Brooks Automation (NASDAQ:BRKS) Stock Rating Lowered by TheStreet

Brooks Automation (NASDAQ:BRKS) was downgraded by equities research analysts at TheStreet from a “b-” rating to a “c+” rating in a research note issued on Tuesday, TheStreetRatingsTable reports.

BRKS has been the subject of several other research reports. BidaskClub lowered Brooks Automation from a “hold” rating to a “sell” rating in a report on Wednesday, August 7th. B. Riley reiterated a “buy” rating and set a $47.00 price target (down previously from $51.00) on shares of Brooks Automation in a research note on Friday, August 2nd. Stifel Nicolaus increased their target price on Brooks Automation from $40.00 to $43.00 and gave the company a “buy” rating in a research note on Tuesday, April 30th. Zacks Investment Research downgraded Brooks Automation from a “hold” rating to a “sell” rating in a research note on Tuesday, August 6th. Finally, ValuEngine raised Brooks Automation from a “buy” rating to a “strong-buy” rating in a report on Wednesday, May 1st. Two equities research analysts have rated the stock with a sell rating, one has issued a hold rating, four have issued a buy rating and one has given a strong buy rating to the company’s stock. Brooks Automation currently has an average rating of “Buy” and a consensus price target of $42.00.

BRKS stock traded down $0.05 during midday trading on Tuesday, hitting $30.13. 1,698 shares of the company’s stock were exchanged, compared to its average volume of 513,815. The company has a quick ratio of 2.41, a current ratio of 3.01 and a debt-to-equity ratio of 0.72. Brooks Automation has a 12-month low of $23.02 and a 12-month high of $42.25. The business has a 50 day moving average of $37.58. The firm has a market capitalization of $2.17 billion, a PE ratio of 47.09 and a beta of 1.36.



Brooks Automation (NASDAQ:BRKS) last issued its quarterly earnings results on Thursday, August 1st. The semiconductor company reported $0.19 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.16 by $0.03. Brooks Automation had a return on equity of 6.89% and a net margin of 4.78%. The business had revenue of $203.88 million during the quarter, compared to the consensus estimate of $205.14 million. During the same period in the previous year, the business earned $0.21 EPS. The business’s quarterly revenue was up 18.3% on a year-over-year basis. On average, sell-side analysts forecast that Brooks Automation will post 0.76 earnings per share for the current fiscal year.

In other Brooks Automation news, insider David Pietrantoni sold 3,333 shares of the company’s stock in a transaction that occurred on Tuesday, July 23rd. The stock was sold at an average price of $41.00, for a total value of $136,653.00. Following the completion of the transaction, the insider now owns 35,768 shares of the company’s stock, valued at approximately $1,466,488. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Corporate insiders own 2.45% of the company’s stock.

Institutional investors and hedge funds have recently modified their holdings of the company. Systematic Financial Management LP increased its holdings in Brooks Automation by 3.4% during the 1st quarter. Systematic Financial Management LP now owns 397,538 shares of the semiconductor company’s stock valued at $11,660,000 after purchasing an additional 13,145 shares in the last quarter. Deutsche Bank AG increased its holdings in Brooks Automation by 11.2% during the 4th quarter. Deutsche Bank AG now owns 155,199 shares of the semiconductor company’s stock valued at $4,061,000 after purchasing an additional 15,680 shares in the last quarter. Dynamic Technology Lab Private Ltd acquired a new stake in Brooks Automation during the 1st quarter valued at $449,000. Oppenheimer & Co. Inc. acquired a new stake in Brooks Automation during the 1st quarter valued at $2,128,000. Finally, Nisa Investment Advisors LLC increased its holdings in Brooks Automation by 11.4% during the 1st quarter. Nisa Investment Advisors LLC now owns 48,804 shares of the semiconductor company’s stock valued at $1,431,000 after purchasing an additional 5,000 shares in the last quarter. 98.54% of the stock is owned by institutional investors and hedge funds.

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.

Recommended Story: Calculating net profit and net profit margin ratio

Analyst Recommendations for Brooks Automation (NASDAQ:BRKS)

Receive News & Ratings for Brooks Automation Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Brooks Automation and related companies with MarketBeat.com's FREE daily email newsletter.