Stifel Nicolaus Upgrades Brooks Automation to Buy (BRKS)
Brooks Automation (NASDAQ:BRKS) was upgraded by equities researchers at Stifel Nicolaus from a “hold” rating to a “buy” rating in a research report issued on Friday, TheFlyOnTheWall.com reports. The firm currently has a $13.00 target price on the stock. Stifel Nicolaus’ target price would indicate a potential upside of 31.05% from the company’s current price.
The analysts wrote, “We are upgrading shares of Brooks Automation from a Hold to a Buy rating and establishing a $13 target price, which we believe reflects a sum-of-parts valuation analysis over the next few years. We are now comfortable with the company’s growth prospects in its emerging life sciences business and as we have cited previously, we believe the growth in this area will be the key driver in the overall company’s fortunes and the appreciation potential in the stock.”
A number of other analysts have also recently weighed in on BRKS. 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 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. Two research analysts have rated the stock with a hold rating and six have given a buy rating to the company’s stock. The company currently has an average rating of “Buy” and an average target price of $12.33.
Brooks Automation (NASDAQ:BRKS) traded up 4.33% on Friday, hitting $10.35. The stock had a trading volume of 487,383 shares. Brooks Automation has a 52 week low of $8.74 and a 52 week high of $11.64. The stock’s 50-day moving average is $9.61 and its 200-day moving average is $10.30. The company has a market cap of $660.0 million and a P/E ratio of 46.36.
Brooks Automation (NASDAQ:BRKS) last posted its quarterly 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.
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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