DZ BANK AG Upgrades Qiagen (QGEN) to Buy

In a report released today, Sven Olaf Kuerten from DZ BANK AG upgraded Qiagen (QGENResearch Report) to Buy. The company’s shares closed last Friday at $48.48.

Kuerten has an average return of 4.8% when recommending Qiagen.

According to TipRanks.com, Kuerten is ranked #7091 out of 7778 analysts.

Currently, the analyst consensus on Qiagen is a Moderate Buy with an average price target of $56.94.

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Based on Qiagen’s latest earnings release for the quarter ending September 30, the company reported a quarterly revenue of $535 million and net profit of $133 million. In comparison, last year the company earned revenue of $484 million and had a net profit of $16.91 million.

Based on the recent corporate insider activity of 23 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of QGEN in relation to earlier this year.

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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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