Neogen Valuation Assessed After Recent Earnings and Turnaround Signs

Neogen (NEOG) shares have surged 26% over the past three months after reporting a modest uptick in revenue and a significant swing in annual net income. However, the total shareholder return across five years remains deep in the red at -82%. Investors are questioning whether the turnaround is gaining traction or just a brief respite. The narrative fair value is pegged at $8.17, with ongoing global complexity, risks in the food supply chain, and heightened consumer expectations for food safety and transparency expected to drive further adoption of Neogen's innovative solutions.