Today, Canaccord Genuity Reaffirmed “Hold” Rating for Cepheid (CPHD)

Today, Canaccord Genuity Reaffirmed “Hold” Rating for Cepheid (CPHD)

Canaccord Genuity restated their hold rating on shares of Cepheid (NASDAQ:CPHD) in a research note published on Tuesday.

A number of other equities research analysts also recently issued reports on CPHD. JPMorgan Chase & Co. upped their price target on shares of Cepheid from $32.00 to $35.00 and gave the company a neutral rating in a research note on Friday, July 29th. BTIG Research downgraded shares of Cepheid from a buy rating to a neutral rating in a research note on Wednesday, September 7th. Zacks Investment Research raised shares of Cepheid from a hold rating to a strong-buy rating and set a $41.00 target price on the stock in a research note on Monday, August 1st. Barclays PLC raised their target price on shares of Cepheid from $36.00 to $52.00 and gave the stock an equal weight rating in a report on Wednesday, September 7th. Finally, TheStreet upgraded shares of Cepheid from a sell rating to a hold rating in a report on Wednesday, September 28th. Fifteen equities research analysts have rated the stock with a hold rating, four have issued a buy rating and one has issued a strong buy rating to the company’s stock. The company presently has a consensus rating of Hold and a consensus target price of $41.87.

Shares of Cepheid (NASDAQ:CPHD) opened at 52.95 on Tuesday. Cepheid has a 1-year low of $25.09 and a 1-year high of $53.91. The company’s market cap is $3.89 billion. The company’s 50-day moving average is $52.75 and its 200 day moving average is $38.36.

Several hedge funds and other institutional investors have recently modified their holdings of CPHD. Vanguard Group Inc. increased its position in shares of Cepheid by 2.9% in the second quarter. Vanguard Group Inc. now owns 5,330,041 shares of the company’s stock worth $163,899,000 after buying an additional 149,810 shares during the last quarter. Champlain Investment Partners LLC increased its position in shares of Cepheid by 6.9% in the second quarter. Champlain Investment Partners LLC now owns 3,436,980 shares of the company’s stock worth $105,687,000 after buying an additional 222,960 shares during the last quarter. Primecap Management Co. CA increased its position in shares of Cepheid by 0.6% in the second quarter. Primecap Management Co. CA now owns 2,422,300 shares of the company’s stock worth $74,486,000 after buying an additional 14,800 shares during the last quarter. State Street Corp increased its position in shares of Cepheid by 1.8% in the second quarter. State Street Corp now owns 2,034,309 shares of the company’s stock worth $62,554,000 after buying an additional 36,626 shares during the last quarter. Finally, BlackRock Institutional Trust Company N.A. increased its position in shares of Cepheid by 3.3% in the second quarter. BlackRock Institutional Trust Company N.A. now owns 1,889,246 shares of the company’s stock worth $58,094,000 after buying an additional 59,658 shares during the last quarter. 95.75% of the stock is currently owned by hedge funds and other institutional investors.

Cepheid Company Profile

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