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Why Qiagen's Stock Is Trading Higher Today

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Why Qiagen's Stock Is Trading Higher Today

Qiagen NV (NYSE: QGEN) shares are trading higher on Friday after Deutsche Bank upgraded the stock from Hold to Buy and raised its price target on the stock from $32 to $60 per share.

Qiagen offers proprietary sample and assay technology to extract, purify, amplify, and interpret DNA, RNA, and proteins. The company's sales are split almost evenly between applications in life sciences (52% of 2019 sales) and molecular diagnostics (48% of sales).

Qiagen generates nearly 90% of its revenue from consumables with the balance coming from instrumentation and related services. The Americas account for the largest portion of the firm's revenue (47%), followed by EMEA (32%) and Asia-Pacific (21%).

Qiagen shares were trading up 2.77% at $50.02 on Friday at the time of publication. The stock has a 52-week high of $50.97 and a 52-week low of $25.04.

Latest Ratings for QGEN

DateFirmActionFromTo
Sep 2020Kepler CheuvreuxUpgradesHoldBuy
Aug 2020CommerzbankUpgradesHoldBuy
Aug 2020CitigroupUpgradesNeutralBuy

View More Analyst Ratings for QGEN
View the Latest Analyst Ratings

 

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Posted-In: why it's movingUpgrades Analyst Ratings

Latest Ratings

StockFirmActionPT
STOKNeedhamInitiates Coverage On42.0
BMRCJanney CapitalUpgrades33.0
CLBABN AmroUpgrades
CRMDJMP SecuritiesInitiates Coverage On22.0
CXDOB. Riley FBRInitiates Coverage On8.0
View the Latest Analytics Ratings
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