Worth Watching: Could Brooks Automation, Inc See a Reversal After Breaking Its 52-Week High?

Worth Watching: Could Brooks Automation, Inc See a Reversal After Breaking Its 52 Week High?

The stock of Brooks Automation, Inc (NASDAQ:BRKS) hit a new 52-week high and has $17.85 target or 7.00% above today’s $16.68 share price. The 6 months bullish chart indicates low risk for the $1.15B company. The 1-year high was reported on Nov, 28 by Barchart.com. If the $17.85 price target is reached, the company will be worth $80.50 million more.
The 52-week high event is an important milestone for every stock because it shows very positive momentum and is time when buyers come in. During such notable technical setup, fundamental investors usually stay away and are careful shorting or selling the stock. About 424,073 shares traded hands or 8.14% up from the average. Brooks Automation, Inc (NASDAQ:BRKS) has risen 67.10% since April 25, 2016 and is uptrending. It has outperformed by 61.09% the S&P500.

Analysts await Brooks Automation, Inc (NASDAQ:BRKS) to report earnings on February, 1. They expect $0.20 earnings per share, up 900.00% or $0.18 from last year’s $0.02 per share. BRKS’s profit will be $13.79M for 20.85 P/E if the $0.20 EPS becomes a reality. After $0.22 actual earnings per share reported by Brooks Automation, Inc for the previous quarter, Wall Street now forecasts -9.09% negative EPS growth.

Brooks Automation, Inc (NASDAQ:BRKS) Ratings Coverage

Out of 4 analysts covering Brooks Automation (NASDAQ:BRKS), 3 rate it a “Buy”, 1 “Sell”, while 0 “Hold”. This means 75% are positive. $16.50 is the highest target while $9.10 is the lowest. The $13.38 average target is -19.78% below today’s ($16.68) stock price. Brooks Automation has been the topic of 9 analyst reports since August 14, 2015 according to StockzIntelligence Inc. The firm has “Buy” rating by Needham given on Friday, November 6. The company was maintained on Thursday, February 4 by B. Riley & Co. Citigroup maintained it with “Neutral” rating and $12 target price in Friday, August 14 report. Needham maintained Brooks Automation, Inc (NASDAQ:BRKS) rating on Friday, July 29. Needham has “Buy” rating and $15 price target. Citigroup upgraded the shares of BRKS in a report on Wednesday, October 12 to “Buy” rating. Needham maintained it with “Buy” rating and $14 target price in Friday, October 9 report. The firm earned “Underperform” rating on Tuesday, March 8 by Credit Suisse.

According to Zacks Investment Research, “Brooks Automation delivers automation solutions to the global semiconductor and related industries. The company’s hardware, factory/tool management software, and professional services can manage every wafer, reticle and data movement in the fab, helping semiconductor manufacturers optimize throughput, yield and cost reduction, while reducing their time to market. Brooks products and capabilities are used in virtually every fab in the world.”

Insitutional Activity: The institutional sentiment decreased to 1.16 in Q2 2016. Its down 0.15, from 1.31 in 2016Q1. The ratio dropped, as 16 funds sold all Brooks Automation, Inc shares owned while 38 reduced positions. 15 funds bought stakes while 56 increased positions. They now own 59.57 million shares or 2.20% more from 58.29 million shares in 2016Q1.
Public Employees Retirement Association Of Colorado has 27,864 shares for 0% of their US portfolio. Schwab Charles Investment Management Inc has invested 0% of its portfolio in Brooks Automation, Inc (NASDAQ:BRKS). Teacher Retirement Of Texas holds 0% of its portfolio in Brooks Automation, Inc (NASDAQ:BRKS) for 9,545 shares. Moreover, Cornerstone Cap Mgmt Hldgs Limited Com has 0% invested in Brooks Automation, Inc (NASDAQ:BRKS) for 4,100 shares. Creative Planning last reported 0% of its portfolio in the stock. New York State Common Retirement Fund accumulated 0% or 65,500 shares. Metropolitan Life Insurance reported 48,115 shares or 0% of all its holdings. The Pennsylvania-based Pnc Services has invested 0% in Brooks Automation, Inc (NASDAQ:BRKS). Deutsche Natl Bank Ag owns 127,630 shares or 0% of their US portfolio. Her Majesty The Queen In Right Of The Province Of Alberta As Represented By Alberta Management reported 26,800 shares or 0% of all its holdings. The Connecticut-based Verition Fund Mngmt Ltd Liability has invested 0.02% in Brooks Automation, Inc (NASDAQ:BRKS). Los Angeles Management And Equity Rech, a California-based fund reported 13,026 shares. Guggenheim Capital Limited Liability, a Illinois-based fund reported 191,135 shares. Zacks Mngmt holds 0.02% or 67,424 shares in its portfolio. The New York-based Goldman Sachs has invested 0% in Brooks Automation, Inc (NASDAQ:BRKS).

Insider Transactions: Since June 2, 2016, the stock had 0 buys, and 23 sales for $3.68 million net activity. 6,791 shares with value of $104,242 were sold by Pietrantoni David on Wednesday, November 16. Another trade for 3,000 shares valued at $34,500 was sold by Joseph Jason. On Monday, November 14 SCHWARTZ STEPHEN S sold $150,000 worth of the stock or 10,000 shares. 3,000 shares with value of $34,590 were sold by Montone William T. on Monday, June 6. $239,046 worth of Brooks Automation, Inc (NASDAQ:BRKS) was sold by Gray David C on Wednesday, November 16. Shares for $164,100 were sold by WOOLLACOTT ALFRED III. $449,248 worth of Brooks Automation, Inc (NASDAQ:BRKS) was sold by Robertson Lindon G on Wednesday, November 16.

More recent Brooks Automation, Inc (NASDAQ:BRKS) news were published by: Forbes.com which released: “Ex-Dividend Reminder: Stanley Black & Decker, Brooks Automation and Sealed Air” on November 28, 2016. Also Marketwatch.com published the news titled: “/quotes/zigman/3870025/realtime” on December 21, 2009. Globenewswire.com‘s news article titled: “Brooks Automation Announces Fiscal 2016 Fourth Quarter And Year-End Earnings …” with publication date: October 24, 2016 was also an interesting one.

BRKS Company Profile

Brooks Automation, Inc., incorporated on November 14, 1994, is a well-known provider of automation and cryogenic solutions for semiconductor manufacturing and life sciences markets. The Firm operates through three divisions: Brooks Product Solutions, Brooks Global Services and Brooks Life Science Systems.

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