Published On: Thu, Sep 8th, 2016

Cepheid (CPHD) Price Target Raised to $52.00 at Barclays PLC

Cepheid (NASDAQ:CPHD) had its target price upped by investment analysts at Barclays PLC from $36.00 to $52.00 in a research note issued to investors on Wednesday. The firm currently has an “equal weight” rating on the stock. Barclays PLC‘s target price would suggest a potential downside of 1.23% from the company’s current price.
Several other analysts also recently weighed in on the stock. Jefferies Group lifted their target price on shares of Cepheid from $28.00 to $34.00 and gave the company a “hold” rating in a report on Wednesday, August 17th. Canaccord Genuity reiterated a “hold” rating and issued a $32.00 target price on shares of Cepheid in a report on Wednesday, June 29th. Piper Jaffray Cos. downgraded shares of Cepheid from an “overweight” rating to a “neutral” rating in a report on Tuesday. Zacks Investment Research upgraded shares of Cepheid from a “hold” rating to a “buy” rating and set a $32.00 price target for the company in a research note on Tuesday, June 28th. Finally, Needham & Company LLC downgraded shares of Cepheid from a “buy” rating to a “hold” rating in a research note on Tuesday. One equities research analyst has rated the stock with a sell rating, fourteen have assigned a hold rating, seven have given a buy rating and one has assigned a strong buy rating to the company’s stock. The stock has a consensus rating of “Hold” and a consensus target price of $41.58.
In other news, VP Scott A. Campbell sold 746 shares of the company’s stock in a transaction dated Thursday, August 4th. The shares were sold at an average price of $36.71, for a total value of $27,385.66. Following the completion of the sale, the vice president now directly owns 10,721 shares of the company’s stock, valued at $393,567.91. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. 4.16% of the stock is currently owned by insiders.

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Other large investors have made changes to their positions in the company. BlackRock Institutional Trust Company N.A. raised its position in shares of Cepheid by 2.0% in the first quarter. BlackRock Institutional Trust Company N.A. now owns 1,829,588 shares of the company’s stock worth $61,035,000 after buying an additional 36,476 shares during the period. Kornitzer Capital Management Inc. KS raised its position in shares of Cepheid by 4.2% in the second quarter. Kornitzer Capital Management Inc. KS now owns 1,273,705 shares of the company’s stock worth $39,166,000 after buying an additional 51,870 shares during the period. Norges Bank purchased a new position in shares of Cepheid during the fourth quarter worth about $32,233,000. Granahan Investment Management Inc. MA raised its position in shares of Cepheid by 63.6% in the first quarter. Granahan Investment Management Inc. MA now owns 847,900 shares of the company’s stock worth $28,286,000 after buying an additional 329,500 shares during the period. Finally, Geode Capital Management LLC raised its position in shares of Cepheid by 1.7% in the first quarter. Geode Capital Management LLC now owns 527,968 shares of the company’s stock worth $17,612,000 after buying an additional 8,809 shares during the period. 95.60% of the stock is owned by institutional investors and hedge funds.
Cepheid (NASDAQ:CPHD) traded up 0.23% during trading on Wednesday, hitting $52.65. The company had a trading volume of 6,641,056 shares. The firm’s 50 day moving average is $36.08 and its 200-day moving average is $32.23. Cepheid has a 52-week low of $25.09 and a 52-week high of $53.19. The stock’s market capitalization is $3.84 billion.
Cepheid (NASDAQ:CPHD) last posted its earnings results on Thursday, July 28th. The company reported $0.05 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.14) by $0.19. The company earned $146 million during the quarter, compared to analyst estimates of $145.82 million. The firm’s revenue for the quarter was up 10.2% on a year-over-year basis. During the same quarter last year, the business posted ($0.06) EPS. On average, equities analysts forecast that Cepheid will post $0.33 earnings per share for the current year.
Cepheid is a molecular diagnostics company. The Company develops, manufactures and markets fully-integrated systems for testing in the Clinical and Non-Clinical markets. The Company’s systems enable molecular testing for organisms and genetic-based diseases by automating otherwise complex manual laboratory procedures.
To view Barclays PLC’s full report, visit Barclays PLC’s official website.

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