Brooks Automation, Inc. (BRKS) PT Raised to $38.00 at Stifel Nicolaus
Brooks Automation, Inc. (NASDAQ:BRKS) had its target price upped by analysts at Stifel Nicolaus from $32.00 to $38.00 in a note issued to investors on Wednesday. The firm currently has a “buy” rating on the semiconductor company’s stock. Stifel Nicolaus’ price target would suggest a potential upside of 11.39% from the company’s previous close.
Several other equities research analysts have also commented on the stock. Janney Montgomery Scott raised their price target on shares of Brooks Automation from $30.00 to $35.00 and gave the company a “buy” rating in a research note on Thursday, September 14th. BidaskClub upgraded shares of Brooks Automation from a “hold” rating to a “buy” rating in a research note on Tuesday, July 11th. Needham & Company LLC reiterated a “hold” rating on shares of Brooks Automation in a report on Friday, October 6th. ValuEngine cut shares of Brooks Automation from a “buy” rating to a “hold” rating in a report on Wednesday, July 12th. Finally, Credit Suisse Group restated a “hold” rating and set a $26.00 target price on shares of Brooks Automation in a report on Thursday, August 3rd. Four investment analysts have rated the stock with a hold rating, four have issued a buy rating and one has issued a strong buy rating to the stock. Brooks Automation currently has an average rating of “Buy” and a consensus price target of $30.43.
Brooks Automation (NASDAQ BRKS) traded up $0.22 on Wednesday, reaching $34.12. 79,014 shares of the company traded hands, compared to its average volume of 603,292. The firm has a market capitalization of $2,369.72, a price-to-earnings ratio of 37.33 and a beta of 1.06. Brooks Automation has a 52-week low of $12.95 and a 52-week high of $34.77.
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Several institutional investors have recently modified their holdings of the company. BlackRock Inc. lifted its holdings in Brooks Automation by 49,535.5% during the 1st quarter. BlackRock Inc. now owns 8,670,335 shares of the semiconductor company’s stock valued at $194,215,000 after purchasing an additional 8,652,867 shares during the last quarter. Mesirow Financial Investment Management Equity Management bought a new stake in shares of Brooks Automation during the third quarter worth approximately $15,902,000. Bank of New York Mellon Corp grew its holdings in Brooks Automation by 23.7% during the second quarter. Bank of New York Mellon Corp now owns 2,555,177 shares of the semiconductor company’s stock valued at $55,421,000 after purchasing an additional 489,434 shares during the period. Koch Industries Inc. acquired a new position in Brooks Automation during the second quarter valued at approximately $391,000. Finally, Vanguard Group Inc. grew its holdings in Brooks Automation by 6.2% during the second quarter. Vanguard Group Inc. now owns 6,675,027 shares of the semiconductor company’s stock valued at $144,781,000 after purchasing an additional 392,115 shares during the period. Institutional investors and hedge funds own 90.61% 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.
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