Analysts Set Brooks Automation, Inc (NASDAQ:BRKS) Price Target at $40.33

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Brooks Automation, Inc (NASDAQ:BRKS) has earned a consensus rating of “Buy” from the nine analysts that are currently covering the company, MarketBeat reports. Three equities research analysts have rated the stock with a hold recommendation, three have issued a buy recommendation and two have assigned a strong buy recommendation to the company. The average 1 year target price among brokerages that have covered the stock in the last year is $42.67.

BRKS has been the topic of several research analyst reports. Citigroup lowered shares of Brooks Automation from a “buy” rating to a “neutral” rating and cut their target price for the stock from $44.00 to $42.00 in a research note on Monday, September 23rd. B. Riley increased their target price on shares of Brooks Automation from $47.00 to $54.00 and gave the stock a “buy” rating in a research note on Thursday. Stephens reissued an “equal weight” rating and set a $35.00 target price on shares of Brooks Automation in a research note on Friday, August 23rd. Stifel Nicolaus increased their target price on shares of Brooks Automation from $43.00 to $50.00 and gave the stock a “buy” rating in a research note on Thursday. Finally, Zacks Investment Research raised shares of Brooks Automation from a “hold” rating to a “strong-buy” rating and set a $49.00 target price on the stock in a research note on Monday, November 4th.

BRKS stock traded down $1.24 during trading on Thursday, reaching $46.81. 781,800 shares of the company were exchanged, compared to its average volume of 526,211. The company has a market capitalization of $3.22 billion, a price-to-earnings ratio of 60.79 and a beta of 1.37. Brooks Automation has a twelve month low of $23.02 and a twelve month high of $50.35. The company has a 50-day moving average of $39.84 and a two-hundred day moving average of $37.34. The company has a debt-to-equity ratio of 0.72, a current ratio of 3.01 and a quick ratio of 2.41.

Brooks Automation (NASDAQ:BRKS) last issued its earnings results on Wednesday, November 6th. The semiconductor company reported $0.24 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.23 by $0.01. The business had revenue of $200.23 million for the quarter, compared to analyst estimates of $195.38 million. Brooks Automation had a net margin of 4.78% and a return on equity of 6.89%. Brooks Automation’s revenue was up 25.4% on a year-over-year basis. During the same period in the prior year, the firm earned $0.40 earnings per share. On average, analysts forecast that Brooks Automation will post 1.26 EPS for the current year.

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, December 20th. Shareholders of record on Friday, December 6th will be issued a dividend of $0.10 per share. The ex-dividend date is Thursday, December 5th. This represents a $0.40 annualized dividend and a yield of 0.85%. Brooks Automation’s payout ratio is 51.95%.

In other news, insider David Pietrantoni sold 4,334 shares of the stock in a transaction dated Thursday, November 7th. The shares were sold at an average price of $47.00, for a total value of $203,698.00. Following the completion of the sale, the insider now owns 28,101 shares in the company, valued at $1,320,747. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, SVP Jason Joseph sold 5,478 shares of the stock in a transaction dated Thursday, October 24th. The shares were sold at an average price of $42.50, for a total transaction of $232,815.00. Following the completion of the sale, the senior vice president now owns 77,352 shares of the company’s stock, valued at approximately $3,287,460. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 13,145 shares of company stock worth $583,165. Corporate insiders own 2.45% of the company’s stock.

Several hedge funds have recently made changes to their positions in the company. BlackRock Inc. raised its holdings in shares of Brooks Automation by 2.3% in the second quarter. BlackRock Inc. now owns 10,401,215 shares of the semiconductor company’s stock valued at $403,047,000 after purchasing an additional 237,859 shares during the last quarter. Vanguard Group Inc. raised its holdings in shares of Brooks Automation by 3.6% in the second quarter. Vanguard Group Inc. now owns 7,509,080 shares of the semiconductor company’s stock valued at $290,977,000 after purchasing an additional 261,019 shares during the last quarter. Kayne Anderson Rudnick Investment Management LLC raised its holdings in shares of Brooks Automation by 1.0% in the second quarter. Kayne Anderson Rudnick Investment Management LLC now owns 3,505,720 shares of the semiconductor company’s stock valued at $135,847,000 after purchasing an additional 35,288 shares during the last quarter. DF Dent & Co. Inc. raised its holdings in shares of Brooks Automation by 30.2% in the second quarter. DF Dent & Co. Inc. now owns 3,502,866 shares of the semiconductor company’s stock valued at $135,736,000 after purchasing an additional 813,225 shares during the last quarter. Finally, Macquarie Group Ltd. raised its holdings in shares of Brooks Automation by 6.7% in the second quarter. Macquarie Group Ltd. now owns 2,066,550 shares of the semiconductor company’s stock valued at $80,079,000 after purchasing an additional 130,306 shares during the last quarter.

Brooks Automation Company Profile

Brooks Automation, Inc provides automation and cryogenic solutions for various markets. The company operates in two segments, Brooks Semiconductor Solutions Group and Brooks Life Science Systems. The Brooks Semiconductor Solutions Group segment offers mission-critical wafer automation and contamination controls solutions and services.

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Analyst Recommendations for Brooks Automation (NASDAQ:BRKS)

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