BidaskClub lowered shares of Bruker (NASDAQ:BRKR) from a strong-buy rating to a buy rating in a report issued on Thursday.
BRKR has been the topic of several other reports. Zacks Investment Research raised Bruker from a hold rating to a buy rating and set a $37.00 price target on the stock in a research report on Wednesday, November 8th. Bank of America raised Bruker from an underperform rating to a neutral rating and set a $34.00 price target on the stock in a research report on Friday, November 3rd. Cowen reissued a hold rating and set a $29.00 price target on shares of Bruker in a research report on Friday, November 3rd. BTIG Research initiated coverage on Bruker in a research report on Friday, January 5th. They set a buy rating and a $42.00 price target on the stock. Finally, JPMorgan Chase & Co. upgraded Bruker from an underweight rating to a neutral rating and set a $28.00 price objective on the stock in a report on Friday, November 3rd. Two analysts have rated the stock with a sell rating, ten have assigned a hold rating and five have given a buy rating to the stock. The stock has an average rating of Hold and a consensus target price of $32.38.
Bruker (BRKR) traded up $0.47 during trading on Thursday, reaching $34.97. The company had a trading volume of 564,310 shares, compared to its average volume of 412,789. The firm has a market cap of $5,440.04, a price-to-earnings ratio of 37.20, a PEG ratio of 2.63 and a beta of 1.12. The company has a quick ratio of 1.60, a current ratio of 2.60 and a debt-to-equity ratio of 0.65. Bruker has a 12-month low of $21.83 and a 12-month high of $36.53.
Bruker (NASDAQ:BRKR) last released its quarterly earnings results on Thursday, November 2nd. The medical research company reported $0.29 EPS for the quarter, topping the consensus estimate of $0.27 by $0.02. The firm had revenue of $435.60 million for the quarter, compared to analyst estimates of $415.45 million. Bruker had a return on equity of 25.83% and a net margin of 8.85%. Bruker’s revenue for the quarter was up 10.6% on a year-over-year basis. During the same period in the previous year, the company posted $0.32 EPS. sell-side analysts anticipate that Bruker will post 1.19 earnings per share for the current 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 dividend of $0.04 per share. The ex-dividend date was Friday, December 1st. This represents a $0.16 annualized dividend and a yield of 0.46%. Bruker’s dividend payout ratio is presently 17.02%.
Hedge funds have recently bought and sold shares of the business. Koch Industries Inc. increased its holdings in Bruker by 2,573.5% during the 2nd quarter. Koch Industries Inc. now owns 334,774 shares of the medical research company’s stock worth $324,000 after purchasing an additional 322,252 shares during the last quarter. Cubist Systematic Strategies LLC increased its holdings in Bruker by 186.3% during the 2nd quarter. Cubist Systematic Strategies LLC now owns 16,478 shares of the medical research company’s stock worth $475,000 after purchasing an additional 10,723 shares during the last quarter. Verition Fund Management LLC increased its holdings in shares of Bruker by 95.6% in the 2nd quarter. Verition Fund Management LLC now owns 26,891 shares of the medical research company’s stock valued at $776,000 after acquiring an additional 13,140 shares during the last quarter. Stifel Financial Corp bought a new stake in shares of Bruker in the 2nd quarter valued at approximately $575,000. Finally, Teachers Advisors LLC increased its holdings in shares of Bruker by 65.8% in the 2nd quarter. Teachers Advisors LLC now owns 245,720 shares of the medical research company’s stock valued at $7,087,000 after acquiring an additional 97,491 shares during the last quarter. Institutional investors own 65.60% of the company’s stock.
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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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