ValuEngine upgraded shares of Brink’s (NYSE:BCO) from a hold rating to a buy rating in a research note issued to investors on Friday morning.
BCO has been the subject of a number of other reports. Sidoti reiterated a neutral rating and issued a $94.00 price target on shares of Brink’s in a research note on Friday, December 15th. Zacks Investment Research downgraded Brink’s from a buy rating to a hold rating in a research note on Wednesday, December 27th. Imperial Capital reiterated an outperform rating and issued a $100.00 price target (up from $86.00) on shares of Brink’s in a research note on Thursday, January 18th. Gabelli upgraded Brink’s from a hold rating to a buy rating in a research note on Thursday, February 8th. Finally, Buckingham Research started coverage on Brink’s in a research note on Monday, March 26th. They issued a buy rating and a $100.00 price target for the company. One analyst has rated the stock with a hold rating and six have assigned a buy rating to the company. The company has an average rating of Buy and an average price target of $94.80.
Shares of NYSE BCO opened at $73.60 on Friday. Brink’s has a 1 year low of $53.15 and a 1 year high of $88.10. The stock has a market cap of $3,722.32, a PE ratio of 24.29, a price-to-earnings-growth ratio of 0.94 and a beta of 1.76. The company has a debt-to-equity ratio of 3.37, a quick ratio of 1.78 and a current ratio of 1.78.
Brink’s (NYSE:BCO) last announced its earnings results on Wednesday, February 7th. The business services provider reported $0.95 earnings per share (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 business had revenue of $903.00 million for the quarter, compared to analysts’ expectations of $851.35 million. During the same period in the previous year, the firm posted $0.87 earnings per share. The firm’s revenue was up 12.3% compared to the same quarter last year. equities research analysts anticipate that Brink’s will post 3.81 earnings per share for the current year.
In other news, Director George I. Stoeckert purchased 2,000 shares of the firm’s stock in a transaction that occurred on Wednesday, February 14th. The stock was acquired at an average cost of $74.15 per share, for a total transaction of $148,300.00. Following the completion of the purchase, the director now owns 17,714 shares of the company’s stock, valued at $1,313,493.10. The purchase was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CEO Douglas A. Pertz purchased 10,000 shares of the firm’s stock in a transaction that occurred on Thursday, February 8th. The stock was purchased 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 purchased 17,500 shares of company stock valued at $1,281,770 over the last quarter. Insiders own 2.48% of the company’s stock.
Hedge funds have recently modified their holdings of the business. Virtus Fund Advisers LLC acquired a new position in Brink’s in the fourth quarter valued at approximately $146,000. Zurcher Kantonalbank Zurich Cantonalbank boosted its stake in Brink’s by 105.4% in the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 2,670 shares of the business services provider’s stock valued at $210,000 after acquiring an additional 1,370 shares during the period. Legato Capital Management LLC acquired a new position in Brink’s in the fourth quarter valued at approximately $240,000. Tyers Asset Management LLC boosted its stake in Brink’s by 29.1% in the fourth quarter. Tyers Asset Management LLC now owns 3,408 shares of the business services provider’s stock valued at $268,000 after acquiring an additional 768 shares during the period. Finally, Cambria Investment Management L.P. acquired a new position in Brink’s in the third quarter valued at approximately $277,000. Institutional investors own 93.07% of the company’s stock.
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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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