Brooks Automation, Inc. (BRKS) Given New $35.00 Price Target at Janney Montgomery Scott
Brooks Automation, Inc. (NASDAQ:BRKS) had its price target hoisted by Janney Montgomery Scott from $30.00 to $35.00 in a research note published on Thursday morning. They currently have a buy rating on the semiconductor company’s stock.
A number of other research firms have also recently issued reports on BRKS. ValuEngine cut shares of Brooks Automation from a buy rating to a hold rating in a research note on Wednesday, July 12th. BidaskClub cut shares of Brooks Automation from a strong-buy rating to a buy rating in a research note on Saturday, June 17th. B. Riley restated a buy rating and set a $32.00 target price on shares of Brooks Automation in a research note on Monday, June 12th. Zacks Investment Research cut shares of Brooks Automation from a buy rating to a hold rating in a research note on Wednesday, June 28th. Finally, Credit Suisse Group restated a hold rating and set a $26.00 target price on shares of Brooks Automation in a research note on Thursday, August 3rd. Three equities research analysts have rated the stock with a hold rating, five have issued a buy rating and one has assigned a strong buy rating to the stock. The company currently has an average rating of Buy and an average price target of $29.57.
Brooks Automation (NASDAQ:BRKS) traded down 0.21% on Thursday, hitting $28.53. 1,280,543 shares of the stock traded hands. The firm’s 50 day moving average is $25.30 and its 200 day moving average is $24.49. Brooks Automation has a 52 week low of $12.56 and a 52 week high of $30.23. The stock has a market cap of $1.92 billion, a price-to-earnings ratio of 35.71 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 (EPS) for the quarter, topping analysts’ consensus estimates of $0.30 by $0.06. The company had revenue of $181.72 million during the quarter, compared to analysts’ expectations of $177.40 million. Brooks Automation had a net margin of 8.34% and a return on equity of 11.25%. Brooks Automation’s quarterly revenue was up 23.2% compared to the same quarter last year. During the same quarter last year, the company posted $0.16 EPS. Equities analysts anticipate that Brooks Automation will post $1.18 earnings per share for the current year.
The firm also recently declared a quarterly dividend, which will be paid on Friday, September 29th. Investors of record on Friday, September 8th will be given a dividend of $0.10 per share. This represents a $0.40 dividend on an annualized basis and a yield of 1.40%. The ex-dividend date of this dividend is Thursday, September 7th. Brooks Automation’s dividend payout ratio is 50.00%.
A number of large investors have recently added to or reduced their stakes in BRKS. Teachers Advisors LLC increased its position in Brooks Automation by 37.7% during the fourth quarter. Teachers Advisors LLC now owns 165,609 shares of the semiconductor company’s stock worth $2,827,000 after acquiring an additional 45,298 shares during the period. Wells Fargo & Company MN increased its position in Brooks Automation by 6.8% during the first quarter. Wells Fargo & Company MN now owns 452,867 shares of the semiconductor company’s stock worth $10,144,000 after acquiring an additional 28,720 shares during the period. Great West Life Assurance Co. Can increased its position in Brooks Automation by 3.0% during the first quarter. Great West Life Assurance Co. Can now owns 98,402 shares of the semiconductor company’s stock worth $2,203,000 after acquiring an additional 2,911 shares during the period. Capital Fund Management S.A. bought a new position in Brooks Automation during the first quarter worth about $439,000. Finally, US Bancorp DE increased its position in Brooks Automation by 14.0% during the first quarter. US Bancorp DE now owns 24,326 shares of the semiconductor company’s stock worth $545,000 after acquiring an additional 2,984 shares during the period. 90.44% of the stock is currently owned by institutional investors and hedge funds.
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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