Brooks Automation, Inc. (NASDAQ:BRKS) Receives $93.56 Consensus PT from Analysts

Shares of Brooks Automation, Inc. (NASDAQ:BRKS) have earned an average recommendation of “Buy” from the nine analysts that are currently covering the company, MarketBeat.com reports. One research analyst has rated the stock with a hold recommendation and six have issued a buy recommendation on the company. The average 12 month price target among brokers that have updated their coverage on the stock in the last year is $93.56.

Several research firms have weighed in on BRKS. Zacks Investment Research upgraded shares of Brooks Automation from a “hold” rating to a “buy” rating and set a $95.00 price objective on the stock in a research report on Monday, August 9th. Needham & Company LLC reaffirmed a “buy” rating and issued a C$114.00 price objective on shares of Brooks Automation in a research note on Monday, August 23rd. Finally, KeyCorp boosted their target price on shares of Brooks Automation from $115.00 to $146.00 and gave the stock an “overweight” rating in a research report on Tuesday, September 7th.

In other news, CEO Stephen S. Schwartz sold 19,500 shares of the business’s stock in a transaction that occurred on Thursday, June 24th. The shares were sold at an average price of $95.00, for a total value of $1,852,500.00. Following the transaction, the chief executive officer now owns 332,711 shares in the company, valued at approximately $31,607,545. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, SVP Jason Joseph sold 1,071 shares of the business’s stock in a transaction on Tuesday, September 7th. The shares were sold at an average price of $90.00, for a total transaction of $96,390.00. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 51,284 shares of company stock valued at $4,780,556. 1.62% of the stock is currently owned by corporate insiders.

Institutional investors and hedge funds have recently bought and sold shares of the stock. Spouting Rock Asset Management LLC lifted its holdings in Brooks Automation by 0.5% during the second quarter. Spouting Rock Asset Management LLC now owns 35,317 shares of the semiconductor company’s stock valued at $3,365,000 after purchasing an additional 172 shares during the last quarter. Jones Financial Companies Lllp raised its stake in Brooks Automation by 156.6% in the second quarter. Jones Financial Companies Lllp now owns 313 shares of the semiconductor company’s stock valued at $30,000 after purchasing an additional 191 shares in the last quarter. PNC Financial Services Group Inc. raised its stake in Brooks Automation by 0.5% in the second quarter. PNC Financial Services Group Inc. now owns 38,916 shares of the semiconductor company’s stock valued at $3,708,000 after purchasing an additional 194 shares in the last quarter. Assetmark Inc. raised its stake in Brooks Automation by 38.5% in the first quarter. Assetmark Inc. now owns 755 shares of the semiconductor company’s stock valued at $62,000 after purchasing an additional 210 shares in the last quarter. Finally, Great West Life Assurance Co. Can grew its position in Brooks Automation by 0.8% during the second quarter. Great West Life Assurance Co. Can now owns 29,246 shares of the semiconductor company’s stock valued at $2,787,000 after acquiring an additional 225 shares during the last quarter. Institutional investors own 93.14% of the company’s stock.

NASDAQ:BRKS opened at $92.92 on Friday. The company has a debt-to-equity ratio of 0.04, a quick ratio of 1.81 and a current ratio of 2.31. The stock has a 50-day simple moving average of $86.35 and a 200 day simple moving average of $90.70. Brooks Automation has a one year low of $43.14 and a one year high of $108.72. The company has a market capitalization of $6.90 billion, a price-to-earnings ratio of 58.44 and a beta of 1.92.

Brooks Automation (NASDAQ:BRKS) last released its quarterly earnings results on Wednesday, August 4th. The semiconductor company reported $0.72 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.69 by $0.03. Brooks Automation had a return on equity of 13.38% and a net margin of 10.74%. The company had revenue of $315.35 million for the quarter, compared to analysts’ expectations of $308.47 million. On average, equities research analysts forecast that Brooks Automation will post 2.58 EPS for the current fiscal year.

The company also recently disclosed a quarterly dividend, which will be paid on Friday, September 24th. Stockholders of record on Friday, September 3rd will be given a $0.10 dividend. This represents a $0.40 dividend on an annualized basis and a dividend yield of 0.43%. The ex-dividend date is Thursday, September 2nd. Brooks Automation’s dividend payout ratio (DPR) is presently 31.75%.

Brooks Automation Company Profile

Brooks Automation, Inc engages in the provision of automation and cryogenic solutions for multiple markets, including semiconductor capital equipment and life science biological sample management and storage. It operates through the following segments: Brooks Semiconductor Solutions Group and Brooks Life Sciences Products and Brooks Life Sciences Services.

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Analyst Recommendations for Brooks Automation (NASDAQ:BRKS)

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