Brooks Automation (BRKS) Given a $35.00 Price Target by Janney Montgomery Scott Analysts

Brooks Automation (NASDAQ:BRKS) has been given a $35.00 target price by equities research analysts at Janney Montgomery Scott in a report released on Tuesday. The brokerage presently has a “buy” rating on the semiconductor company’s stock. Janney Montgomery Scott’s price target would suggest a potential upside of 18.52% from the company’s current price.

Other equities research analysts have also recently issued reports about the stock. BidaskClub cut shares of Brooks Automation from a “strong-buy” rating to a “buy” rating in a research note on Thursday, January 18th. Citigroup lifted their price objective on shares of Brooks Automation from $31.00 to $34.00 and gave the company a “buy” rating in a research note on Friday, November 10th. Stifel Nicolaus lifted their price objective on shares of Brooks Automation from $32.00 to $38.00 and gave the company a “buy” rating in a research note on Wednesday, November 8th. B. Riley restated a “buy” rating and set a $34.00 price objective on shares of Brooks Automation in a research note on Monday, November 13th. Finally, Zacks Investment Research cut shares of Brooks Automation from a “buy” rating to a “hold” rating in a research note on Friday, November 10th. Four research analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. Brooks Automation presently has a consensus rating of “Buy” and an average price target of $31.63.

Brooks Automation (BRKS) traded up $0.29 during mid-day trading on Tuesday, reaching $29.53. The company’s stock had a trading volume of 1,078,683 shares, compared to its average volume of 820,680. Brooks Automation has a 12 month low of $16.88 and a 12 month high of $34.77. The company has a market capitalization of $2,080.00, a PE ratio of 33.18 and a beta of 0.93.

Brooks Automation (NASDAQ:BRKS) last issued its quarterly earnings data on Thursday, November 9th. The semiconductor company reported $0.35 earnings per share for the quarter, beating analysts’ consensus estimates of $0.29 by $0.06. Brooks Automation had a net margin of 9.04% and a return on equity of 13.40%. The business had revenue of $181.88 million for the quarter, compared to analysts’ expectations of $174.66 million. During the same period in the previous year, the business earned $0.22 earnings per share. The company’s revenue was up 15.4% on a year-over-year basis. equities analysts forecast that Brooks Automation will post 1.33 EPS for the current fiscal year.

In related news, VP David Jarzynka sold 2,476 shares of Brooks Automation stock in a transaction dated Monday, November 6th. The stock was sold at an average price of $33.80, for a total transaction of $83,688.80. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CFO Lindon G. Robertson sold 13,212 shares of Brooks Automation stock in a transaction dated Monday, January 22nd. The stock was sold at an average price of $29.00, for a total value of $383,148.00. Following the transaction, the chief financial officer now directly owns 158,320 shares in the company, valued at $4,591,280. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 107,494 shares of company stock worth $3,114,552. 2.36% of the stock is owned by corporate insiders.

A number of large investors have recently added to or reduced their stakes in the stock. Vanguard Group Inc. grew its holdings in Brooks Automation by 6.2% during the second quarter. Vanguard Group Inc. now owns 6,675,027 shares of the semiconductor company’s stock worth $144,781,000 after acquiring an additional 392,115 shares during the period. Boston Partners increased its stake in Brooks Automation by 3.0% in the 3rd quarter. Boston Partners now owns 1,904,274 shares of the semiconductor company’s stock worth $57,813,000 after purchasing an additional 56,126 shares in the last quarter. State Street Corp increased its stake in Brooks Automation by 2.2% in the 2nd 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. Royce & Associates LP increased its stake in Brooks Automation by 9.0% in the 3rd quarter. Royce & Associates LP now owns 1,378,309 shares of the semiconductor company’s stock worth $41,845,000 after purchasing an additional 113,300 shares in the last quarter. Finally, Macquarie Group Ltd. increased its stake in Brooks Automation by 16.1% in the 3rd quarter. Macquarie Group Ltd. now owns 959,497 shares of the semiconductor company’s stock worth $29,130,000 after purchasing an additional 133,234 shares in the last quarter. 89.84% of the stock is currently owned by hedge funds and other institutional investors.

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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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