BTIG Research initiated coverage on shares of Bruker (NASDAQ:BRKR) in a report published on Friday, January 5th, Marketbeat reports. The firm issued a buy rating and a $42.00 target price on the medical research company’s stock.
Other research analysts also recently issued research reports about the stock. Zacks Investment Research raised shares of Bruker from a hold rating to a buy rating and set a $39.00 price objective for the company in a research report on Thursday, January 4th. Evercore ISI assumed coverage on shares of Bruker in a research report on Wednesday, January 3rd. They issued an in-line rating and a $36.00 price objective for the company. Cowen reissued a hold rating and issued a $35.00 price objective on shares of Bruker in a research report on Thursday, December 21st. Morgan Stanley reissued an equal weight rating and issued a $35.00 price objective on shares of Bruker in a research report on Thursday, December 14th. Finally, Citigroup lifted their target price on shares of Bruker from $29.00 to $34.00 and gave the stock a neutral rating in a report on Friday, November 3rd. Two investment analysts have rated the stock with a sell rating, ten have given a hold rating and five have given a buy rating to the stock. Bruker currently has a consensus rating of Hold and a consensus target price of $32.38.
Shares of Bruker (NASDAQ:BRKR) opened at $34.50 on Friday. The company has a debt-to-equity ratio of 0.65, a current ratio of 2.60 and a quick ratio of 1.60. Bruker has a 52 week low of $21.83 and a 52 week high of $36.53. The stock has a market cap of $5,410.00, a price-to-earnings ratio of 36.70, a price-to-earnings-growth ratio of 2.71 and a beta of 1.12.
Bruker (NASDAQ:BRKR) last issued its quarterly earnings results on Thursday, November 2nd. The medical research company reported $0.29 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.27 by $0.02. Bruker had a net margin of 8.85% and a return on equity of 25.83%. The firm had revenue of $435.60 million for the quarter, compared to analyst estimates of $415.45 million. During the same period in the previous year, the business earned $0.32 EPS. The company’s revenue was up 10.6% compared to the same quarter last year. equities research analysts anticipate that Bruker will post 1.19 earnings per share for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which was paid on Friday, December 22nd. Shareholders of record on Monday, December 4th were issued a $0.04 dividend. This represents a $0.16 dividend on an annualized basis and a yield of 0.46%. The ex-dividend date of this dividend was Friday, December 1st. Bruker’s dividend payout ratio is currently 17.02%.
Hedge funds and other institutional investors have recently bought and sold shares of the business. Acrospire Investment Management LLC boosted its holdings in Bruker by 496.1% in the 2nd quarter. Acrospire Investment Management LLC now owns 3,827 shares of the medical research company’s stock valued at $110,000 after purchasing an additional 3,185 shares during the period. SG Americas Securities LLC bought a new stake in Bruker in the 2nd quarter valued at about $111,000. Zions Bancorporation bought a new stake in Bruker in the 3rd quarter valued at about $119,000. Zurcher Kantonalbank Zurich Cantonalbank boosted its holdings in Bruker by 11.3% in the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 4,599 shares of the medical research company’s stock valued at $133,000 after purchasing an additional 467 shares during the period. Finally, The Manufacturers Life Insurance Company boosted its holdings in Bruker by 7.1% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 5,003 shares of the medical research company’s stock valued at $144,000 after purchasing an additional 331 shares during the period. 65.60% of the stock is owned by hedge funds and other institutional investors.
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Bruker Company Profile
Bruker Corporation designs and manufactures scientific instruments, and analytical and diagnostic solutions. Its segments include the Bruker BioSpin Group; the Bruker Chemicals, Applied Markets, Life Science, In-Vitro Diagnostics, Detection (CALID) Group; the Bruker Nano Group, and the Bruker Energy & Supercon Technologies (BEST) Segment.
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