Zacks Investment Research upgraded shares of Brink's (NYSE:BCO) from a hold rating to a buy rating in a research report released on Friday morning. Zacks Investment Research currently has $82.00 target price on the business services provider’s stock.
According to Zacks, “The Brink’s Company provides secure transportation, cash management services, and other security-related services worldwide. The company offers cash-in-transit services, including armoured 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 services, and first and second line maintenance; and network infrastructure services. It also provides transportation services for valued commodities, including diamonds, jewellery, precious metals, securities, currency, high-tech devices, electronics, and pharmaceuticals; and cash management services, such as money processing, deploying and servicing intelligent safes and safe control devices, integrated check and cash processing services, and check imaging services, as well as cashier balancing, counterfeit detection, account consolidation, and electronic reporting services. “
A number of other analysts have also recently commented on the company. Imperial Capital reaffirmed an outperform rating and set a $100.00 price target (up previously from $86.00) on shares of Brink's in a research report on Thursday, January 18th. ValuEngine cut Brink's from a buy rating to a hold rating in a research report on Friday, December 1st. Sidoti started coverage on Brink's in a research report on Friday, October 20th. They set a buy rating for the company. SunTrust Banks reaffirmed a buy rating and set a $98.00 price target on shares of Brink's in a research report on Wednesday, October 18th. Finally, Gabelli raised Brink's from a hold rating to a buy rating in a research report on Thursday, February 8th. One equities research analyst has rated the stock with a hold rating and five have given a buy rating to the company’s stock. Brink's has an average rating of Buy and a consensus price target of $93.50.
Shares of Brink's (BCO) opened at $73.70 on Friday. 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 3.66, a quick ratio of 1.21 and a current ratio of 1.89. The company has a market capitalization of $3,720.00, a PE ratio of 24.32, a price-to-earnings-growth ratio of 0.98 and a beta of 1.71.
Brink's (NYSE:BCO) last issued its quarterly earnings results on Wednesday, February 7th. The business services provider reported $0.95 EPS for the quarter, missing the Zacks’ consensus estimate of $0.96 by ($0.01). Brink's had a return on equity of 36.76% and a net margin of 0.50%. The firm had revenue of $903.00 million for the quarter, compared to analyst estimates of $851.35 million. During the same period in the prior year, the firm posted $0.87 EPS. The business’s revenue was up 12.3% compared to the same quarter last year. equities analysts forecast that Brink's will post 3.76 earnings per share for the current year.
The business also recently disclosed a quarterly dividend, which will be paid on Thursday, March 1st. Shareholders of record on Thursday, February 8th will be paid a dividend of $0.15 per share. The ex-dividend date is Wednesday, February 7th. This represents a $0.60 dividend on an annualized basis and a dividend yield of 0.81%. Brink's’s payout ratio is currently 19.80%.
In related news, Director George I. Stoeckert acquired 1,000 shares of Brink's stock in a transaction on Friday, December 8th. The stock was acquired at an average price of $80.40 per share, for a total transaction of $80,400.00. Following the purchase, the director now owns 12,014 shares of the company’s stock, valued at approximately $965,925.60. The acquisition was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, CEO Douglas A. Pertz acquired 10,000 shares of Brink's stock in a transaction on Thursday, February 8th. The shares were bought at an average price of $72.91 per share, with a total value of $729,100.00. The disclosure for this purchase can be found here. Insiders have acquired a total of 17,200 shares of company stock valued at $1,279,615 in the last quarter. Company insiders own 10.40% of the company’s stock.
Several hedge funds and other institutional investors have recently added to or reduced their stakes in BCO. Tower Research Capital LLC TRC raised its stake in shares of Brink's by 285.0% during the 2nd quarter. Tower Research Capital LLC TRC now owns 1,540 shares of the business services provider’s stock valued at $103,000 after buying an additional 1,140 shares during the last quarter. Cypress Capital Management LLC WY purchased a new position in shares of Brink's during the 3rd quarter valued at about $122,000. Meeder Asset Management Inc. purchased a new position in shares of Brink's during the 3rd quarter valued at about $128,000. Virtus Fund Advisers LLC purchased a new position in shares of Brink's during the 4th quarter valued at about $146,000. Finally, PNC Financial Services Group Inc. raised its stake in shares of Brink's by 493.8% during the 2nd quarter. PNC Financial Services Group Inc. now owns 2,678 shares of the business services provider’s stock valued at $180,000 after buying an additional 2,227 shares during the last quarter. Institutional investors and hedge funds own 88.13% of the company’s stock.
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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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