Brooks Automation, Inc. (NASDAQ:BRKS) was downgraded by analysts at Needham & Company LLC from a “buy” rating to a “hold” rating in a research note issued to investors on Monday. The analysts noted that the move was a valuation call.
Other research analysts have also issued reports about the stock. Stifel Nicolaus raised shares of Brooks Automation from a “hold” rating to a “buy” rating and raised their target price for the company from $22.00 to $32.00 in a report on Sunday, August 6th. They noted that the move was a valuation call. BidaskClub downgraded Brooks Automation from a “strong-buy” rating to a “buy” rating in a research report on Saturday, June 17th. B. Riley restated a “buy” rating and issued a $32.00 price target on shares of Brooks Automation in a research report on Saturday, June 17th. ValuEngine upgraded Brooks Automation from a “hold” rating to a “buy” rating in a research report on Thursday, August 3rd. Finally, Janney Montgomery Scott raised their price target on Brooks Automation from $30.00 to $35.00 and gave the stock a “buy” rating in a research report on Thursday, September 14th. Four investment analysts have rated the stock with a hold rating, four have issued a buy rating and one has issued a strong buy rating to the company. The stock currently has an average rating of “Buy” and a consensus target price of $29.57.
Shares of Brooks Automation (BRKS) opened at 28.90 on Monday. Brooks Automation has a 12-month low of $12.71 and a 12-month high of $30.23. The company’s 50-day moving average is $25.63 and its 200-day moving average is $24.70. The company has a market capitalization of $1.94 billion, a price-to-earnings ratio of 36.17 and a beta of 1.07.
Brooks Automation (NASDAQ:BRKS) last posted its earnings results on Wednesday, August 2nd. The semiconductor company reported $0.36 earnings per share 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 firm had revenue of $181.72 million during the quarter, compared to analyst estimates of $177.40 million. During the same period last year, the firm posted $0.16 earnings per share. Brooks Automation’s revenue for the quarter was up 23.2% compared to the same quarter last year. Analysts predict that Brooks Automation will post $1.18 EPS for the current year.
A number of institutional investors and hedge funds have recently modified their holdings of BRKS. Quantbot Technologies LP bought a new stake in Brooks Automation in the second quarter worth $104,000. Neuburgh Advisers LLC lifted its position in Brooks Automation by 29.3% in the first quarter. Neuburgh Advisers LLC now owns 5,100 shares of the semiconductor company’s stock worth $114,000 after buying an additional 1,156 shares during the last quarter. Advisor Group Inc. bought a new stake in Brooks Automation in the second quarter worth $122,000. Riverhead Capital Management LLC lifted its position in Brooks Automation by 49.9% in the second quarter. Riverhead Capital Management LLC now owns 5,697 shares of the semiconductor company’s stock worth $123,000 after buying an additional 1,897 shares during the last quarter. Finally, Ameritas Investment Partners Inc. bought a new stake in Brooks Automation in the first quarter worth $127,000. Institutional investors own 90.39% of the company’s stock.
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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