Brooks Automation, Inc. (BRKS) Downgraded by ValuEngine to “Hold”
ValuEngine lowered shares of Brooks Automation, Inc. (NASDAQ:BRKS) from a buy rating to a hold rating in a research report released on Tuesday morning.
A number of other equities analysts have also weighed in on the company. BidaskClub lowered Brooks Automation from a strong-buy rating to a buy rating in a research note on Saturday, June 17th. Zacks Investment Research upgraded Brooks Automation from a hold rating to a strong-buy rating and set a $29.00 price objective for the company in a research note on Monday, May 1st. Needham & Company LLC lifted their price objective on Brooks Automation from $22.00 to $28.00 and gave the company a buy rating in a research note on Friday, April 28th. Stifel Nicolaus upgraded Brooks Automation from a hold rating to a buy rating and lifted their price objective for the company from $22.00 to $32.00 in a research note on Sunday, August 6th. They noted that the move was a valuation call. Finally, Credit Suisse Group reiterated a hold rating and set a $26.00 price objective on shares of Brooks Automation in a research note on Thursday, August 3rd. Three analysts have rated the stock with a hold rating, five have assigned a buy rating and one has given a strong buy rating to the company. The stock presently has a consensus rating of Buy and a consensus price target of $27.43.
Brooks Automation (NASDAQ:BRKS) opened at 24.76 on Tuesday. The company has a market cap of $1.67 billion, a P/E ratio of 30.99 and a beta of 1.03. Brooks Automation has a 52 week low of $12.05 and a 52 week high of $30.23. The firm has a 50-day moving average price of $24.79 and a 200-day moving average price of $24.02.
Brooks Automation (NASDAQ:BRKS) last released its quarterly earnings data on Wednesday, August 2nd. The semiconductor company reported $0.36 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.30 by $0.06. The business had revenue of $181.72 million during the quarter, compared to analyst estimates of $177.40 million. Brooks Automation had a return on equity of 11.25% and a net margin of 8.34%. The company’s revenue was up 23.2% on a year-over-year basis. During the same quarter last year, the business posted $0.16 EPS. Equities research analysts anticipate that Brooks Automation will post $1.18 EPS for the current fiscal year.
The firm also recently announced a quarterly dividend, which will be paid on Friday, September 29th. Stockholders of record on Friday, September 8th will be given a dividend of $0.10 per share. This represents a $0.40 dividend on an annualized basis and a dividend yield of 1.62%. The ex-dividend date of this dividend is Thursday, September 7th. Brooks Automation’s dividend payout ratio (DPR) is presently 50.00%.
Several large investors have recently bought and sold shares of the stock. USA Financial Portformulas Corp boosted its stake in Brooks Automation by 43.0% in the second quarter. USA Financial Portformulas Corp now owns 38,960 shares of the semiconductor company’s stock worth $845,000 after buying an additional 11,709 shares during the period. Phocas Financial Corp. acquired a new stake in Brooks Automation during the second quarter worth approximately $5,117,000. Dynamic Technology Lab Private Ltd boosted its stake in Brooks Automation by 126.0% in the second quarter. Dynamic Technology Lab Private Ltd now owns 46,942 shares of the semiconductor company’s stock worth $1,018,000 after buying an additional 26,174 shares during the period. Koch Industries Inc. acquired a new stake in Brooks Automation during the second quarter worth approximately $391,000. Finally, Piedmont Investment Advisors LLC acquired a new stake in Brooks Automation during the second quarter worth approximately $327,000. Hedge funds and other institutional investors own 89.88% of the company’s stock.
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.
To view ValuEngine’s full report, visit ValuEngine’s official website.
Receive News & Stock 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 stocks with our FREE daily email newsletter.