Bruker Corporation (BRKR) Shares Up -0.2% Following Analyst Upgrade
Bruker Corporation (NASDAQ:BRKR)’s share price shot up 0.2% during trading on Monday after Citigroup raised their price target on the stock from $29.00 to $34.00. Citigroup currently has a neutral rating on the stock. Bruker Corporation traded as high as $35.16 and last traded at $33.27. 440,254 shares changed hands during mid-day trading, a decline of 13% from the average session volume of 505,984 shares. The stock had previously closed at $33.34.
BRKR has been the topic of several other reports. Bank of America Corporation upgraded shares of Bruker Corporation from an “underperform” rating to a “neutral” rating and set a $34.00 price target on the stock in a research note on Friday. BidaskClub downgraded shares of Bruker Corporation from a “buy” rating to a “hold” rating in a research note on Wednesday, August 9th. Cowen and Company restated a “hold” rating and issued a $29.00 price target on shares of Bruker Corporation in a research note on Friday. J P Morgan Chase & Co upgraded shares of Bruker Corporation from an “underweight” rating to a “neutral” rating and set a $28.00 price target on the stock in a research note on Friday. Finally, Barclays PLC restated an “equal weight” rating and issued a $30.00 price target (up from $26.00) on shares of Bruker Corporation in a research note on Monday, July 17th. Two investment analysts have rated the stock with a sell rating, ten have issued a hold rating and five have given a buy rating to the company. The company has an average rating of “Hold” and an average price target of $28.58.
In other news, CEO Frank H. Laukien acquired 2,335 shares of the business’s stock in a transaction that occurred on Thursday, August 10th. The stock was acquired at an average price of $27.39 per share, with a total value of $63,955.65. Following the completion of the transaction, the chief executive officer now directly owns 37,791,386 shares of the company’s stock, valued at approximately $1,035,106,062.54. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, VP Mark Munch sold 21,061 shares of the company’s stock in a transaction dated Wednesday, September 13th. The stock was sold at an average price of $29.97, for a total transaction of $631,198.17. Following the sale, the vice president now directly owns 60,524 shares of the company’s stock, valued at approximately $1,813,904.28. The disclosure for this sale can be found here. Corporate insiders own 35.20% of the company’s stock.
A number of institutional investors and hedge funds have recently bought and sold shares of the stock. Alps Advisors Inc. lifted its position in Bruker Corporation by 0.3% during the second quarter. Alps Advisors Inc. now owns 20,154 shares of the medical research company’s stock worth $581,000 after purchasing an additional 52 shares during the period. Utah Retirement Systems lifted its holdings in shares of Bruker Corporation by 1.1% in the second quarter. Utah Retirement Systems now owns 19,189 shares of the medical research company’s stock worth $553,000 after acquiring an additional 200 shares during the last quarter. Federated Investors Inc. PA lifted its holdings in shares of Bruker Corporation by 0.3% in the second quarter. Federated Investors Inc. PA now owns 60,553 shares of the medical research company’s stock worth $1,746,000 after acquiring an additional 204 shares during the last quarter. Tudor Investment Corp ET AL lifted its holdings in shares of Bruker Corporation by 1.5% in the second quarter. Tudor Investment Corp ET AL now owns 15,980 shares of the medical research company’s stock worth $461,000 after acquiring an additional 242 shares during the last quarter. Finally, Public Employees Retirement System of Ohio lifted its holdings in shares of Bruker Corporation by 0.7% in the first quarter. Public Employees Retirement System of Ohio now owns 48,267 shares of the medical research company’s stock worth $1,126,000 after acquiring an additional 312 shares during the last quarter. 65.73% of the stock is owned by institutional investors and hedge funds.
The company has a market capitalization of $5,279.47, a price-to-earnings ratio of 28.50, a P/E/G ratio of 3.29 and a beta of 1.05. The company has a debt-to-equity ratio of 0.56, a current ratio of 2.63 and a quick ratio of 1.61.
Bruker Corporation (NASDAQ:BRKR) last posted its earnings results on Thursday, November 2nd. The medical research company reported $0.29 EPS for the quarter, topping analysts’ consensus estimates of $0.27 by $0.02. The firm had revenue of $435.60 million during the quarter, compared to analysts’ expectations of $415.45 million. Bruker Corporation had a net margin of 8.85% and a return on equity of 25.93%. The business’s revenue for the quarter was up 10.6% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.32 earnings per share. analysts anticipate that Bruker Corporation will post 1.17 EPS for the current year.
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Bruker Corporation 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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