Brink’s Company (The) (BCO) Upgraded by ValuEngine to “Buy”

ValuEngine upgraded shares of Brink’s Company (The) (NYSE:BCO) from a hold rating to a buy rating in a research note published on Friday, September 1st.

Separately, Imperial Capital lifted their price target on Brink’s Company (The) from $65.00 to $72.00 and gave the stock an outperform rating in a report on Monday, July 17th. One analyst has rated the stock with a hold rating and six have issued a buy rating to the company. Brink’s Company (The) presently has a consensus rating of Buy and an average price target of $64.00.

Shares of Brink’s Company (NYSE:BCO) traded up 0.56% during trading on Friday, hitting $81.00. 7,362,935 shares of the stock were exchanged. The stock’s 50 day moving average price is $77.59 and its 200 day moving average price is $65.19. Brink’s Company has a 52 week low of $35.25 and a 52 week high of $84.00. The firm has a market capitalization of $4.09 billion, a price-to-earnings ratio of 48.21 and a beta of 1.73.

Brink’s Company (The) (NYSE:BCO) last released its quarterly earnings results on Wednesday, July 26th. The business services provider reported $0.64 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.46 by $0.18. The firm had revenue of $806.00 million for the quarter, compared to analysts’ expectations of $730.87 million. Brink’s Company (The) had a net margin of 2.73% and a return on equity of 34.49%. The firm’s revenue for the quarter was up 9.0% compared to the same quarter last year. During the same quarter last year, the company earned $0.38 EPS. On average, equities analysts predict that Brink’s Company will post $3.02 earnings per share for the current year.

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The company also recently disclosed a quarterly dividend, which was paid on Friday, September 1st. Shareholders of record on Thursday, July 27th were paid a $0.15 dividend. This represents a $0.60 dividend on an annualized basis and a yield of 0.74%. The ex-dividend date was Tuesday, July 25th. Brink’s Company (The)’s dividend payout ratio is currently 35.71%.

In related news, SVP Mcalister C. Marshall II sold 13,500 shares of the company’s stock in a transaction on Friday, August 4th. The stock was sold at an average price of $76.96, for a total transaction of $1,038,960.00. The sale was disclosed in a document filed with the SEC, which is available at this link. Also, Director Peter A. Feld sold 1,845 shares of the company’s stock in a transaction on Tuesday, August 15th. The stock was sold at an average price of $76.00, for a total value of $140,220.00. The disclosure for this sale can be found here. In the last quarter, insiders sold 501,415 shares of company stock valued at $38,681,954. 10.40% of the stock is owned by company insiders.

Large investors have recently modified their holdings of the company. Prudential Financial Inc. lifted its position in Brink’s Company (The) by 22.5% during the second quarter. Prudential Financial Inc. now owns 448,200 shares of the business services provider’s stock worth $30,029,000 after buying an additional 82,220 shares during the period. Alps Advisors Inc. acquired a new stake in Brink’s Company (The) during the 2nd quarter valued at approximately $310,000. Ameriprise Financial Inc. grew its stake in Brink’s Company (The) by 17.5% during the 1st quarter. Ameriprise Financial Inc. now owns 320,682 shares of the business services provider’s stock valued at $17,140,000 after purchasing an additional 47,737 shares in the last quarter. First Trust Advisors LP grew its stake in Brink’s Company (The) by 330.5% during the 2nd quarter. First Trust Advisors LP now owns 43,147 shares of the business services provider’s stock valued at $2,891,000 after purchasing an additional 33,125 shares in the last quarter. Finally, Geode Capital Management LLC grew its stake in Brink’s Company (The) by 4.8% during the 1st quarter. Geode Capital Management LLC now owns 347,111 shares of the business services provider’s stock valued at $18,553,000 after purchasing an additional 15,803 shares in the last quarter. Institutional investors and hedge funds own 89.74% of the company’s stock.

Brink’s Company (The) Company Profile

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.

To view ValuEngine’s full report, visit ValuEngine’s official website.

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