Brooks Automation, Inc. (NASDAQ:BRKS) was downgraded by stock analysts at ValuEngine from a “buy” rating to a “hold” rating in a research note issued to investors on Tuesday.
Several other research firms have also recently issued reports 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 on the stock in a report on Monday, May 1st. B. Riley reaffirmed a “buy” rating and issued a $32.00 price target on shares of Brooks Automation in a report on Monday, June 12th. BidaskClub cut shares of Brooks Automation from a “strong-buy” rating to a “buy” rating in a report on Saturday, June 17th. Needham & Company LLC increased their target price on shares of Brooks Automation from $22.00 to $28.00 and gave the stock a “buy” rating in a report on Friday, April 28th. Finally, Credit Suisse Group reissued a “hold” rating and set a $26.00 target price on shares of Brooks Automation in a report on Thursday, August 3rd. Three investment analysts have rated the stock with a hold rating, six have given a buy rating and one has assigned a strong buy rating to the stock. The company currently has an average rating of “Buy” and an average target price of $27.43.
Shares of Brooks Automation (NASDAQ BRKS) traded up 4.07% during midday trading on Tuesday, reaching $25.54. 331,913 shares of the company traded hands. The firm has a market capitalization of $1.72 billion, a P/E ratio of 31.96 and a beta of 1.03. The company has a 50 day moving average of $24.52 and a 200 day moving average of $23.94. Brooks Automation has a 12 month low of $12.05 and a 12 month high of $30.23.
Brooks Automation (NASDAQ:BRKS) last posted its quarterly 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 firm had revenue of $181.72 million for the quarter, compared to analysts’ expectations of $177.40 million. Brooks Automation had a net margin of 8.34% and a return on equity of 11.25%. The firm’s quarterly revenue was up 23.2% on a year-over-year basis. During the same period in the prior year, the company posted $0.16 earnings per share. On average, equities research analysts predict that Brooks Automation will post $1.18 earnings per share for the current fiscal year.
Several hedge funds have recently added to or reduced their stakes in the company. BlackRock Inc. raised its position in shares of 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 buying an additional 8,652,867 shares in the last quarter. Ameriprise Financial Inc. raised its position in shares of Brooks Automation by 146.4% in the first quarter. Ameriprise Financial Inc. now owns 1,794,660 shares of the semiconductor company’s stock worth $40,200,000 after buying an additional 1,066,297 shares in the last quarter. Bank of New York Mellon Corp raised its position in shares of 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 buying an additional 489,434 shares in the last quarter. Koch Industries Inc. bought a new position in shares of Brooks Automation during the second quarter worth about $391,000. Finally, Vanguard Group Inc. raised its position in shares of 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 buying an additional 392,115 shares in the last quarter. 89.88% of the stock is currently owned by institutional investors and hedge funds.
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.
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