Qiagen (NYSE:QGEN) Given Average Rating of “Buy” by Analysts

Shares of Qiagen (NYSE:QGENGet Rating) have been assigned an average recommendation of “Buy” from the eleven analysts that are presently covering the firm, Marketbeat Ratings reports. Four investment analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. The average twelve-month price objective among brokerages that have updated their coverage on the stock in the last year is $53.11.

Separately, Zacks Investment Research upgraded Qiagen from a “hold” rating to a “buy” rating and set a $49.00 target price on the stock in a report on Friday, April 22nd.

Institutional investors and hedge funds have recently made changes to their positions in the company. Morgan Stanley increased its holdings in Qiagen by 61.9% in the second quarter. Morgan Stanley now owns 917,158 shares of the company’s stock valued at $44,372,000 after purchasing an additional 350,613 shares during the period. BlackRock Inc. grew its stake in shares of Qiagen by 25.6% in the 3rd quarter. BlackRock Inc. now owns 6,056,924 shares of the company’s stock valued at $313,022,000 after buying an additional 1,233,483 shares during the period. Alliancebernstein L.P. lifted its position in Qiagen by 0.9% in the 3rd quarter. Alliancebernstein L.P. now owns 165,786 shares of the company’s stock valued at $8,568,000 after acquiring an additional 1,446 shares in the last quarter. O Shaughnessy Asset Management LLC lifted its position in Qiagen by 75.7% in the 3rd quarter. O Shaughnessy Asset Management LLC now owns 650 shares of the company’s stock valued at $34,000 after acquiring an additional 280 shares in the last quarter. Finally, Handelsbanken Fonder AB lifted its position in Qiagen by 13.7% in the 3rd quarter. Handelsbanken Fonder AB now owns 43,900 shares of the company’s stock valued at $2,269,000 after acquiring an additional 5,300 shares in the last quarter. Institutional investors own 55.85% of the company’s stock.

QGEN stock opened at $45.89 on Wednesday. The business has a fifty day moving average price of $47.06 and a 200 day moving average price of $50.16. Qiagen has a fifty-two week low of $41.32 and a fifty-two week high of $58.00. The stock has a market capitalization of $10.42 billion, a price-to-earnings ratio of 17.93, a P/E/G ratio of 2.15 and a beta of 0.23. The company has a debt-to-equity ratio of 0.52, a current ratio of 1.90 and a quick ratio of 1.58.

Qiagen (NYSE:QGENGet Rating) last released its earnings results on Tuesday, April 26th. The company reported $0.80 EPS for the quarter, beating the consensus estimate of $0.71 by $0.09. The company had revenue of $628.39 million during the quarter, compared to analysts’ expectations of $589.95 million. Qiagen had a return on equity of 20.71% and a net margin of 26.61%. During the same period last year, the firm earned $0.66 EPS. On average, equities analysts expect that Qiagen will post 2.52 earnings per share for the current fiscal year.

About Qiagen (Get Rating)

QIAGEN N.V. offers sample to insight solutions that transform biological materials into molecular insights worldwide. The company provides primary sample technology consumables, such as nucleic stabilization and purification kits for primary sample materials, manual and automated processing for genotyping, gene expression, and viral and bacterial analysis, as well as silica membranes and magnetic bead technologies; secondary sample technology consumables, including kits and components for purification of nucleic acids from secondary sample materials; and instruments for nucleic acid purification and accessories.

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Analyst Recommendations for Qiagen (NYSE:QGEN)

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