Brooks Automation, Inc. (BRKS) Stock Rating Lowered by Needham & Company LLC

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.

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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.

Analyst Recommendations for Brooks Automation (NASDAQ:BRKS)

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