ISI Group Increases Bruker Corp. Price Target to $24.50 (BRKR)
Investment analysts at ISI Group boosted their price target on shares of Bruker Corp. (NASDAQ:BRKR) from $23.50 to $24.50 in a note issued to investors on Wednesday, AR Network reports. ISI Group’s target price points to a potential upside of 12.08% from the stock’s previous close.
Shares of Bruker Corp. (NASDAQ:BRKR) traded up 2.70% during mid-day trading on Wednesday, hitting $22.45. 3,063,317 shares of the company’s stock traded hands. Bruker Corp. has a 1-year low of $15.41 and a 1-year high of $23.71. The stock’s 50-day moving average is $20.62 and its 200-day moving average is $20.01. The company has a market cap of $3.753 billion and a price-to-earnings ratio of 64.29.
Bruker Corp. (NASDAQ:BRKR) last posted its quarterly earnings results on Tuesday, February 18th. The company reported $0.31 earnings per share for the quarter, beating the analysts’ consensus estimate of $0.22 by $0.09. The company had revenue of $552.10 million for the quarter, compared to the consensus estimate of $452.14 million. On average, analysts predict that Bruker Corp. will post $0.88 earnings per share for the current fiscal year.
Separately, analysts at Zacks downgraded shares of Bruker Corp. from a “neutral” rating to an “underperform” rating in a research note on Thursday, January 2nd. They now have a $18.80 price target on the stock. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating and seven have given a buy rating to the company. The stock presently has an average rating of “Buy” and an average target price of $23.53.
Bruker Corporation (NASDAQ:BRKR) is a global manufacturer of scientific instruments that address the rapidly evolving needs of a diverse array of customers in life science, pharmaceutical, biotechnology, clinical and molecular diagnostics research, as well as in materials and chemical analysis in various industries and government applications.
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