Brooks Automation Receives Consensus Recommendation of “Buy” from Brokerages (NASDAQ:BRKS)
Shares of Brooks Automation (NASDAQ:BRKS) have been given an average rating of “Buy” by the eight brokerages that are presently covering the stock, StockRatingsNetwork reports. Two equities research analysts have rated the stock with a hold recommendation and six have given a buy recommendation to the company. The average twelve-month price target among brokerages that have covered the stock in the last year is $12.33.
BRKS has been the subject of a number of recent research reports. Analysts at Stifel upgraded shares of Brooks Automation from a “hold” rating to a “buy” rating in a research note on Friday. They now have a $13.00 price target on the stock. Separately, analysts at Stifel Nicolaus upgraded shares of Brooks Automation from a “hold” rating to a “buy” rating in a research note on Friday. They now have a $13.00 price target on the stock. Finally, analysts at B. Riley upgraded shares of Brooks Automation from a “neutral” rating to a “buy” rating in a research note on Tuesday, May 27th. They now have a $12.50 price target on the stock, up previously from $9.50.
Shares of Brooks Automation (NASDAQ:BRKS) traded up 4.59% during mid-day trading on Friday, hitting $10.375. 287,699 shares of the company’s stock traded hands. 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 $9.61 and a 200-day moving average of $10.30. The company has a market cap of $661.6 million and a P/E ratio of 46.36.
Brooks Automation (NASDAQ:BRKS) last released its 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 $0.26 earnings per share for the current fiscal year.
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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