Brooks Automation Upgraded to “Buy” by ING Group (BRKS)
The analysts wrote, “Brooks Automation (BRKS) has been downgraded by TheStreet Ratings from buy to hold. The company’s strengths can be seen in multiple areas, such as its revenue growth, largely solid financial position with reasonable debt levels by most measures and increase in net income. However, as a counter to these strengths, we also find weaknesses including a generally disappointing performance in the stock itself and disappointing return on equity.”
Other equities research analysts have also recently issued reports about the stock. Analysts at B. Riley cut their price target on shares of Brooks Automation from $10.50 to $9.50 in a research note on Friday, May 9th. Separately, 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. Finally, 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. Two research analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. Brooks Automation currently has a consensus rating of “Buy” and an average price target of $12.10.
Shares of Brooks Automation (NASDAQ:BRKS) traded down 1.38% on Tuesday, hitting $9.67. The stock had a trading volume of 120,153 shares. Brooks Automation has a 52 week low of $8.74 and a 52 week high of $11.64. The stock has a 50-day moving average of $10.16 and a 200-day moving average of $10.38. The company has a market cap of $616.7 million and a price-to-earnings ratio of 45.82.
Brooks Automation (NASDAQ:BRKS) last posted its quarterly earnings results 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. Analysts expect that Brooks Automation will post $0.31 EPS for the current fiscal year.
The company also recently declared a quarterly dividend, which is scheduled for Friday, June 27th. Investors 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 3.26%. The ex-dividend date of this dividend is Wednesday, June 4th.
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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