Bruker (BRKR) Receives New Coverage from Analysts at BTIG Research
BTIG Research assumed coverage on shares of Bruker (NASDAQ:BRKR) in a report published on Friday. The brokerage issued a buy rating and a $42.00 price objective on the medical research company’s stock.
Several other brokerages also recently commented on BRKR. Evercore ISI started coverage on Bruker in a research note on Wednesday. They issued an in-line rating and a $36.00 price objective for the company. Citigroup increased their price objective on Bruker from $29.00 to $34.00 and gave the stock a neutral rating in a research note on Friday, November 3rd. Zacks Investment Research downgraded Bruker from a buy rating to a hold rating in a research note on Friday, November 10th. Cowen reissued a hold rating and issued a $35.00 price objective on shares of Bruker in a research note on Thursday, December 21st. Finally, Goldman Sachs Group reissued a sell rating and issued a $24.00 price objective on shares of Bruker in a research note on Tuesday, September 26th. Two equities research analysts have rated the stock with a sell rating, nine have issued a hold rating and six have given a buy rating to the stock. The company currently has an average rating of Hold and an average price target of $32.38.
Bruker (NASDAQ BRKR) opened at $35.99 on Friday. Bruker has a 52 week low of $21.68 and a 52 week high of $36.53. The company has a debt-to-equity ratio of 0.65, a quick ratio of 1.60 and a current ratio of 2.60. The firm has a market capitalization of $5,443.14, a P/E ratio of 38.29, a P/E/G ratio of 2.63 and a beta of 1.12.
Bruker (NASDAQ:BRKR) last posted its quarterly earnings results on Thursday, November 2nd. The medical research company reported $0.29 earnings per share for the quarter, topping analysts’ consensus estimates of $0.27 by $0.02. Bruker had a return on equity of 25.83% and a net margin of 8.85%. The business had revenue of $435.60 million for the quarter, compared to the consensus estimate of $415.45 million. During the same period in the prior year, the business earned $0.32 EPS. The firm’s revenue for the quarter was up 10.6% on a year-over-year basis. analysts anticipate that Bruker will post 1.19 earnings per share for the current year.
The firm also recently announced a quarterly dividend, which was paid on Friday, December 22nd. Stockholders of record on Monday, December 4th were issued a $0.04 dividend. This represents a $0.16 annualized dividend and a dividend yield of 0.44%. The ex-dividend date of this dividend was Friday, December 1st. Bruker’s dividend payout ratio is presently 17.02%.
Several hedge funds have recently added to or reduced their stakes in the company. Public Employees Retirement System of Ohio grew its holdings in shares of Bruker by 24.1% in the third quarter. Public Employees Retirement System of Ohio now owns 58,142 shares of the medical research company’s stock valued at $1,730,000 after acquiring an additional 11,274 shares in the last quarter. GSA Capital Partners LLP grew its holdings in shares of Bruker by 158.9% in the third quarter. GSA Capital Partners LLP now owns 109,601 shares of the medical research company’s stock valued at $3,261,000 after acquiring an additional 67,265 shares in the last quarter. Piedmont Investment Advisors LLC grew its holdings in shares of Bruker by 23.8% in the third quarter. Piedmont Investment Advisors LLC now owns 64,664 shares of the medical research company’s stock valued at $1,924,000 after acquiring an additional 12,429 shares in the last quarter. California Public Employees Retirement System grew its holdings in shares of Bruker by 9.7% in the third quarter. California Public Employees Retirement System now owns 248,216 shares of the medical research company’s stock valued at $7,384,000 after acquiring an additional 22,016 shares in the last quarter. Finally, Point72 Asset Management L.P. grew its holdings in shares of Bruker by 8.2% in the third quarter. Point72 Asset Management L.P. now owns 667,400 shares of the medical research company’s stock valued at $19,855,000 after acquiring an additional 50,800 shares in the last quarter. 65.60% of the stock is owned by 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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