In a report released today, Craig Ellis from B.Riley FBR maintained a Buy rating on Brooks Automation (BRKS), with a price target of $47. The company’s shares closed last Monday at $38.30.
Ellis noted:
“Brooks Automation (BRKS) hosts an Analyst day on 9/17 at 9:00AM ET in New York City. We expect a focus on strategies for above industry-average long-term growth and an updated long- term target financial model in presentations from CEO and interim Life Sciences head Steve Schwartz, Semi SVP David Jarzynka, and CFO London Robertson. Recall a series of increasingly large-scale deals have lifted high growth mix from 85%, most recently exemplified by Semi’s F4Q18 $540M (AT) Cryo spin and LS’s F1Q19 $450M GENEWIZ acquisition. In the past year, Semi significantly out grew its industry, while LS hit Sample Management segment execution speed bumps, so tactics to sustain and regain operational excellence are also in order.”
According to TipRanks.com, Ellis is a 5-star analyst with an average return of 6.9% and a 57.4% success rate. Ellis covers the Consumer Goods sector, focusing on stocks such as Applied Materials Inc, Axcelis Technologies, and Rudolph Technologies.
The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Brooks Automation with a $42 average price target.
See today’s analyst top recommended stocks >>
The company has a one-year high of $42.25 and a one-year low of $23.02. Currently, Brooks Automation has an average volume of 469.1K.
TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.
Brooks Automation, Inc. engages in the provision of automation and cryogenic solutions for multiple markets, including semiconductor capital equipment and life science biological sample management and storage. It operates through the following business segments: Brooks Semiconductor Solutions Group; and Brooks Life Science Systems.
