Qiagen (QGEN) Stock Forecast, Price & News

5 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Qiagen in the last twelve months. There are currently 3 hold ratings and 2 buy ratings for the stock. The consensus among Wall Street research analysts is that investors should "hold" QGEN shares. A hold rating indicates that analysts believe investors should maintain any existing positions they have in QGEN, but not buy additional shares or sell existing shares.
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5 equities research analysts have issued twelve-month target prices for Qiagen's stock. Their QGEN share price forecasts range from $50.00 to $60.00. On average, they anticipate the company's share price to reach $54.87 in the next year. This suggests a possible upside of 22.1% from the stock's current price.
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Qiagen's stock was trading at $49.87 at the start of the year. Since then, QGEN shares have decreased by 9.9% and is now trading at $44.95.
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Qiagen saw a drop in short interest in the month of April. As of April 30th, there was short interest totaling 3,130,000 shares, a drop of 20.6% from the April 15th total of 3,940,000 shares. Based on an average daily trading volume, of 779,200 shares, the days-to-cover ratio is currently 4.0 days. Currently, 1.4% of the shares of the company are short sold.
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The company is scheduled to release its next quarterly earnings announcement on Tuesday, July 25th 2023.
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Qiagen (NYSE:QGEN) released its quarterly earnings data on Wednesday, May, 3rd. The company reported $0.51 earnings per share for the quarter, beating analysts' consensus estimates of $0.47 by $0.04. The firm had revenue of $485.40 million for the quarter, compared to the consensus estimate of $478.23 million. Qiagen had a net margin of 17.66% and a trailing twelve-month return on equity of 14.08%. The company's revenue was down 22.8% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.80 earnings per share.

ETFs with the largest weight of Qiagen (NYSE:QGEN) stock in their portfolio include Global X Genomics & Biotechnology ETF (GNOM), First Trust Nasdaq Lux Digital Health Solutions ETF (EKG), First Trust NYSE Arca Biotechnology Index Fund (FBT), Newday Ocean Health ETF (AHOY), VanEck Biotech ETF (BBH), Franklin Genomic Advancements ETF (HELX), ROBO Global Healthcare Technology and Innovation ETF (HTEC) and WisdomTree BioRevolution Fund (WDNA).

Qiagen issued an update on its FY 2023 earnings guidance on Wednesday, May, 3rd. The company provided earnings per share (EPS) guidance of $2.10- for the period, compared to the consensus EPS estimate of $2.10. The company issued revenue guidance of $2.05B-, compared to the consensus revenue estimate of $2.06 billion.

33 employees have rated Qiagen Chief Executive Officer Thierry Bernard on Glassdoor.com. Thierry Bernard has an approval rating of 65% among the company's employees.

Based on aggregate information from My MarketBeat watchlists, some companies that other Qiagen investors own include NVIDIA (NVDA), QUALCOMM (QCOM), Gilead Sciences (GILD), Advanced Micro Devices (AMD), PayPal (PYPL), Netflix (NFLX), Pfizer (PFE), Cisco Systems (CSCO), Amgen (AMGN) and Lam Research (LRCX).

Qiagen trades on the New York Stock Exchange (NYSE) under the ticker symbol "QGEN."

Qiagen's stock is owned by a variety of retail and institutional investors. Top institutional shareholders include BlackRock Inc. (3.36%), FIL Ltd (1.35%), DekaBank Deutsche Girozentrale (1.27%), Perpetual Ltd (1.23%), Arrowstreet Capital Limited Partnership (1.22%) and Wellington Management Group LLP (1.21%).

Shares of QGEN stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
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One share of QGEN stock can currently be purchased for approximately $44.95.

Qiagen (NYSE:QGEN) has a market capitalization of $10.24 billion and generates $2.14 billion in revenue each year. The company earns $423.21 million in net income (profit) each year or $1.54 on an earnings per share basis.

The company employs 6,178 workers across the globe.

Qiagen's mailing address is HULSTERWEG 82, VENLO P7, 5912. The official website for the company is www.qiagen.com. The company can be reached via phone at (177) 355-6600, via email at ir@qiagen.com, or via fax at 31-77-355-6658.