Brink’s (NYSE:BCO) was upgraded by research analysts at ValuEngine from a “sell” rating to a “hold” rating in a report released on Saturday, October 27th.
Several other brokerages have also issued reports on BCO. SunTrust Banks decreased their target price on Brink’s to $90.00 and set a “buy” rating for the company in a research report on Monday, October 15th. Berenberg Bank initiated coverage on Brink’s in a research report on Wednesday, September 12th. They set a “buy” rating and a $90.00 target price for the company. TheStreet downgraded Brink’s from a “b-” rating to a “c” rating in a research note on Wednesday, August 1st. Finally, Zacks Investment Research upgraded Brink’s from a “sell” rating to a “hold” rating in a research note on Monday, July 30th. One equities research analyst has rated the stock with a sell rating, one has given a hold rating and six have issued a buy rating to the company’s stock. Brink’s presently has an average rating of “Buy” and an average target price of $94.33.
Shares of NYSE:BCO traded up $0.84 during trading on Friday, reaching $65.52. 172,924 shares of the stock were exchanged, compared to its average volume of 509,070. The firm has a market capitalization of $3.27 billion, a price-to-earnings ratio of 21.62, a PEG ratio of 1.26 and a beta of 1.60. Brink’s has a 1-year low of $61.47 and a 1-year high of $88.10. The company has a quick ratio of 1.53, a current ratio of 1.53 and a debt-to-equity ratio of 5.89.
Brink’s (NYSE:BCO) last released its quarterly earnings results on Wednesday, October 24th. The business services provider reported $0.91 EPS for the quarter, beating analysts’ consensus estimates of $0.80 by $0.11. The business had revenue of $852.00 million during the quarter, compared to analyst estimates of $843.96 million. Brink’s had a positive return on equity of 56.86% and a negative net margin of 3.46%. Brink’s’s quarterly revenue was up .3% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.83 EPS. Equities research analysts anticipate that Brink’s will post 3.32 earnings per share for the current fiscal year.
In other news, CFO Ronald James Domanico purchased 2,000 shares of the business’s stock in a transaction dated Friday, September 7th. The stock was bought at an average price of $69.45 per share, for a total transaction of $138,900.00. The acquisition was disclosed in a filing with the SEC, which is accessible through the SEC website. 2.48% of the stock is currently owned by corporate insiders.
Hedge funds have recently bought and sold shares of the company. Vaughan Nelson Investment Management L.P. boosted its position in shares of Brink’s by 36.3% during the 2nd quarter. Vaughan Nelson Investment Management L.P. now owns 1,369,402 shares of the business services provider’s stock valued at $109,210,000 after acquiring an additional 364,925 shares during the last quarter. BlackRock Inc. boosted its position in shares of Brink’s by 6.0% during the 2nd quarter. BlackRock Inc. now owns 5,615,155 shares of the business services provider’s stock valued at $447,808,000 after acquiring an additional 319,584 shares during the last quarter. Monarch Partners Asset Management LLC boosted its position in shares of Brink’s by 123.2% during the 2nd quarter. Monarch Partners Asset Management LLC now owns 440,810 shares of the business services provider’s stock valued at $35,155,000 after acquiring an additional 243,343 shares during the last quarter. FMR LLC boosted its position in shares of Brink’s by 29.3% during the 3rd quarter. FMR LLC now owns 1,008,498 shares of the business services provider’s stock valued at $70,343,000 after acquiring an additional 228,626 shares during the last quarter. Finally, Victory Capital Management Inc. bought a new stake in shares of Brink’s during the 2nd quarter valued at about $17,890,000. Institutional investors own 99.22% of the company’s stock.
Brink’s Company Profile
The Brink's Company provides secure transportation, cash management, and other security-related services worldwide. The company offers cash-in-transit services, including armored vehicle transportation of valuables; automated teller machine (ATM) services, such as cash replenishment, replenishment forecasting, cash optimization, ATM remote monitoring, service call dispatching, transaction processing, installation, and first and second line maintenance; and network infrastructure services.
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