Qiagen (QGEN) Gets a Hold Rating from Jefferies

In a report released yesterday, Peter Welford from Jefferies maintained a Hold rating on Qiagen (QGEN), with a price target of EUR47.00. The company’s shares closed last Tuesday at $47.84.

According to TipRanks.com, Welford is a 5-star analyst with an average return of 19.2% and a 62.6% success rate. Welford covers the Healthcare sector, focusing on stocks such as Roche Holding AG, AstraZeneca, and Sanofi.

Qiagen has an analyst consensus of Hold, with a price target consensus of $57.92.

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Based on Qiagen’s latest earnings release for the quarter ending December 31, the company reported a quarterly revenue of $571 million and net profit of $213 million. In comparison, last year the company earned revenue of $413 million and had a net profit of $44.93 million.

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QIAGEN NV is a holding company, which engages in the provision of sample and assay technology to transform biological samples into valuable molecular insights. It offers bioinformatics, molecular diagnostics, next-gen sequencing, and genomic services. The company was founded by Detlev H. Riesner and Metin Colpan on April 29, 1996 and is headquartered in Venlo, the Netherlands.

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