Zacks Investment Research lowered shares of Bruker (NASDAQ:BRKR) from a strong-buy rating to a hold rating in a research note published on Wednesday, January 3rd.

According to Zacks, “Over the past three months, Bruker has been observed to trade above the broader industry.  Of late, the company’s Scientific Instruments segment has been performing well where growth was driven by strong results within NANO and CALID groups. The company raising 2017 guidance, is indicative of brighter prospects. Moving on, the company’s strategic acquisition activity has been encouraging. In this context, the company recently announced the completion of acquisition of Germany-based MERLIN whose products can complement Bruker’s MALDI Biotyper platform. On the flip side, currency fluctuations, competitive landscape and macroeconomic headwinds continue to pose challenges for the company.”

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A number of other equities analysts have also issued reports on BRKR. Goldman Sachs Group reaffirmed a sell rating and set a $24.00 target price on shares of Bruker in a research report on Tuesday, September 26th. Morgan Stanley reiterated an equal weight rating and set a $35.00 price target on shares of Bruker in a research note on Thursday, December 14th. JPMorgan Chase & Co. upgraded shares of Bruker from an underweight rating to a neutral rating and set a $28.00 target price on the stock in a research note on Friday, November 3rd. Cowen restated a hold rating and issued a $35.00 target price on shares of Bruker in a research note on Thursday, December 21st. Finally, Bank of America upgraded shares of Bruker from an underperform rating to a neutral rating and set a $34.00 target price on the stock in a research note on Friday, November 3rd. Two research analysts have rated the stock with a sell rating, ten have assigned a hold rating and five have given a buy rating to the company. Bruker has a consensus rating of Hold and a consensus price target of $32.38.

Bruker (BRKR) opened at $35.65 on Wednesday. Bruker has a 52-week low of $21.83 and a 52-week high of $36.53. The firm has a market cap of $5,533.37, a P/E ratio of 30.40, a P/E/G ratio of 2.63 and a beta of 1.12. The company has a current ratio of 2.60, a quick ratio of 1.60 and a debt-to-equity ratio of 0.65.

Bruker (NASDAQ:BRKR) last released its quarterly earnings results on Thursday, November 2nd. The medical research company reported $0.29 EPS for the quarter, beating the Zacks’ consensus estimate of $0.27 by $0.02. Bruker had a net margin of 8.85% and a return on equity of 25.83%. The company had revenue of $435.60 million for the quarter, compared to analyst estimates of $415.45 million. During the same quarter last year, the firm posted $0.32 earnings per share. The company’s quarterly revenue was up 10.6% compared to the same quarter last year. equities analysts expect that Bruker will post 1.19 EPS for the current year.

A number of large investors have recently added to or reduced their stakes in BRKR. Acrospire Investment Management LLC boosted its position in Bruker by 496.1% during the 2nd quarter. Acrospire Investment Management LLC now owns 3,827 shares of the medical research company’s stock worth $110,000 after acquiring an additional 3,185 shares during the last quarter. SG Americas Securities LLC acquired a new stake in shares of Bruker in the 2nd quarter valued at approximately $111,000. Zions Bancorporation acquired a new stake in shares of Bruker in the 3rd quarter valued at approximately $119,000. Bank of Montreal Can boosted its holdings in shares of Bruker by 346.7% in the 4th quarter. Bank of Montreal Can now owns 3,708 shares of the medical research company’s stock valued at $128,000 after buying an additional 2,878 shares during the last quarter. Finally, Zurcher Kantonalbank Zurich Cantonalbank boosted its holdings in shares of Bruker by 11.3% in the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 4,599 shares of the medical research company’s stock valued at $133,000 after buying an additional 467 shares during the last quarter. 65.77% of the stock is owned by hedge funds and other institutional investors.

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Bruker 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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