Brooks Automation, Inc. (BRKS) PT Raised to $35.00 at Janney Montgomery Scott
Brooks Automation, Inc. (NASDAQ:BRKS) had its price target upped by equities researchers at Janney Montgomery Scott from $30.00 to $35.00 in a research report issued to clients and investors on Thursday. The firm currently has a “buy” rating on the semiconductor company’s stock. Janney Montgomery Scott’s price target indicates a potential upside of 26.26% from the company’s current price.
Several other analysts have also commented on BRKS. B. Riley reaffirmed a “buy” rating and issued a $32.00 price target on shares of Brooks Automation in a research note on Monday, June 12th. BidaskClub lowered Brooks Automation from a “strong-buy” rating to a “buy” rating in a research note on Saturday, June 17th. Zacks Investment Research lowered Brooks Automation from a “buy” rating to a “hold” rating in a research note on Wednesday, June 28th. ValuEngine lowered Brooks Automation from a “buy” rating to a “hold” rating in a research note on Wednesday, July 12th. Finally, Credit Suisse Group reissued a “hold” rating and issued a $26.00 price objective on shares of Brooks Automation in a research note on Thursday, August 3rd. Three research analysts have rated the stock with a hold rating, five have issued a buy rating and one has given a strong buy rating to the stock. The company presently has an average rating of “Buy” and an average target price of $29.57.
Brooks Automation (BRKS) traded up 3.25% during midday trading on Thursday, reaching $28.62. The company’s stock had a trading volume of 520,041 shares. The firm has a 50 day moving average price of $25.18 and a 200 day moving average price of $24.44. The firm has a market capitalization of $1.92 billion, a PE ratio of 35.82 and a beta of 1.07. Brooks Automation has a 1-year low of $12.22 and a 1-year high of $30.23.
Brooks Automation (NASDAQ:BRKS) last announced its quarterly earnings results on Wednesday, August 2nd. The semiconductor company reported $0.36 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.30 by $0.06. The business had revenue of $181.72 million for the quarter, compared to analyst estimates of $177.40 million. Brooks Automation had a return on equity of 11.25% and a net margin of 8.34%. Brooks Automation’s quarterly revenue was up 23.2% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.16 EPS. On average, analysts predict that Brooks Automation will post $1.18 EPS for the current year.
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A number of institutional investors have recently bought and sold shares of the business. BlackRock Inc. boosted its stake in Brooks Automation by 49,535.5% in the first quarter. BlackRock Inc. now owns 8,670,335 shares of the semiconductor company’s stock worth $194,215,000 after purchasing an additional 8,652,867 shares in the last quarter. Vanguard Group Inc. boosted its stake in Brooks Automation by 6.2% in the second quarter. Vanguard Group Inc. now owns 6,675,027 shares of the semiconductor company’s stock worth $144,781,000 after purchasing an additional 392,115 shares in the last quarter. Bank of New York Mellon Corp boosted its stake in Brooks Automation by 23.7% in the second quarter. Bank of New York Mellon Corp now owns 2,555,177 shares of the semiconductor company’s stock worth $55,421,000 after purchasing an additional 489,434 shares in the last quarter. Boston Partners boosted its stake in Brooks Automation by 2.7% in the second quarter. Boston Partners now owns 1,848,148 shares of the semiconductor company’s stock worth $40,086,000 after purchasing an additional 48,677 shares in the last quarter. Finally, State Street Corp boosted its stake in Brooks Automation by 2.2% in the second quarter. State Street Corp now owns 1,673,763 shares of the semiconductor company’s stock worth $36,310,000 after purchasing an additional 36,513 shares in the last quarter. 90.44% of the stock is currently owned by institutional investors.
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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