Brooks Automation, Inc (NASDAQ:BRKS) was upgraded by investment analysts at BidaskClub from a “hold” rating to a “buy” rating in a report released on Tuesday, July 11th.
BRKS has been the topic of a number of other research reports. Needham & Company LLC upped their price target on shares of Brooks Automation from $22.00 to $28.00 and gave the company a “buy” rating in a research note on Friday, April 28th. B. Riley reiterated a “buy” rating and issued a $32.00 price objective on shares of Brooks Automation in a research note on Saturday, June 17th. Zacks Investment Research lowered shares of Brooks Automation from a “buy” rating to a “hold” rating in a research note on Tuesday, April 4th. Finally, Citigroup Inc. increased their price objective on shares of Brooks Automation to $26.00 and gave the stock a “buy” rating in a research note on Monday, March 20th. Two analysts have rated the stock with a hold rating, seven have given a buy rating and one has issued a strong buy rating to the stock. Brooks Automation presently has an average rating of “Buy” and an average target price of $27.43.
Shares of Brooks Automation (NASDAQ:BRKS) traded up 3.25% during midday trading on Tuesday, reaching $24.76. 443,768 shares of the company traded hands. The company has a 50 day moving average price of $24.28 and a 200 day moving average price of $23.55. The company has a market capitalization of $1.67 billion, a PE ratio of 30.99 and a beta of 1.03. Brooks Automation has a 1-year low of $12.05 and a 1-year high of $30.23.
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 the Zacks’ consensus estimate of $0.30 by $0.06. Brooks Automation had a net margin of 8.16% and a return on equity of 11.99%. The business had revenue of $181.72 million for the quarter, compared to analyst estimates of $177.40 million. During the same quarter in the prior year, the business posted $0.16 EPS. Brooks Automation’s revenue for the quarter was up 23.2% compared to the same quarter last year. On average, analysts expect that Brooks Automation will post $1.18 earnings per share for the current year.
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A number of hedge funds have recently made changes to their positions in BRKS. Bank of Montreal Can increased its stake in shares of Brooks Automation by 8,157.8% in the first quarter. Bank of Montreal Can now owns 92,818 shares of the semiconductor company’s stock worth $2,079,000 after buying an additional 91,694 shares during the period. Macquarie Group Ltd. increased its stake in shares of Brooks Automation by 7.4% in the fourth quarter. Macquarie Group Ltd. now owns 1,075,645 shares of the semiconductor company’s stock worth $18,361,000 after buying an additional 74,554 shares during the period. Teachers Advisors LLC increased its stake in shares of Brooks Automation by 37.7% in the fourth quarter. Teachers Advisors LLC now owns 165,609 shares of the semiconductor company’s stock worth $2,827,000 after buying an additional 45,298 shares during the period. Quadrature Capital Ltd purchased a new stake in shares of Brooks Automation during the fourth quarter worth about $306,000. Finally, Vident Investment Advisory LLC increased its stake in shares of Brooks Automation by 3.2% in the fourth quarter. Vident Investment Advisory LLC now owns 77,387 shares of the semiconductor company’s stock worth $1,321,000 after buying an additional 2,389 shares during the period. 91.70% of the stock is currently owned by hedge funds and other institutional investors.
Brooks Automation Company Profile
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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