Brink’s (NYSE:BCO) Downgraded to “Buy” at StockNews.com

Brink’s (NYSE:BCO) was downgraded by investment analysts at StockNews.com from a “strong-buy” rating to a “buy” rating in a research note issued on Thursday.

Separately, William Blair initiated coverage on Brink’s in a research report on Tuesday, May 21st. They issued an “outperform” rating for the company. Four investment analysts have rated the stock with a buy rating, According to data from MarketBeat.com, the stock presently has an average rating of “Buy” and a consensus target price of $106.50.

Brink’s Stock Up 1.0 %

Shares of NYSE:BCO traded up $0.93 during trading on Thursday, reaching $95.74. 426,704 shares of the stock traded hands, compared to its average volume of 249,540. Brink’s has a 52-week low of $64.15 and a 52-week high of $113.63. The stock has a market cap of $4.26 billion, a P/E ratio of 36.68 and a beta of 1.46. The stock has a 50-day moving average of $103.27 and a two-hundred day moving average of $93.08. The company has a debt-to-equity ratio of 6.37, a quick ratio of 1.46 and a current ratio of 1.46.

Brink’s (NYSE:BCO) last issued its earnings results on Wednesday, August 7th. The business services provider reported $1.67 EPS for the quarter, beating the consensus estimate of $1.47 by $0.20. Brink’s had a return on equity of 59.84% and a net margin of 2.46%. The business had revenue of $1.25 billion for the quarter, compared to the consensus estimate of $1.26 billion. During the same period last year, the business posted $1.18 EPS. The company’s revenue was up 3.0% compared to the same quarter last year. As a group, sell-side analysts expect that Brink’s will post 7.56 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

A number of institutional investors have recently bought and sold shares of BCO. Arizona State Retirement System raised its position in shares of Brink’s by 1.1% during the 2nd quarter. Arizona State Retirement System now owns 12,521 shares of the business services provider’s stock valued at $1,282,000 after purchasing an additional 140 shares during the period. Retirement Systems of Alabama lifted its holdings in Brink’s by 0.3% in the 1st quarter. Retirement Systems of Alabama now owns 56,573 shares of the business services provider’s stock worth $5,226,000 after purchasing an additional 148 shares in the last quarter. Covestor Ltd lifted its holdings in Brink’s by 154.8% in the 1st quarter. Covestor Ltd now owns 316 shares of the business services provider’s stock worth $29,000 after purchasing an additional 192 shares in the last quarter. Natixis Advisors LLC boosted its stake in Brink’s by 0.9% in the 2nd quarter. Natixis Advisors LLC now owns 21,543 shares of the business services provider’s stock worth $2,206,000 after purchasing an additional 199 shares during the period. Finally, Parkside Financial Bank & Trust grew its holdings in Brink’s by 13.9% during the 4th quarter. Parkside Financial Bank & Trust now owns 1,723 shares of the business services provider’s stock valued at $152,000 after buying an additional 210 shares in the last quarter. Institutional investors own 94.96% of the company’s stock.

Brink’s Company Profile

The Brink's Company provides secure transportation, cash management, and other security-related services in North America, Latin America, Europe, and internationally. The company offers armored vehicle transportation of valuables; automated teller machine (ATM) management services, such as cash replenishment, cash forecasting, cash optimization, ATM remote monitoring, service call dispatching, transaction processing, installation, and first line maintenance services; and cash-in-transit services.