Myriad Genetics Receives a Hold from Piper Jaffray

Piper Jaffray analyst William Quirk reiterated a Hold rating on Myriad Genetics (NASDAQ: MYGN) on November 7 and set a price target of $29. The company’s shares closed yesterday at $31.55.

According to TipRanks.com, Quirk is a 4-star analyst with an average return of 5.3% and a 50.3% success rate. Quirk covers the Healthcare sector, focusing on stocks such as Meridian Bioscience Inc, Accelerate Diagnostics, and Pacific Biosciences.

Myriad Genetics has an analyst consensus of Hold, with a price target consensus of $28.50.

Based on Myriad Genetics’ latest earnings report for the quarter ending September 30, the company posted quarterly revenue of $190 million and quarterly net profit of $81.1 million. In comparison, last year the company earned revenue of $178 million and had a GAAP net loss of $1.2 million.

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Myriad Genetics, Inc. engages in the discovery, development, and marketing of transformative molecular diagnostic test. It operates through two segments: Diagnostics and Other.

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