Stock Rating Upgrade
Recently the Value Trend Rating for Neogen Corp (NASDAQ: NEOG) improved from D to C reflecting improving fundamentals and high Appreciation Potential.
Recent Price Action
On 8/9/24, Neogen Corp (NASDAQ: NEOG) stock declined modestly by -1.1%, closing at $16.80. However, this decline was accompanied by exceptionally low trading volume at 47% of normal. Relative to the market the stock has been weak over the last nine months and has declined -1.2% during the last week.
Current PriceTarget Research Rating
With future capital returns forecasted to be in line with the cost of capital, NEOG is expected to continue to be Value Creation neutral.
Neogen has a current Value Trend Rating of C (Low Neutral). This VT Rating improved in recent days from D previously. With this rating, PTR's two proprietary measures of a stock's current attractiveness are providing consistent signals. Neogen has a neutral Appreciation Score of 57 and a slightly negative Power Rating of 37, resulting in the Low Neutral Value Trend Rating.