Raymond James Increases Quidel Corp. Price Target to $26.00 (QDEL)
Equities research analysts at Raymond James raised their target price on shares of Quidel Corp. (NASDAQ:QDEL) from $24.00 to $26.00 in a research note issued to investors on Wednesday. The firm currently has an “outperform” rating on the stock. Raymond James’ price objective indicates a potential upside of 3.26% from the company’s current price.
Quidel Corp. (NASDAQ:QDEL) traded up 12.63% on Wednesday, hitting $25.33. 698,850 shares of the company’s stock traded hands. Quidel Corp. has a 52 week low of $19.21 and a 52 week high of $32.24. The stock’s 50-day moving average is $22.52 and its 200-day moving average is $25.5. The company’s market cap is $866.8 million.
Quidel Corp. (NASDAQ:QDEL) last released its earnings data on Tuesday, July 22nd. The company reported ($0.10) EPS for the quarter, beating the Thomson Reuters consensus estimate of ($0.16) by $0.06. The company had revenue of $31.50 million for the quarter, compared to the consensus estimate of $31.90 million. During the same quarter in the prior year, the company posted ($0.06) earnings per share. The company’s quarterly revenue was up 6.1% on a year-over-year basis. On average, analysts predict that Quidel Corp. will post $-0.14 earnings per share for the current fiscal year.
QDEL has been the subject of a number of other recent research reports. Analysts at Canaccord Genuity cut their price target on shares of Quidel Corp. from $28.00 to $26.00 in a research note on Wednesday. They now have a “buy” rating on the stock. Separately, analysts at JPMorgan Chase & Co. reiterated a “neutral” rating on shares of Quidel Corp. in a research note on Wednesday. They now have a $22.00 price target on the stock, up previously from $21.00. Finally, analysts at Wedbush upgraded shares of Quidel Corp. from an “underperform” rating to a “neutral” rating in a research note on Wednesday. They now have a $20.00 price target on the stock, up previously from $18.00. One investment analyst has rated the stock with a sell rating, five have given a hold rating and two have issued a buy rating to the stock. Quidel Corp. presently has an average rating of “Hold” and an average target price of $23.00.
Quidel Corporation is engaged in the development, manufacturing and marketing of diagnostic testing solutions.
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