Qiagen NV
QIA: XETR (DEU)
Morningstar Rating for Stocks | Fair Value | Economic Moat | Capital Allocation |
---|---|---|---|
€58.00 | Wkbk | Jsyzjpdk |
Qiagen Continues to Execute Well in Q3; Shares Mildly Undervalued
No-moat Qiagen turned in better-than-anticipated third-quarter results and increased its guidance for the full year on a constant currency basis. However, even after incorporating those strong trends, our expectations for Qiagen have not changed much when considering foreign currency headwinds on an absolute basis. Qiagen shares still appear mildly undervalued to us.