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Equities research analysts at B. Riley decreased their price target on shares of Brooks Automation (NASDAQ:BRKS) from $10.50 to $9.50 in a research note issued to investors on Friday, AmericanBankingNews.com reports. B. Riley’s price objective would suggest a potential downside of 4.23% from the company’s current price.

Shares of Brooks Automation (NASDAQ:BRKS) opened at 9.92 on Friday. Brooks Automation has a 1-year low of $8.74 and a 1-year high of $11.64. The stock has a 50-day moving average of $10.70 and a 200-day moving average of $10.38. The company has a market cap of $625.9 million and a P/E ratio of 61.14.

Brooks Automation (NASDAQ:BRKS) last issued its quarterly earnings data on Thursday, May 8th. The company reported $0.08 EPS for the quarter, meeting the Thomson Reuters consensus estimate of $0.08. The company had revenue of $125.90 million for the quarter, compared to the consensus estimate of $128.46 million. During the same quarter in the prior year, the company posted $0.01 earnings per share. The company’s quarterly revenue was up 15.0% on a year-over-year basis. On average, analysts predict that Brooks Automation will post $0.44 earnings per share for the current fiscal year.

The company also recently declared a quarterly dividend, which is scheduled for Friday, June 27th. Shareholders of record on Friday, June 6th will be given a dividend of $0.08 per share. This represents a $0.32 dividend on an annualized basis and a yield of 3.23%.

Several other analysts have also recently commented on the stock. Analysts at Citigroup Inc. reiterated a “neutral” rating on shares of Brooks Automation in a research note on Tuesday, April 22nd. They now have a $11.50 price target on the stock. Separately, analysts at Needham & Company LLC raised their price target on shares of Brooks Automation from $11.00 to $13.00 in a research note on Monday, March 17th. They now have a “buy” rating on the stock. Finally, analysts at Zacks downgraded shares of Brooks Automation from an “outperform” rating to a “neutral” rating in a research note on Thursday, February 20th. They now have a $11.60 price target on the stock. One analyst has rated the stock with a sell rating, two have assigned a hold rating and three have assigned a buy rating to the stock. The stock presently has an average rating of “Hold” and an average target price of $11.09.

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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