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.

COPYRIGHT VIOLATION WARNING: “Brooks Automation, Inc. (BRKS) Raised to Buy at Stifel Nicolaus” was posted by American Banking News and is owned by of American Banking News. If you are viewing this report on another site, it was illegally copied and republished in violation of United States and international copyright & trademark legislation. The correct version of this report can be read at https://www.americanbankingnews.com/2017/08/06/brooks-automation-inc-nasdaqbrks-rating-increased-to-buy-at-stifel-nicolaus.html.

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.

Analyst Recommendations for Brooks Automation (NASDAQ:BRKS)

Receive News & Ratings for Brooks Automation Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Brooks Automation Inc. and related companies with MarketBeat.com's FREE daily email newsletter.