Bruker Stock Rating Lowered by Zacks (BRKR)
Bruker (NASDAQ:BRKR) was downgraded by Zacks from an “outperform” rating to a “neutral” rating in a note issued to investors on Monday. They currently have a $25.40 price target on the stock. Zacks‘s target price would indicate a potential upside of 22.82% from the company’s current price.
Shares of Bruker (NASDAQ:BRKR) traded down 3.00% on Monday, hitting $20.06. The stock had a trading volume of 858,656 shares. Bruker has a one year low of $17.75 and a one year high of $24.93. The stock’s 50-day moving average is $23.45 and its 200-day moving average is $22.20. The company has a market cap of $3.362 billion and a price-to-earnings ratio of 45.05.
Bruker (NASDAQ:BRKR) last announced its earnings results on Wednesday, August 6th. The company reported $0.21 earnings per share for the quarter, beating the analysts’ consensus estimate of $0.19 by $0.02. The company had revenue of $457.40 million for the quarter, compared to the consensus estimate of $457.90 million. During the same quarter last year, the company posted $0.18 earnings per share. Bruker’s revenue was up .5% compared to the same quarter last year. On average, analysts predict that Bruker will post $0.81 earnings per share for the current fiscal year.
Several other analysts have also recently commented on the stock. Analysts at Citigroup Inc. initiated coverage on shares of Bruker in a research note on Thursday, July 17th. They set a “buy” rating on the stock. Separately, analysts at ISI Group downgraded shares of Bruker from a “buy” rating to a “neutral” rating in a research note on Tuesday, July 8th. They now have a $25.50 price target on the stock. Finally, analysts at Cowen and Company raised their price target on shares of Bruker from $25.00 to $27.50 in a research note on Tuesday, July 1st. Four equities research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company’s stock. Bruker has an average rating of “Buy” and an average target price of $25.60.
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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