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.

Analyst Recommendations for Brooks Automation (NASDAQ:BRKS)

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