04%  (16555) NEOG /
Quinlan Steven J. Vice President & CFO 0.04%  (13470) NEOG /
REED THOMAS H 0.04%  (13375) NEOG /
BOEHM WILLIAM T 0.03%  (10480) NEOG /
BRADLEY EDWARD Vice President 0.03%  (9958) NEOG /
CALK RICHARD E JR President & COO 0.01%  (5425) NEOG /
FISCHER A. CHARLES 0.01%  (4500) NEOG /
Green Ronald D 0.01%  (3333) NEOG /
Tobin James P 0.01%  (3200) NEOG /