B. Riley Raises Brooks Automation (NASDAQ:BRKS) Price Target to $55.00

Brooks Automation (NASDAQ:BRKS) had its price objective lifted by investment analysts at B. Riley from $50.00 to $55.00 in a note issued to investors on Monday, The Fly reports. B. Riley’s price target suggests a potential upside of 28.24% from the company’s previous close.

Several other brokerages have also recently weighed in on BRKS. ValuEngine upgraded Brooks Automation from a “hold” rating to a “buy” rating in a report on Friday, May 1st. Needham & Company LLC assumed coverage on Brooks Automation in a report on Tuesday, June 2nd. They issued a “hold” rating for the company. Citigroup increased their price objective on Brooks Automation from $37.00 to $40.00 and gave the stock a “neutral” rating in a report on Friday, May 1st. Stifel Nicolaus cut Brooks Automation from a “buy” rating to a “hold” rating and set a $46.00 price objective for the company. in a report on Monday, June 22nd. Finally, BidaskClub upgraded Brooks Automation from a “hold” rating to a “buy” rating in a report on Friday, June 19th. Five research analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. Brooks Automation currently has a consensus rating of “Hold” and a consensus price target of $45.00.

Shares of BRKS stock opened at $42.89 on Monday. The stock has a market capitalization of $3.11 billion, a PE ratio of 7.04 and a beta of 1.48. Brooks Automation has a 1-year low of $21.19 and a 1-year high of $50.35. The business has a 50-day moving average of $41.16 and a 200 day moving average of $37.81. The company has a debt-to-equity ratio of 0.07, a current ratio of 2.91 and a quick ratio of 2.36.

Brooks Automation (NASDAQ:BRKS) last issued its earnings results on Thursday, April 30th. The semiconductor company reported $0.25 earnings per share for the quarter, meeting the consensus estimate of $0.25. The company had revenue of $220.23 million during the quarter, compared to analysts’ expectations of $219.27 million. Brooks Automation had a return on equity of 6.41% and a net margin of 52.96%. Brooks Automation’s quarterly revenue was up 11.0% compared to the same quarter last year. During the same period in the prior year, the business posted $0.17 EPS. Analysts anticipate that Brooks Automation will post 0.88 EPS for the current year.

In other news, CFO Lindon G. Robertson sold 12,132 shares of the firm’s stock in a transaction that occurred on Friday, June 5th. The stock was sold at an average price of $44.30, for a total value of $537,447.60. Following the completion of the transaction, the chief financial officer now owns 102,675 shares in the company, valued at approximately $4,548,502.50. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, Director Joseph R. Martin sold 5,000 shares of the firm’s stock in a transaction that occurred on Wednesday, May 20th. The shares were sold at an average price of $40.54, for a total value of $202,700.00. Following the completion of the transaction, the director now owns 83,619 shares of the company’s stock, valued at approximately $3,389,914.26. The disclosure for this sale can be found here. In the last 90 days, insiders sold 27,132 shares of company stock valued at $1,135,148. 2.66% of the stock is currently owned by company insiders.

Hedge funds have recently bought and sold shares of the stock. Archer Investment Corp bought a new position in Brooks Automation during the 4th quarter valued at approximately $33,000. Sowell Financial Services LLC increased its position in Brooks Automation by 5,183.7% during the 1st quarter. Sowell Financial Services LLC now owns 2,272 shares of the semiconductor company’s stock valued at $69,000 after buying an additional 2,229 shares in the last quarter. Fifth Third Bancorp increased its position in Brooks Automation by 61.3% during the 1st quarter. Fifth Third Bancorp now owns 2,464 shares of the semiconductor company’s stock valued at $75,000 after buying an additional 936 shares in the last quarter. FDx Advisors Inc. bought a new position in Brooks Automation during the 1st quarter valued at approximately $75,000. Finally, Mutual of America Capital Management LLC increased its position in Brooks Automation by 21.5% during the 1st quarter. Mutual of America Capital Management LLC now owns 3,138 shares of the semiconductor company’s stock valued at $96,000 after buying an additional 555 shares in the last quarter. 97.37% of the stock is owned by institutional investors.

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.

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