Brooks Automation, Inc. (NASDAQ:BRKS) was upgraded by research analysts at BidaskClub from a “hold” rating to a “buy” rating in a note issued to investors on Tuesday, July 11th.
Several other research firms also recently weighed in on BRKS. Zacks Investment Research raised shares of Brooks Automation from a “hold” rating to a “strong-buy” rating and set a $29.00 price target for the company in a research note on Monday, May 1st. B. Riley reaffirmed a “buy” rating and issued a $32.00 price target on shares of Brooks Automation in a research note on Monday, June 12th. Needham & Company LLC lifted their price target on shares of Brooks Automation from $22.00 to $28.00 and gave the company a “buy” rating in a research note on Friday, April 28th. Finally, Citigroup Inc. lifted their price target on shares of Brooks Automation to $26.00 and gave the company a “buy” rating in a research note on Monday, March 20th. Two investment analysts have rated the stock with a hold rating, seven have issued a buy rating and one has assigned a strong buy rating to the company’s stock. The stock has a consensus rating of “Buy” and a consensus price target of $27.43.
Brooks Automation (NASDAQ BRKS) opened at 24.50 on Tuesday. Brooks Automation has a 12-month low of $12.05 and a 12-month high of $30.23. The firm’s 50-day moving average price is $24.35 and its 200-day moving average price is $23.28. The company has a market cap of $1.71 billion, a PE ratio of 30.66 and a beta of 1.03.
Brooks Automation (NASDAQ:BRKS) last released its earnings results on Wednesday, August 2nd. The semiconductor company reported $0.36 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.30 by $0.06. The business had revenue of $181.72 million for the quarter, compared to analyst estimates of $177.40 million. Brooks Automation had a net margin of 8.34% and a return on equity of 11.25%. Brooks Automation’s revenue for the quarter was up 23.2% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.16 earnings per share. Equities research analysts forecast that Brooks Automation will post $1.18 earnings per share for the current fiscal year.
Large investors have recently bought and sold shares of the company. Bank of Montreal Can increased its stake in Brooks Automation by 8,157.8% in the first quarter. Bank of Montreal Can now owns 92,818 shares of the semiconductor company’s stock valued at $2,079,000 after buying an additional 91,694 shares during the last quarter. Macquarie Group Ltd. increased its stake in Brooks Automation by 7.4% in the fourth quarter. Macquarie Group Ltd. now owns 1,075,645 shares of the semiconductor company’s stock valued at $18,361,000 after buying an additional 74,554 shares during the last quarter. Teachers Advisors LLC increased its stake in Brooks Automation by 37.7% in the fourth quarter. Teachers Advisors LLC now owns 165,609 shares of the semiconductor company’s stock valued at $2,827,000 after buying an additional 45,298 shares during the last quarter. Quadrature Capital Ltd acquired a new stake in Brooks Automation during the fourth quarter valued at approximately $306,000. Finally, Vident Investment Advisory LLC increased its stake in Brooks Automation by 3.2% in the fourth quarter. Vident Investment Advisory LLC now owns 77,387 shares of the semiconductor company’s stock valued at $1,321,000 after buying an additional 2,389 shares during the last quarter. 91.70% of the stock is owned by institutional investors.
Brooks Automation Company Profile
Brooks Automation, Inc is a provider of automation and cryogenic solutions for various applications and markets. The Company operates through two segments: Brooks Semiconductor Solutions Group and Brooks Life Science Systems. The Brooks Semiconductor Solutions Group segment offers critical automated transport, vacuum and contamination controls solutions and services.
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