Citigroup Maintains Brooks Automation Inc to Neutral with Price Target $12.50

Brokerage firm Citigroup Maintains its rating on Brooks Automation Inc(NASDAQ:BRKS). In a research note issued to the investors, the brokerage major Raises the price-target to $12.50 per share. The shares have been rated Neutral. The rating by Citigroup was issued on Sep 12, 2016.

Brooks Automation Inc (BRKS) made into the market gainers list on Tuesdays trading session with the shares advancing 0.54% or 0.07 points. Due to strong positive momentum, the stock ended at $13.05, which is also near the day’s high of $13.1899. The stock began the session at $13.05 and the volume stood at 2,93,930 shares. The 52-week high of the shares is $13.2 and the 52 week low is $8.33. The company has a current market capitalization of $896 M and it has 6,86,39,222 shares in outstanding.

Brooks Automation Inc(BRKS) last announced its earnings results on Jul 28, 2016 for Fiscal Year 2016 and Q3.Company reported revenue of $147.53M. Analysts had an estimated revenue of $144.40M. Earnings per share were $0.16.

Several Insider Transactions has been reported to the SEC. On Aug 2, 2016, Jason Joseph (VP, General Counsel, Secretary) sold 1,422 shares at $12.38 per share price.Also, On Jul 19, 2016, William T. Montone (SVP, Human Resources) sold 5,000 shares at $12.08 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.

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