Neogen ( (NEOG) ) has shared an update.
On April 4, 2025, Neogen Corporation announced the successful refinancing of its term loan and revolving credit facility, extending the maturity to April 2030. The refinancing, which involved a $450 million term loan and a $250 million revolving credit facility, results in a lower interest rate and provides the company with additional balance sheet flexibility, reflecting its favorable credit profile and strong banking partnerships.
Spark’s Take on NEOG Stock
According to Spark, TipRanks’ AI Analyst, NEOG is a Neutral.
Neogen’s overall score is weighed down by profitability challenges and weak technical indicators. While the company shows potential with strategic initiatives and revenue growth, immediate financial and operational concerns take precedence. The absence of debt and focus on food security initiatives provide some stability, but they are not enough to offset the current financial and valuation challenges.
To see Spark’s full report on NEOG stock, click here.
More about Neogen
Neogen Corporation is a global leader in food safety solutions, focusing on advancing human and animal well-being through science and technology. The company operates in the Food Safety, Livestock, and Pet Health & Wellness markets, serving over 140 countries with a network of scientists and technical experts.
YTD Price Performance: -34.67%
Average Trading Volume: 3,455,150
Technical Sentiment Signal: Strong Buy
Current Market Cap: $1.69B
For detailed information about NEOG stock, go to TipRanks’ Stock Analysis page.