Brooks Automation Stock Rating Upgraded by Stifel (BRKS)
Brooks Automation (NASDAQ:BRKS) was upgraded by Stifel from a “hold” rating to a “buy” rating in a research note issued on Friday. The firm currently has a $13.00 target price on the stock. Stifel’s price objective suggests a potential upside of 31.05% from the company’s current price.
Shares of Brooks Automation (NASDAQ:BRKS) traded up 4.84% on Friday, hitting $10.40. The stock had a trading volume of 111,143 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 $9.61 and a 200-day moving average of $10.30. The company has a market cap of $663.2 million and a price-to-earnings ratio of 46.36.
Brooks Automation (NASDAQ:BRKS) last announced its earnings results on Thursday, May 8th. The company reported $0.08 earnings per share for the quarter, meeting the analysts’ 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 last year, the company posted $0.01 earnings per share. Brooks Automation’s revenue was up 15.0% compared to the same quarter last year. Analysts expect that Brooks Automation will post $0.26 EPS for the current fiscal year.
BRKS has been the subject of a number of other recent research reports. 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. Separately, 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. Finally, 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. Two equities research analysts have rated the stock with a hold rating and six have given a buy rating to the company’s stock. The stock currently has an average rating of “Buy” and a consensus price target of $12.33.
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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