Shares of Brink's (NYSE:BCO) have been given an average rating of “Buy” by the six analysts that are covering the company, MarketBeat Ratings reports. One investment analyst has rated the stock with a hold rating and five have issued a buy rating on the company. The average 12-month price target among brokers that have issued a report on the stock in the last year is $93.33.
BCO has been the topic of several research analyst reports. ValuEngine cut shares of Brink's from a “buy” rating to a “hold” rating in a research note on Friday, December 1st. Sidoti reaffirmed a “neutral” rating and set a $94.00 price objective on shares of Brink's in a research note on Friday, December 15th. Zacks Investment Research cut shares of Brink's from a “buy” rating to a “hold” rating in a research note on Wednesday, December 27th. Imperial Capital reaffirmed an “outperform” rating and set a $100.00 price objective (up from $86.00) on shares of Brink's in a research note on Thursday, January 18th. Finally, Gabelli raised shares of Brink's from a “hold” rating to a “buy” rating in a research note on Thursday, February 8th.
In related news, CEO Douglas A. Pertz purchased 10,000 shares of the firm’s stock in a transaction dated Thursday, February 8th. The shares were acquired at an average cost of $72.91 per share, with a total value of $729,100.00. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director George I. Stoeckert purchased 2,000 shares of the firm’s stock in a transaction dated Monday, February 12th. The shares were bought at an average cost of $75.87 per share, for a total transaction of $151,740.00. Following the completion of the purchase, the director now directly owns 15,714 shares of the company’s stock, valued at $1,192,221.18. The disclosure for this purchase can be found here. Insiders have acquired 20,200 shares of company stock worth $1,499,255 over the last ninety days. Insiders own 10.40% of the company’s stock.
Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. BlackRock Inc. grew its stake in shares of Brink's by 3.3% during the fourth quarter. BlackRock Inc. now owns 5,669,576 shares of the business services provider’s stock valued at $446,196,000 after purchasing an additional 182,730 shares during the last quarter. American Century Companies Inc. grew its stake in shares of Brink's by 4.5% during the third quarter. American Century Companies Inc. now owns 1,178,614 shares of the business services provider’s stock valued at $99,298,000 after purchasing an additional 51,181 shares during the last quarter. Thrivent Financial For Lutherans grew its stake in shares of Brink's by 7.3% during the fourth quarter. Thrivent Financial For Lutherans now owns 836,321 shares of the business services provider’s stock valued at $65,818,000 after purchasing an additional 56,986 shares during the last quarter. Vaughan Nelson Investment Management L.P. grew its stake in shares of Brink's by 25.6% during the fourth quarter. Vaughan Nelson Investment Management L.P. now owns 777,025 shares of the business services provider’s stock valued at $61,152,000 after purchasing an additional 158,175 shares during the last quarter. Finally, Bank of New York Mellon Corp grew its stake in shares of Brink's by 3.0% during the third quarter. Bank of New York Mellon Corp now owns 636,014 shares of the business services provider’s stock valued at $53,584,000 after purchasing an additional 18,328 shares during the last quarter. 92.33% of the stock is currently owned by institutional investors and hedge funds.
Brink's (BCO) traded up $2.10 during trading hours on Monday, reaching $72.45. 354,696 shares of the company traded hands, compared to its average volume of 464,403. Brink's has a 52-week low of $47.30 and a 52-week high of $88.10. The company has a debt-to-equity ratio of 3.37, a current ratio of 1.78 and a quick ratio of 1.78. The firm has a market capitalization of $3,557.98, a price-to-earnings ratio of 233.71, a PEG ratio of 0.91 and a beta of 1.77.
Brink's (NYSE:BCO) last issued its quarterly earnings data on Wednesday, February 7th. The business services provider reported $0.95 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.96 by ($0.01). The firm had revenue of $903.00 million for the quarter, compared to the consensus estimate of $851.35 million. Brink's had a return on equity of 36.76% and a net margin of 0.50%. Brink's’s quarterly revenue was up 12.3% compared to the same quarter last year. During the same period in the prior year, the company posted $0.87 earnings per share. equities research analysts expect that Brink's will post 3.76 earnings per share for the current fiscal year.
The company also recently disclosed a quarterly dividend, which was paid on Thursday, March 1st. Shareholders of record on Thursday, February 8th were paid a dividend of $0.15 per share. The ex-dividend date was Wednesday, February 7th. This represents a $0.60 annualized dividend and a yield of 0.83%. Brink's’s dividend payout ratio is 193.55%.
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Brink's Company Profile
The Brink’s Company (Brink’s) is a provider of logistics and security solutions. The Company operates through nine segments: U.S., France, Mexico, Brazil, Canada, Latin America, EMEA, Asia and Payment Services. The Company’s solutions include cash-in-transit (CIT), automated teller machine (ATM) replenishment and maintenance, cash management services, including vault outsourcing, money processing, and intelligent safe services, international transportation of valuables, and payment services.
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