BidaskClub lowered shares of Brooks Automation, Inc. (NASDAQ:BRKS) from a strong-buy rating to a buy rating in a research report sent to investors on Saturday.
Other research analysts have also issued reports about the stock. B. Riley reissued a buy rating and issued a $32.00 target price on shares of Brooks Automation in a research note on Saturday. Citigroup Inc. raised their target price on shares of Brooks Automation to $26.00 and gave the stock a buy rating in a research note on Monday, March 20th. Needham & Company LLC raised their target price on shares of Brooks Automation from $22.00 to $28.00 and gave the stock a buy rating in a research note on Friday, April 28th. Finally, Zacks Investment Research lowered shares of Brooks Automation from a buy rating to a hold rating in a research note on Tuesday, April 4th. Two investment analysts have rated the stock with a hold rating, six have assigned a buy rating and one has issued a strong buy rating to the company’s stock. Brooks Automation presently has an average rating of Buy and an average target price of $24.14.
Brooks Automation (NASDAQ:BRKS) traded down 0.60% during midday trading on Friday, hitting $24.81. The company had a trading volume of 1,170,079 shares. The company has a 50 day moving average price of $27.18 and a 200 day moving average price of $21.52. Brooks Automation has a 1-year low of $10.80 and a 1-year high of $30.23. The firm has a market capitalization of $1.66 billion, a P/E ratio of 36.43 and a beta of 0.96.
Brooks Automation (NASDAQ:BRKS) last posted its quarterly earnings data on Thursday, April 27th. The semiconductor company reported $0.28 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.25 by $0.03. Brooks Automation had a return on equity of 8.47% and a net margin of 7.41%. The company had revenue of $169.30 million for the quarter, compared to analysts’ expectations of $167.16 million. During the same period in the previous year, the firm posted $0.07 EPS. Brooks Automation’s revenue was up 25.1% compared to the same quarter last year. Equities research analysts forecast that Brooks Automation will post $1.10 earnings per share for the current fiscal year.
The firm also recently announced a quarterly dividend, which will be paid on Friday, June 23rd. Shareholders of record on Friday, June 2nd will be paid a $0.10 dividend. This represents a $0.40 dividend on an annualized basis and a yield of 1.61%. The ex-dividend date is Wednesday, May 31st. Brooks Automation’s dividend payout ratio (DPR) is 59.70%.
A number of hedge funds and other institutional investors have recently added to or reduced their stakes in BRKS. Neuburgh Advisers LLC raised its stake in Brooks Automation by 29.3% in the first quarter. Neuburgh Advisers LLC now owns 5,100 shares of the semiconductor company’s stock valued at $114,000 after buying an additional 1,156 shares during the last quarter. Ameritas Investment Partners Inc. purchased a new stake in Brooks Automation during the first quarter valued at approximately $127,000. First Mercantile Trust Co. raised its stake in Brooks Automation by 26.2% in the first quarter. First Mercantile Trust Co. now owns 7,065 shares of the semiconductor company’s stock valued at $158,000 after buying an additional 1,465 shares during the last quarter. SG Americas Securities LLC purchased a new stake in Brooks Automation during the first quarter valued at approximately $165,000. Finally, State of Alaska Department of Revenue raised its stake in Brooks Automation by 3.2% in the first quarter. State of Alaska Department of Revenue now owns 7,670 shares of the semiconductor company’s stock valued at $171,000 after buying an additional 240 shares during the last quarter. 91.99% of the stock is currently owned by institutional investors and hedge funds.
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.
This story was originally published by sleekmoney (https://sleekmoney.com) and is the sole property of sleekmoney. If you are reading this article on another website, that means this article was illegally copied and re-published to this website in violation of U.S. and International copyright law. You can view the original version of this story at https://sleekmoney.com/brooks-automation-inc-brks-stock-rating-lowered-by-bidaskclub/1918254.html
Receive News & Ratings for Brooks Automation Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Brooks Automation Inc. and related companies with MarketBeat.com's FREE daily email newsletter.