Brooks Automation Inc (BRKS) is Reiterated by Needham to Buy, Raises Price Target to $ 15

Brooks Automation Inc (BRKS) was Reiterated by Needham to “Buy” according to the research note released today. The brokerage firm has raised the Price Target to $ 15 from a previous price target of $13 . Needham advised their investors in a research report released on Jul 29, 2016.

On the company’s financial health, Brooks Automation Inc reported $0.16 EPS for the quarter, beating the analyst consensus estimate by $ 0.03 according to the earnings call on Jul 28, 2016. Analyst had a consensus of $0.13. The company had revenue of $147.53 million for the quarter, compared to analysts expectations of $144.08 million. The company’s revenue was up 1.8% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.15 EPS.

Brooks Automation Inc closed down -0.01 points or -0.08% at $12.95 with 2,55,658 shares getting traded on Thursday. Post opening the session at $12.8, the shares hit an intraday low of $12.76 and an intraday high of $13.09 and the price fluctuated in this range throughout the day.Shares ended Thursday session in Red.

In a different news, on Jul 19, 2016, William T. Montone (SVP, Human Resources) sold 5,000 shares at $12.08 per share price. According to the SEC, on Jul 14, 2016, Jason Joseph (VP, General Counsel, Secretary) sold 1,450 shares at $12.00 per share price. On Mar 18, 2016, David C Gray (Chief Strategy & New Business) sold 12,089 shares at $9.99 per share price, according to the Form-4 filing with the securities and exchange commission.

Brooks Automation Inc. is a global provider of automation vacuum and instrumentation solutions for multiple markets including semiconductor manufacturing technology device manufacturing and life sciences. The Company operates in three segments: Brooks Product Solutions Brooks Global Services and Brooks Life Science Systems. The Brooks Product Solutions segment provides a variety of products and solutions that enable improved throughput and yield in controlled operating environments. The Brooks Global Services segment provides an extensive range of support services including repair services diagnostic support services and installation services in support of the base equipment installed by its Brooks Product Solutions segment. The Brooks Life Science Systems segment provides automated sample management systems for automated cold sample storage equipment for sample preparation and handling consumables and parts and support services to a wide range of life science customers.

Brooks Automation Inc

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