Brooks Automation Inc (BRKS) is Upgraded by Citigroup to Buy

Brooks Automation Inc (BRKS) was Upgraded by Citigroup to ” Buy”. Earlier the firm had a rating of “Neutral ” on the company shares. Citigroup advised their investors in a research report released on Oct 12, 2016.

Many Wall Street Analysts have commented on Brooks Automation Inc. Company shares were Reiterated by Needham on Jul 29, 2016 to “Buy”, Firm has raised the Price Target to $ 15 from a previous price target of $13 .

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 -0.49 points or -3.56% at $13.26 with 1,20,032 shares getting traded on Tuesday. Post opening the session at $13.74, the shares hit an intraday low of $13.22 and an intraday high of $13.74 and the price fluctuated in this range throughout the day.Shares ended Tuesday session in Red.

In a different news, on Sep 20, 2016, David C Gray (Chief Strategy & New Business) sold 6,441 shares at $12.74 per share price. According to the SEC, on Aug 2, 2016, Jason Joseph (VP, General Counsel, Secretary) sold 1,422 shares at $12.38 per share price. On Jul 19, 2016, William T. Montone (SVP, Human Resources) sold 5,000 shares at $12.08 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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