Qiagen (NYSE:QGEN - Get Free Report) has been assigned an average recommendation of "Moderate Buy" from the ten brokerages that are covering the stock, MarketBeat.com reports. Four research analysts have rated the stock with a hold recommendation and six have given a buy recommendation to the company. The average twelve-month target price among brokers that have issued ratings on the stock in the last year is $51.15.
A number of equities analysts have commented on the stock. Hsbc Global Res raised shares of Qiagen to a "hold" rating in a research note on Thursday, October 17th. HSBC cut Qiagen from a "buy" rating to a "hold" rating and set a $49.00 target price on the stock. in a research note on Thursday, October 17th. Finally, Jefferies Financial Group reaffirmed a "buy" rating and set a $54.00 price target (up previously from $42.00) on shares of Qiagen in a research note on Tuesday, December 10th.
Check Out Our Latest Research Report on QGEN
Institutional Investors Weigh In On Qiagen
Several hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Wellington Management Group LLP increased its stake in Qiagen by 77.7% during the 3rd quarter. Wellington Management Group LLP now owns 21,250,943 shares of the company's stock valued at $963,386,000 after purchasing an additional 9,293,040 shares in the last quarter. Nuance Investments LLC boosted its holdings in Qiagen by 17.3% in the second quarter. Nuance Investments LLC now owns 5,271,494 shares of the company's stock worth $216,606,000 after purchasing an additional 778,005 shares during the last quarter. Earnest Partners LLC grew its position in Qiagen by 11.1% in the 2nd quarter. Earnest Partners LLC now owns 3,807,284 shares of the company's stock worth $156,441,000 after purchasing an additional 379,679 shares during the period. DekaBank Deutsche Girozentrale raised its stake in Qiagen by 12.2% during the 2nd quarter. DekaBank Deutsche Girozentrale now owns 3,248,354 shares of the company's stock valued at $133,292,000 after buying an additional 353,280 shares during the last quarter. Finally, Victory Capital Management Inc. lifted its holdings in shares of Qiagen by 62.6% during the 3rd quarter. Victory Capital Management Inc. now owns 2,574,705 shares of the company's stock valued at $117,329,000 after buying an additional 991,325 shares during the period. 70.00% of the stock is owned by hedge funds and other institutional investors.
Qiagen Price Performance
Qiagen stock traded down $0.56 during midday trading on Friday, hitting $45.40. 2,129,085 shares of the company's stock were exchanged, compared to its average volume of 790,870. The company has a market cap of $10.36 billion, a P/E ratio of 116.41, a PEG ratio of 3.52 and a beta of 0.35. The company has a debt-to-equity ratio of 0.39, a quick ratio of 1.89 and a current ratio of 2.17. The stock has a 50-day moving average price of $43.21 and a two-hundred day moving average price of $43.72. Qiagen has a 52-week low of $39.03 and a 52-week high of $47.44.
Qiagen Company Profile
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Get Free ReportQIAGEN 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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