Brooks Automation, Inc. (BRKS) Receives Average Recommendation of “Buy” from Brokerages

Shares of Brooks Automation, Inc. (NASDAQ:BRKS) have been given a consensus recommendation of “Buy” by the nine analysts that are covering the stock, MarketBeat.com reports. Four analysts have rated the stock with a hold recommendation, four have issued a buy recommendation and one has assigned a strong buy recommendation to the company. The average 12 month price objective among analysts that have updated their coverage on the stock in the last year is $29.83.

A number of analysts have recently commented on BRKS shares. B. Riley reissued a “buy” rating and set a $34.00 price target on shares of Brooks Automation in a research note on Tuesday, August 8th. Stifel Nicolaus raised Brooks Automation from a “hold” rating to a “buy” rating and lifted their price target for the company from $22.00 to $32.00 in a research note on Sunday, August 6th. They noted that the move was a valuation call. ValuEngine raised Brooks Automation from a “hold” rating to a “buy” rating in a research note on Thursday, August 3rd. BidaskClub raised Brooks Automation from a “hold” rating to a “buy” rating in a research note on Tuesday, July 11th. Finally, Janney Montgomery Scott lifted their price target on Brooks Automation from $30.00 to $35.00 and gave the company a “buy” rating in a research note on Thursday, September 14th.

Several institutional investors have recently bought and sold shares of BRKS. Karp Capital Management Corp acquired a new position in shares of Brooks Automation in the first quarter worth approximately $588,000. Parametric Portfolio Associates LLC lifted its stake in shares of Brooks Automation by 11.1% in the first quarter. Parametric Portfolio Associates LLC now owns 147,000 shares of the semiconductor company’s stock worth $3,293,000 after acquiring an additional 14,690 shares during the period. Ameritas Investment Partners Inc. acquired a new position in shares of Brooks Automation in the first quarter worth approximately $127,000. Mason Street Advisors LLC lifted its stake in shares of Brooks Automation by 7.8% in the first quarter. Mason Street Advisors LLC now owns 16,256 shares of the semiconductor company’s stock worth $364,000 after acquiring an additional 1,174 shares during the period. Finally, SG Americas Securities LLC acquired a new position in shares of Brooks Automation in the first quarter worth approximately $165,000. 90.39% of the stock is currently owned by institutional investors.

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Brooks Automation (BRKS) traded down 0.93% on Wednesday, reaching $32.09. 591,286 shares of the company’s stock were exchanged. The stock’s 50 day moving average is $28.49 and its 200 day moving average is $25.86. Brooks Automation has a 52 week low of $12.71 and a 52 week high of $32.69. The company has a market cap of $2.16 billion, a price-to-earnings ratio of 40.16 and a beta of 1.10.

Brooks Automation (NASDAQ:BRKS) last released its 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 return on equity of 11.25% and a net margin of 8.34%. The firm had revenue of $181.72 million for the quarter, compared to analysts’ expectations of $177.40 million. During the same quarter in the previous year, the business posted $0.16 earnings per share. The business’s revenue for the quarter was up 23.2% on a year-over-year basis. On average, equities analysts anticipate that Brooks Automation will post $1.18 earnings per share for the current year.

The company also recently declared a quarterly dividend, which was paid on Friday, September 29th. Stockholders of record on Friday, September 8th were paid a dividend of $0.10 per share. This represents a $0.40 dividend on an annualized basis and a dividend yield of 1.25%. The ex-dividend date was Thursday, September 7th. Brooks Automation’s payout ratio is 50.00%.

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.

Analyst Recommendations for Brooks Automation (NASDAQ:BRKS)

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