Brooks Automation (NASDAQ:BRKS) was upgraded by research analysts at BidaskClub from a “buy” rating to a “strong-buy” rating in a report issued on Tuesday.

Several other equities analysts also recently commented on BRKS. Janney Montgomery Scott upped their price objective on Brooks Automation from $30.00 to $35.00 and gave the company a “buy” rating in a research report on Thursday, September 14th. Needham & Company LLC downgraded Brooks Automation from a “buy” rating to a “hold” rating in a research report on Monday, September 18th. They noted that the move was a valuation call. Stifel Nicolaus upped their price objective on Brooks Automation from $32.00 to $38.00 and gave the company a “buy” rating in a research report on Wednesday, November 8th. Citigroup upped their price objective on Brooks Automation from $31.00 to $34.00 and gave the company a “buy” rating in a research report on Friday, November 10th. Finally, Zacks Investment Research downgraded Brooks Automation from a “buy” rating to a “hold” rating in a research report on Friday, November 10th. Four research analysts have rated the stock with a hold rating, five have given a buy rating and one has given a strong buy rating to the company. Brooks Automation currently has an average rating of “Buy” and a consensus price target of $31.63.

Brooks Automation (NASDAQ BRKS) opened at $26.08 on Tuesday. The company has a market capitalization of $1,840.00, a price-to-earnings ratio of 29.30 and a beta of 0.93. Brooks Automation has a 12-month low of $16.74 and a 12-month high of $34.77.

Brooks Automation (NASDAQ:BRKS) last announced its quarterly earnings data on Thursday, November 9th. The semiconductor company reported $0.35 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.29 by $0.06. The company had revenue of $181.88 million for the quarter, compared to the consensus estimate of $174.66 million. Brooks Automation had a return on equity of 13.40% and a net margin of 9.04%. Brooks Automation’s quarterly revenue was up 15.4% on a year-over-year basis. During the same quarter in the prior year, the company posted $0.22 EPS. equities analysts predict that Brooks Automation will post 1.33 earnings per share for the current year.

In other news, VP David Jarzynka sold 10,000 shares of the stock in a transaction on Wednesday, December 6th. The stock was sold at an average price of $23.12, for a total transaction of $231,200.00. Following the transaction, the vice president now owns 30,638 shares of the company’s stock, valued at approximately $708,350.56. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, SVP William T. Montone sold 2,257 shares of the stock in a transaction on Monday, November 6th. The stock was sold at an average price of $33.80, for a total value of $76,286.60. The disclosure for this sale can be found here. Insiders have sold a total of 76,258 shares of company stock worth $2,226,732 in the last three months. Corporate insiders own 2.36% of the company’s stock.

Institutional investors and hedge funds have recently bought and sold shares of the company. Quantbot Technologies LP bought a new position in shares of Brooks Automation during the 2nd quarter worth $104,000. Advisor Group Inc. bought a new position in shares of Brooks Automation during the 2nd quarter worth $122,000. Riverhead Capital Management LLC grew its position in shares of Brooks Automation by 49.9% during the 2nd quarter. Riverhead Capital Management LLC now owns 5,697 shares of the semiconductor company’s stock worth $123,000 after buying an additional 1,897 shares in the last quarter. Ameritas Investment Partners Inc. grew its position in shares of Brooks Automation by 6.1% during the 2nd quarter. Ameritas Investment Partners Inc. now owns 6,038 shares of the semiconductor company’s stock worth $131,000 after buying an additional 348 shares in the last quarter. Finally, Flinton Capital Management LLC grew its position in shares of Brooks Automation by 49.3% during the 2nd quarter. Flinton Capital Management LLC now owns 6,272 shares of the semiconductor company’s stock worth $136,000 after buying an additional 2,072 shares in the last quarter. 89.85% of the stock is currently owned by institutional investors and hedge funds.

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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.

Analyst Recommendations for Brooks Automation (NASDAQ:BRKS)

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