Qiagen (QGEN) Gets a Sell Rating from Independent Research

In a report released today, Tobias Gottschalt from Independent Research maintained a Sell rating on Qiagen (QGENResearch Report), with a price target of EUR36.00. The company’s shares closed last Thursday at $50.48.

According to TipRanks.com, Gottschalt is ranked #6045 out of 7021 analysts.

Currently, the analyst consensus on Qiagen is a Moderate Buy with an average price target of $58.40.

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Based on Qiagen’s latest earnings release for the quarter ending June 30, the company reported a quarterly revenue of $443 million and net profit of $89.76 million. In comparison, last year the company earned revenue of $382 million and had a net profit of $44.73 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.