An interesting stock that came up in some of our conversations today is Brooks Automation, Inc. (NASDAQ:BRKS). At current price of $41.52, the shares have already lost -1.01 points (-2.37% lower) from its previous close of $42.53. Should you buy or avoid them? The stock sets an active trading volume day with a reported 99743 contracts so far this session. BRKS shares had a relatively better volume day versus average trading capacity of 480.47 thousand shares, but with a 72.01 million float and a 4.88% run over a week, it’s definitely worth keeping an eye on. The one year price forecast for BRKS stock indicates that the average analyst price target is $48.5 per share. This means the stock has a potential increase of 16.81% from where the BRKS share price has been trading recently.
During the recent trading session for Brooks Automation, Inc. (NASDAQ:BRKS), the company witnessed their stock rise $2.54 over a week and tumble down $-2.43 from the price 20 days ago. When compared to their established 52-week high of $50.35, the high they recorded in their recent session happens to be higher. Their established 52-week high was attained by the company on 07/11/19. The recent low of $28.42 stood for a -17.54% since 03/27/19, a data which is good for most investors who are looking to take advantage of the stock’s recent rise. A beta of 1.52 is also allocated to the stock. Since the beta is greater than one, it implies that the stock is more volatile than the market, a data that traders are keeping close attention to.
Looking at the current readings for Brooks Automation, Inc., the two-week RSI stands at 53.41. This figure suggests that BRKS stock, for now, is neutral, meaning that the shares are stable in terms of price movement. The stochastic readings, on the other hand, based on the current BRKS readings is similarly very revealing as it has a stochastic reading of 79.2% at this stage. This figure means that BRKS share price today is being oversold.
Technical chart claims that Brooks Automation, Inc. (BRKS) would settle between $42.91/share to $43.29/share level. However, if the stock price goes below the $42.09 mark, then the market for Brooks Automation, Inc. becomes much weaker. If that happens, the stock price might even plunge as low as $41.66 for its downside target. The stock is currently in the green zone of MACD, with the indicator reading 1.18. Traders are always alerted for the move of a stock above or below the zero line due to the fact that the reading is an indicator of the position of the short-term average relative to the long-term average. If the MACD is above the zero line, then the short-term average relative is above that of the long-term average, thus implying an upward momentum. Vice versa is the case if the MACD is below the zero line.
Analysts at Citigroup lowered their recommendation on shares of BRKS from Buy to Neutral in their opinion released on September 23. Stephens, analysts launched coverage of Brooks Automation, Inc. (NASDAQ:BRKS) stock with a Equal-Weight recommendation, according to their flash note issued to investors on August 23. Analysts at B. Riley FBR are sticking to their Buy stance. However, on August 02, they lifted price target for these shares to $47 from $51.
BRKS equity has an average rating of 2.17, with the figure leaning towards a bullish end. 6 analysts who tracked the company were contacted by Reuters. Amongst them, 3 rated the stock as a hold while the remaining 3 were split even though not equally. Some analysts rate the stock as a buy or a strong buy while no rated it as a sell. 3 analysts rated Brooks Automation, Inc. (NASDAQ:BRKS) as a buy or a strong buy while not a single analyst advised that investors should desist from purchasing the stock or sell them if they already own the company’s stock.
Moving on, BRKS stock price is currently trading at 25.44X forward 12-month Consensus EPS estimates, and its P/E ratio is 191.5 while for the average stock in the same group, the multiple is 32.8. Brooks Automation, Inc. current P/B ratio of 2.7 means it is trading at a discount against its industry’s 7.9.