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.
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