Raymond James analyst Andrew Cooper maintained a Buy rating on NeoGenomics (NEO – Research Report) today and set a price target of $15.00. The company’s shares closed last Wednesday at $10.44, close to its 52-week low of $10.27.
According to TipRanks.com, Cooper ‘s ranking currently consits of 0 on a 0-5 ranking scale, with an average return of -20.2% and a 17.3% success rate. Cooper covers the Healthcare sector, focusing on stocks such as Exact Sciences, Progenity, and Veracyte.
The word on The Street in general, suggests a Moderate Buy analyst consensus rating for NeoGenomics with a $20.90 average price target, representing an 85.0% upside. In a report released yesterday, Needham also maintained a Buy rating on the stock with a $19.00 price target.
NeoGenomics’ market cap is currently $1.29B and has a P/E ratio of -98.77.
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NeoGenomics, Inc. is a clinical laboratory, which specializes in cancer genetics diagnostic testing and pharma services. It operates through the following two segments: Clinical and Pharma Services. The Clinical Services segment offers clinical cancer testing services to community-based pathologists. The Pharma Services segments supports pharmaceutical firms in their drug development programs by supporting various clinical trials and research. The Clinical Services Segment provides various clinical testing services to community-based pathology practices, hospital pathology labs and academic centers with reimbursement from various payers including client direct billing, commercial insurance, Medicare and other government payers, and patients. The Pharma Services segment: provides comprehensive testing services in supports pharmaceutical clients’ oncology programs from discovery to commercialization. Its services include cytogenetics, fluorescence in-situ hybridization, flow cytometry, immunohistochemistry, anatomic pathology and molecular genetic testing. The company was founded by Michael T. Dent on October 29, 1998 and is headquartered in Fort Myers, FL.
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