Brooks Automation (NASDAQ:BRKS) had its target price lifted by research analysts at Citigroup from $38.00 to $41.00 in a report released on Tuesday. The brokerage currently has a “buy” rating on the semiconductor company’s stock. Citigroup’s price target would suggest a potential upside of 21.34% from the company’s previous close.
Other research analysts have also issued research reports about the stock. BidaskClub raised shares of Brooks Automation from a “buy” rating to a “strong-buy” rating in a research note on Wednesday, June 20th. ValuEngine raised shares of Brooks Automation from a “hold” rating to a “buy” rating in a research note on Friday, June 15th. Stephens reaffirmed a “buy” rating and set a $35.00 target price on shares of Brooks Automation in a research note on Tuesday, August 7th. Finally, Janney Montgomery Scott reaffirmed a “buy” rating and set a $56.00 target price (up previously from $40.00) on shares of Brooks Automation in a research note on Tuesday, August 28th. Five equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. Brooks Automation currently has an average rating of “Buy” and a consensus target price of $39.71.
Shares of BRKS stock opened at $33.79 on Tuesday. The company has a quick ratio of 2.48, a current ratio of 3.29 and a debt-to-equity ratio of 0.27. The stock has a market cap of $2.27 billion, a price-to-earnings ratio of 21.28 and a beta of 1.03. Brooks Automation has a 1-year low of $21.75 and a 1-year high of $39.75.
Brooks Automation (NASDAQ:BRKS) last announced its earnings results on Monday, August 6th. The semiconductor company reported $0.46 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.43 by $0.03. The company had revenue of $223.48 million during the quarter, compared to analyst estimates of $218.98 million. Brooks Automation had a net margin of 15.40% and a return on equity of 16.28%. Brooks Automation’s revenue was up 23.0% compared to the same quarter last year. During the same quarter last year, the firm posted $0.36 earnings per share. equities research analysts anticipate that Brooks Automation will post 1.55 earnings per share for the current fiscal year.
In other news, VP Jason Joseph sold 1,965 shares of the firm’s stock in a transaction that occurred on Tuesday, August 28th. The shares were sold at an average price of $38.00, for a total value of $74,670.00. Following the completion of the transaction, the vice president now owns 86,868 shares of the company’s stock, valued at $3,300,984. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, CFO Lindon G. Robertson sold 13,042 shares of the firm’s stock in a transaction that occurred on Tuesday, August 28th. The shares were sold at an average price of $39.00, for a total transaction of $508,638.00. Following the completion of the transaction, the chief financial officer now directly owns 136,642 shares of the company’s stock, valued at approximately $5,329,038. The disclosure for this sale can be found here. Company insiders own 2.36% of the company’s stock.
Several hedge funds and other institutional investors have recently bought and sold shares of BRKS. Psagot Investment House Ltd. purchased a new position in shares of Brooks Automation in the second quarter valued at approximately $103,000. Tower Research Capital LLC TRC acquired a new stake in Brooks Automation in the second quarter valued at approximately $138,000. Envestnet Asset Management Inc. raised its holdings in Brooks Automation by 624.4% in the first quarter. Envestnet Asset Management Inc. now owns 5,375 shares of the semiconductor company’s stock valued at $146,000 after acquiring an additional 4,633 shares in the last quarter. Private Advisor Group LLC acquired a new stake in Brooks Automation in the second quarter valued at approximately $208,000. Finally, LPL Financial LLC acquired a new stake in Brooks Automation in the first quarter valued at approximately $223,000. 94.54% of the stock is owned by institutional investors and hedge funds.
Brooks Automation Company Profile
Brooks Automation, Inc provides automation and cryogenic solutions for various applications and markets. It operates in 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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