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Stock analysts at Needham & Company decreased their price target on shares of Brooks Automation (NASDAQ:BRKS) from $12.00 to $11.00 in a report issued on Friday, Stock Ratings Network reports. Needham & Company’s price target would suggest a potential upside of 12.36% from the stock’s previous close.

Shares of Brooks Automation (NASDAQ:BRKS) traded down 1.31% on Friday, hitting $9.79. The stock had a trading volume of 578,581 shares. Brooks Automation has a 52-week low of $8.74 and a 52-week high of $10.97. The stock has a 50-day moving average of $10.34 and a 200-day moving average of $9.79. The company’s market cap is $623.2 million.

Brooks Automation (NASDAQ:BRKS) last announced its earnings results on Thursday, February 6th. The company reported $0.09 EPS for the quarter, beating the Thomson Reuters consensus estimate of $0.07 by $0.02. The company had revenue of $124.60 million for the quarter, compared to the consensus estimate of $122.08 million. During the same quarter in the prior year, the company posted ($0.03) earnings per share. The company’s quarterly revenue was up 27.1% on a year-over-year basis. Analysts expect that Brooks Automation will post $0.45 EPS for the current fiscal year.

The company also recently declared a quarterly dividend, which is scheduled for Friday, March 28th. Investors of record on Friday, March 7th will be given a dividend of 0.08 per share. This represents a $0.32 dividend on an annualized basis and a yield of 3.27%.

Several other analysts have also recently commented on the stock. Analysts at Zacks upgraded shares of Brooks Automation from a “neutral” rating to an “outperform” rating in a research note to investors on Wednesday, January 22nd. They now have a $11.10 price target on the stock. Separately, analysts at Thomson Reuters/Verus upgraded shares of Brooks Automation from a “hold” rating to a “buy” rating in a research note to investors on Monday, January 20th. Finally, analysts at Thomson Reuters/Verus downgraded shares of Brooks Automation from a “buy” rating to a “hold” rating in a research note to investors on Tuesday, December 24th. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating and four have given a buy rating to the company’s stock. Brooks Automation currently has a consensus rating of “Hold” and an average target price of $10.77.

Brooks Automation, Inc (NASDAQ:BRKS) is a global provider of automation, vacuum and instrumentation solutions for multiple markets, including semiconductor manufacturing, technology device manufacturing and life sciences.

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