Bruker Corporation (BRKR) Lifted to Neutral at Bank of America Corporation

Bank of America Corporation upgraded shares of Bruker Corporation (NASDAQ:BRKR) from an underperform rating to a neutral rating in a research note issued to investors on Friday, November 3rd, Marketbeat.com reports. They currently have $34.00 price target on the medical research company’s stock.

Other analysts have also issued reports about the stock. Wells Fargo & Company lowered shares of Bruker Corporation from a market perform rating to an underperform rating in a research report on Wednesday, July 12th. Zacks Investment Research upgraded shares of Bruker Corporation from a hold rating to a buy rating and set a $33.00 price target for the company in a research report on Thursday, July 6th. BidaskClub lowered shares of Bruker Corporation from a strong-buy rating to a buy rating in a research report on Friday, July 28th. Barclays PLC restated an equal weight rating and set a $30.00 price target (up from $26.00) on shares of Bruker Corporation in a research report on Monday, July 17th. Finally, Cowen and Company reaffirmed a hold rating and set a $29.00 price objective on shares of Bruker Corporation in a research note on Friday, July 14th. Two research analysts have rated the stock with a sell rating, ten have assigned a hold rating and four have issued a buy rating to the company’s stock. Bruker Corporation has a consensus rating of Hold and an average target price of $29.64.

Shares of Bruker Corporation (NASDAQ:BRKR) opened at $35.22 on Friday. The company has a debt-to-equity ratio of 0.65, a quick ratio of 1.60 and a current ratio of 2.60. Bruker Corporation has a 1 year low of $21.03 and a 1 year high of $35.42. The stock has a market cap of $5,348.25, a PE ratio of 29.39, a price-to-earnings-growth ratio of 2.91 and a beta of 1.05.

Bruker Corporation (NASDAQ:BRKR) last posted 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 Corporation had a net margin of 8.85% and a return on equity of 25.83%. The business had revenue of $435.60 million during the quarter, compared to analyst estimates of $415.45 million. During the same period in the prior year, the business posted $0.32 earnings per share. The company’s revenue was up 10.6% on a year-over-year basis. equities research analysts anticipate that Bruker Corporation will post 1.19 EPS for the current year.

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The business also recently declared a quarterly dividend, which will be paid on Friday, December 22nd. Investors of record on Monday, December 4th will be paid a $0.04 dividend. This represents a $0.16 dividend on an annualized basis and a yield of 0.45%. The ex-dividend date is Friday, December 1st. Bruker Corporation’s payout ratio is currently 17.02%.

In related news, VP Mark Munch sold 21,061 shares of the stock in a transaction dated Wednesday, September 13th. The shares were sold at an average price of $29.97, for a total value of $631,198.17. Following the completion of the transaction, the vice president now directly owns 60,524 shares of the company’s stock, valued at $1,813,904.28. The transaction was disclosed in a legal filing with the SEC, which is available through this link. 35.20% of the stock is owned by corporate insiders.

A number of hedge funds have recently added to or reduced their stakes in the stock. Vanguard Group Inc. raised its stake in Bruker Corporation by 2.9% in the first quarter. Vanguard Group Inc. now owns 9,832,452 shares of the medical research company’s stock worth $229,391,000 after buying an additional 277,111 shares in the last quarter. BlackRock Inc. raised its stake in Bruker Corporation by 3.0% in the second quarter. BlackRock Inc. now owns 4,747,514 shares of the medical research company’s stock worth $136,918,000 after buying an additional 139,792 shares in the last quarter. Boston Partners raised its stake in Bruker Corporation by 3.6% in the second quarter. Boston Partners now owns 2,773,019 shares of the medical research company’s stock worth $79,973,000 after buying an additional 96,791 shares in the last quarter. Victory Capital Management Inc. raised its stake in Bruker Corporation by 6.8% in the second quarter. Victory Capital Management Inc. now owns 1,930,209 shares of the medical research company’s stock worth $55,667,000 after buying an additional 123,322 shares in the last quarter. Finally, Russell Investments Group Ltd. increased its stake in shares of Bruker Corporation by 3.9% during the second quarter. Russell Investments Group Ltd. now owns 1,631,538 shares of the medical research company’s stock valued at $47,053,000 after purchasing an additional 60,795 shares in the last quarter. 66.27% of the stock is owned by institutional investors.

About Bruker Corporation

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.

Analyst Recommendations for Bruker Corporation (NASDAQ:BRKR)

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