Brooks Automation, Inc (BRKS) Receives $38.40 Average Target Price from Brokerages

Brooks Automation, Inc (NASDAQ:BRKS) has been assigned an average recommendation of “Buy” from the eight research firms that are presently covering the firm, Marketbeat Ratings reports. One research analyst has rated the stock with a sell recommendation, two have given a hold recommendation and five have given a buy recommendation to the company. The average 12-month price target among analysts that have issued a report on the stock in the last year is $38.40.

A number of equities analysts have weighed in on the company. BidaskClub lowered Brooks Automation from a “hold” rating to a “sell” rating in a research note on Thursday, March 21st. Zacks Investment Research upgraded Brooks Automation from a “strong sell” rating to a “hold” rating in a research note on Monday, February 4th.

NASDAQ BRKS traded up $0.85 during trading on Wednesday, reaching $30.38. The company’s stock had a trading volume of 513,281 shares, compared to its average volume of 626,376. The firm has a market capitalization of $2.17 billion, a P/E ratio of 47.47 and a beta of 1.31. The company has a quick ratio of 2.15, a current ratio of 2.73 and a debt-to-equity ratio of 0.73. Brooks Automation has a one year low of $23.02 and a one year high of $39.75.

Brooks Automation (NASDAQ:BRKS) last announced its earnings results on Tuesday, February 5th. The semiconductor company reported $0.17 earnings per share for the quarter, topping analysts’ consensus estimates of $0.12 by $0.05. The business had revenue of $179.37 million for the quarter, compared to analyst estimates of $174.46 million. Brooks Automation had a return on equity of 11.80% and a net margin of 14.86%. The company’s quarterly revenue was up 25.8% compared to the same quarter last year. During the same period in the prior year, the company earned $0.09 EPS. As a group, research analysts anticipate that Brooks Automation will post 0.75 EPS for the current fiscal year.

The company also recently disclosed a quarterly dividend, which was paid on Friday, March 22nd. Stockholders of record on Friday, March 1st were issued a $0.10 dividend. This represents a $0.40 dividend on an annualized basis and a dividend yield of 1.32%. The ex-dividend date was Thursday, February 28th. Brooks Automation’s payout ratio is currently 62.50%.

In other news, VP Jason Joseph sold 3,000 shares of the company’s stock in a transaction dated Tuesday, February 19th. The stock was sold at an average price of $33.50, for a total value of $100,500.00. Following the completion of the transaction, the vice president now directly owns 91,014 shares in the company, valued at approximately $3,048,969. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, SVP William T. Montone sold 7,500 shares of the company’s stock in a transaction dated Wednesday, February 6th. The stock was sold at an average price of $32.50, for a total value of $243,750.00. Following the completion of the transaction, the senior vice president now owns 116,040 shares of the company’s stock, valued at $3,771,300. The disclosure for this sale can be found here. Insiders sold a total of 29,704 shares of company stock valued at $946,342 over the last quarter. Company insiders own 2.45% of the company’s stock.

Several institutional investors and hedge funds have recently bought and sold shares of BRKS. Mirae Asset Global Investments Co. Ltd. boosted its holdings in shares of Brooks Automation by 8,048.0% in the 3rd quarter. Mirae Asset Global Investments Co. Ltd. now owns 1,802,329 shares of the semiconductor company’s stock worth $63,132,000 after purchasing an additional 1,780,209 shares in the last quarter. Norges Bank purchased a new stake in Brooks Automation during the 4th quarter valued at about $30,816,000. Federated Investors Inc. PA boosted its holdings in Brooks Automation by 104,207.7% during the 3rd quarter. Federated Investors Inc. PA now owns 996,139 shares of the semiconductor company’s stock valued at $34,895,000 after acquiring an additional 995,184 shares during the period. Kayne Anderson Rudnick Investment Management LLC boosted its holdings in Brooks Automation by 35.1% during the 4th quarter. Kayne Anderson Rudnick Investment Management LLC now owns 3,116,115 shares of the semiconductor company’s stock valued at $81,580,000 after acquiring an additional 809,567 shares during the period. Finally, FMR LLC purchased a new stake in Brooks Automation during the 3rd quarter valued at about $28,276,000. Hedge funds and other institutional investors own 99.92% of the company’s stock.

About Brooks Automation

Brooks Automation, Inc provides automation and cryogenic solutions for various markets. The company operates in two segments, Brooks Semiconductor Solutions Group and Brooks Life Science Systems. The Brooks Semiconductor Solutions Group segment offers mission-critical wafer automation and contamination controls solutions and services.

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Analyst Recommendations for Brooks Automation (NASDAQ:BRKS)

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