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Equities research analysts at Cowen and Company increased their price objective on shares of Bruker (NASDAQ:BRKR) from $25.00 to $27.50 in a research note issued to investors on Tuesday. Cowen and Company’s price target suggests a potential upside of 11.97% from the stock’s previous close.

Several other analysts have also recently commented on the stock. Analysts at Wells Fargo & Co. upgraded shares of Bruker from a “market perform” rating to an “outperform” rating in a research note on Thursday, June 19th. Analysts at ISI Group cut their price target on shares of Bruker to $24.50 in a research note on Thursday, May 8th. Three equities research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the stock. Bruker currently has a consensus rating of “Buy” and an average price target of $24.90.

Bruker (NASDAQ:BRKR) traded up 1.19% on Tuesday, hitting $24.56. The stock had a trading volume of 644,229 shares. Bruker has a 1-year low of $15.41 and a 1-year high of $24.93. The stock has a 50-day moving average of $22.04 and a 200-day moving average of $21.59. The company has a market cap of $4.114 billion and a price-to-earnings ratio of 48.64.

Bruker (NASDAQ:BRKR) last announced its earnings results on Wednesday, May 7th. The company reported $0.11 EPS for the quarter, beating the Thomson Reuters consensus estimate of $0.09 by $0.02. The company had revenue of $423.70 million for the quarter, compared to the consensus estimate of $402.04 million. During the same quarter in the prior year, the company posted $0.08 earnings per share. The company’s quarterly revenue was up 7.7% on a year-over-year basis. On average, analysts predict that Bruker will post $0.88 earnings per share for the current fiscal year.

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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