Brooks Automation, Inc. (BRKS) Stock Rating Lowered by BidaskClub

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.

Analyst Recommendations for Brooks Automation (NASDAQ:BRKS)

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.

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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.

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