Janney Montgomery Scott Boosts Brooks Automation, Inc. (BRKS) Price Target to $35.00

Brooks Automation, Inc. (NASDAQ:BRKS) had its price target increased by Janney Montgomery Scott from $30.00 to $35.00 in a report published on Thursday. Janney Montgomery Scott currently has a buy rating on the semiconductor company’s stock.

A number of other brokerages also recently weighed in on BRKS. B. Riley restated a buy rating and set a $32.00 price objective on shares of Brooks Automation in a research report on Monday, June 12th. ValuEngine downgraded shares of Brooks Automation from a buy rating to a hold rating in a research report on Tuesday, August 22nd. BidaskClub downgraded shares of Brooks Automation from a strong-buy rating to a buy rating in a research report on Saturday, June 17th. Zacks Investment Research downgraded shares of Brooks Automation from a buy rating to a hold rating in a research report on Wednesday, June 28th. Finally, Credit Suisse Group restated a hold rating and set a $26.00 price objective on shares of Brooks Automation in a research report on Thursday, August 3rd. Three research analysts have rated the stock with a hold rating, five have issued a buy rating and one has assigned a strong buy rating to the company. The stock currently has a consensus rating of Buy and an average price target of $29.57.

Shares of Brooks Automation (BRKS) opened at 28.53 on Thursday. The stock has a market cap of $1.92 billion, a price-to-earnings ratio of 35.71 and a beta of 1.07. The stock’s 50 day moving average is $25.39 and its 200 day moving average is $24.54. Brooks Automation has a 52 week low of $12.56 and a 52 week high of $30.23.

Brooks Automation (NASDAQ:BRKS) last issued its earnings results on Wednesday, August 2nd. The semiconductor company reported $0.36 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.30 by $0.06. The firm had revenue of $181.72 million for the quarter, compared to the consensus estimate of $177.40 million. Brooks Automation had a net margin of 8.34% and a return on equity of 11.25%. The business’s revenue was up 23.2% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.16 earnings per share. On average, equities analysts forecast that Brooks Automation will post $1.18 EPS for the current year.

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The firm also recently declared a quarterly dividend, which will be paid on Friday, September 29th. Shareholders of record on Friday, September 8th will be given a $0.10 dividend. The ex-dividend date is Thursday, September 7th. This represents a $0.40 annualized dividend and a yield of 1.40%. Brooks Automation’s payout ratio is presently 50.00%.

A number of institutional investors and hedge funds have recently added to or reduced their stakes in BRKS. BlackRock Inc. raised its position in Brooks Automation by 49,535.5% in the first quarter. BlackRock Inc. now owns 8,670,335 shares of the semiconductor company’s stock worth $194,215,000 after acquiring an additional 8,652,867 shares during the period. Bank of New York Mellon Corp raised its position in Brooks Automation by 23.7% in the second quarter. Bank of New York Mellon Corp now owns 2,555,177 shares of the semiconductor company’s stock worth $55,421,000 after acquiring an additional 489,434 shares during the period. Koch Industries Inc. bought a new position in Brooks Automation in the second quarter worth approximately $391,000. Vanguard Group Inc. raised its position in Brooks Automation by 6.2% in the second quarter. Vanguard Group Inc. now owns 6,675,027 shares of the semiconductor company’s stock worth $144,781,000 after acquiring an additional 392,115 shares during the period. Finally, Bogle Investment Management L P DE bought a new position in Brooks Automation in the first quarter worth approximately $7,222,000. Institutional investors and hedge funds own 90.39% of the company’s stock.

About Brooks Automation

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.

Analyst Recommendations for Brooks Automation (NASDAQ:BRKS)

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