Brink’s (NYSE:BCO) has been assigned an average rating of “Buy” from the six ratings firms that are presently covering the company, Marketbeat Ratings reports. Two research analysts have rated the stock with a hold rating and three have given a buy rating to the company. The average 12 month price target among analysts that have updated their coverage on the stock in the last year is $96.67.
Separately, Zacks Investment Research cut Brink’s from a “hold” rating to a “sell” rating in a research note on Thursday, December 27th.
In other news, CEO Douglas A. Pertz acquired 5,000 shares of the business’s stock in a transaction on Friday, March 8th. The shares were acquired at an average cost of $72.65 per share, with a total value of $363,250.00. Following the transaction, the chief executive officer now owns 251,900 shares in the company, valued at approximately $18,300,535. The acquisition was disclosed in a legal filing with the SEC, which is available at this link. Also, insider Amit Zukerman sold 10,000 shares of Brink’s stock in a transaction that occurred on Friday, February 8th. The shares were sold at an average price of $75.62, for a total value of $756,200.00. The disclosure for this sale can be found here. Over the last ninety days, insiders have acquired 18,000 shares of company stock worth $1,309,720 and have sold 23,924 shares worth $1,829,571. Insiders own 2.48% of the company’s stock.
Institutional investors have recently bought and sold shares of the business. Arizona State Retirement System boosted its position in shares of Brink’s by 0.4% in the 4th quarter. Arizona State Retirement System now owns 36,329 shares of the business services provider’s stock worth $2,349,000 after purchasing an additional 151 shares in the last quarter. ETF Managers Group LLC boosted its position in shares of Brink’s by 18.1% in the 4th quarter. ETF Managers Group LLC now owns 1,865 shares of the business services provider’s stock worth $121,000 after purchasing an additional 286 shares in the last quarter. Macquarie Group Ltd. boosted its position in shares of Brink’s by 0.3% in the 4th quarter. Macquarie Group Ltd. now owns 108,554 shares of the business services provider’s stock worth $7,018,000 after purchasing an additional 300 shares in the last quarter. Oregon Public Employees Retirement Fund boosted its position in shares of Brink’s by 1.8% in the 4th quarter. Oregon Public Employees Retirement Fund now owns 20,402 shares of the business services provider’s stock worth $1,319,000 after purchasing an additional 364 shares in the last quarter. Finally, Zurcher Kantonalbank Zurich Cantonalbank boosted its position in shares of Brink’s by 12.4% in the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 3,484 shares of the business services provider’s stock worth $225,000 after purchasing an additional 383 shares in the last quarter. 98.36% of the stock is currently owned by institutional investors and hedge funds.
NYSE BCO opened at $77.45 on Friday. The company has a current ratio of 1.42, a quick ratio of 1.39 and a debt-to-equity ratio of 8.83. The stock has a market capitalization of $3.78 billion, a P/E ratio of 22.38, a price-to-earnings-growth ratio of 1.25 and a beta of 1.59. Brink’s has a 1 year low of $59.08 and a 1 year high of $85.00.
Brink’s (NYSE:BCO) last posted its earnings results on Wednesday, February 6th. The business services provider reported $1.05 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $1.00 by $0.05. The company had revenue of $907.70 million for the quarter, compared to analysts’ expectations of $925.06 million. Brink’s had a positive return on equity of 68.11% and a negative net margin of 0.96%. Brink’s’s quarterly revenue was up .5% on a year-over-year basis. During the same period last year, the firm earned $0.95 earnings per share. As a group, analysts anticipate that Brink’s will post 4.22 EPS for the current fiscal year.
The company also recently disclosed a quarterly dividend, which was paid on Friday, March 1st. Shareholders of record on Friday, February 8th were given a dividend of $0.15 per share. The ex-dividend date of this dividend was Thursday, February 7th. This represents a $0.60 annualized dividend and a yield of 0.77%. Brink’s’s payout ratio is 17.34%.
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.
Featured Article: How to calculate the intrinsic value of a stock
Receive News & Ratings for Brink's Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Brink's and related companies with MarketBeat.com's FREE daily email newsletter.