Brooks Automation, Inc. (BRKS) Raised to Buy at Stifel Nicolaus
Brooks Automation, Inc. (NASDAQ:BRKS) was upgraded by investment analysts at Stifel Nicolaus from a “hold” rating to a “buy” rating in a report released on Sunday, MarketBeat Ratings reports. The firm presently has a $32.00 target price on the semiconductor company’s stock, up from their previous target price of $22.00. Stifel Nicolaus’ price objective would indicate a potential upside of 41.59% from the company’s current price. The analysts noted that the move was a valuation call.
A number of other brokerages have also recently issued reports on BRKS. ValuEngine cut shares of Brooks Automation from a “buy” rating to a “hold” rating in a research report on Wednesday, July 12th. B. Riley reissued a “buy” rating and set a $30.00 price target on shares of Brooks Automation in a research report on Wednesday, May 3rd. BidaskClub cut shares of Brooks Automation from a “strong-buy” rating to a “buy” rating in a research report on Saturday, June 17th. Zacks Investment Research cut shares of Brooks Automation from a “buy” rating to a “hold” rating in a report on Wednesday, June 28th. Finally, Credit Suisse Group reaffirmed a “hold” rating and issued a $26.00 target price on shares of Brooks Automation in a report on Thursday. Two equities research analysts have rated the stock with a hold rating, seven have assigned a buy rating and one has issued a strong buy rating to the stock. The stock presently has an average rating of “Buy” and a consensus price target of $27.43.
Shares of Brooks Automation (BRKS) opened at 22.60 on Friday. The company has a 50 day moving average of $24.60 and a 200-day moving average of $23.28. Brooks Automation has a 12-month low of $12.05 and a 12-month high of $30.23. The firm has a market cap of $1.58 billion, a price-to-earnings ratio of 28.29 and a beta of 1.03.
Brooks Automation (NASDAQ:BRKS) last issued its quarterly earnings results on Wednesday, August 2nd. The semiconductor company reported $0.36 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.30 by $0.06. Brooks Automation had a net margin of 8.34% and a return on equity of 11.25%. The company had revenue of $181.72 million during the quarter, compared to analysts’ expectations of $177.40 million. During the same period last year, the company posted $0.16 EPS. Brooks Automation’s revenue was up 23.2% on a year-over-year basis. Analysts predict that Brooks Automation will post $1.16 EPS for the current year.
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A number of hedge funds and other institutional investors have recently modified their holdings of BRKS. US Bancorp DE boosted its position in shares of Brooks Automation by 14.0% in the first quarter. US Bancorp DE now owns 24,326 shares of the semiconductor company’s stock valued at $545,000 after buying an additional 2,984 shares during the period. Suntrust Banks Inc. boosted its position in shares of Brooks Automation by 454.5% in the first quarter. Suntrust Banks Inc. now owns 58,752 shares of the semiconductor company’s stock valued at $1,315,000 after buying an additional 48,157 shares during the period. Fox Run Management L.L.C. purchased a new position in shares of Brooks Automation during the second quarter valued at about $1,421,000. Norges Bank purchased a new position in shares of Brooks Automation during the fourth quarter valued at about $10,381,000. Finally, Ameritas Investment Partners Inc. purchased a new position in shares of Brooks Automation during the first quarter valued at about $127,000. 91.70% of the stock is owned by institutional investors and hedge funds.
About Brooks Automation
Brooks Automation, Inc is a provider of automation and cryogenic solutions for various applications and markets. The Company operates through two segments: Brooks Semiconductor Solutions Group and Brooks Life Science Systems. The Brooks Semiconductor Solutions Group segment offers critical automated transport, vacuum and contamination controls solutions and services.
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