B.Riley FBR Reaffirms Their Buy Rating on Brooks Automation (BRKS)

By Jason Carr

B.Riley FBR analyst Craig Ellis reiterated a Buy rating on Brooks Automation (BRKSResearch Report) today and set a price target of $54.00. The company’s shares closed last Monday at $41.61.

According to TipRanks.com, Ellis is a 4-star analyst with an average return of 5.6% and a 56.2% success rate. Ellis covers the Consumer Goods sector, focusing on stocks such as Axcelis Technologies, Skyworks Solutions, and Applied Materials.

The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Brooks Automation with a $46.33 average price target.

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Brooks Automation’s market cap is currently $3.01B and has a P/E ratio of 103.12. The company has a Price to Book ratio of 2.64.

Based on the recent corporate insider activity of 55 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of BRKS in relation to earlier this year.

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.