Brink's Company (NYSE:BCO) has been assigned an average recommendation of “Buy” from the eight ratings firms that are covering the firm, Marketbeat.com reports. Two analysts have rated the stock with a hold rating, five have given a buy rating and one has issued a strong buy rating on the company. The average 12 month price target among analysts that have covered the stock in the last year is $93.67.
Several analysts have weighed in on BCO shares. Zacks Investment Research lowered Brink's from a “strong-buy” rating to a “hold” rating in a report on Monday, September 18th. ValuEngine raised Brink's from a “hold” rating to a “buy” rating in a report on Friday, September 1st. Imperial Capital upped their target price on Brink's from $65.00 to $72.00 and gave the company an “outperform” rating in a report on Monday, July 17th. SunTrust Banks, Inc. reissued a “buy” rating and issued a $98.00 target price on shares of Brink's in a report on Wednesday, October 18th. Finally, Sidoti started coverage on Brink's in a report on Friday, October 20th. They issued a “buy” rating on the stock.
In other news, CAO Mcalister C. Marshall II sold 4,848 shares of the company’s stock in a transaction on Thursday, August 3rd. The stock was sold at an average price of $77.67, for a total value of $376,544.16. The sale was disclosed in a filing with the SEC, which is available through this link. Also, CEO Douglas A. Pertz acquired 1,280 shares of Brink's stock in a transaction dated Thursday, October 26th. The stock was bought at an average price of $78.00 per share, for a total transaction of $99,840.00. The disclosure for this purchase can be found here. Insiders sold 501,415 shares of company stock worth $38,681,954 in the last three months. 10.40% of the stock is owned by corporate insiders.
Large investors have recently modified their holdings of the company. Tower Research Capital LLC TRC lifted its position in shares of Brink's by 285.0% in the second quarter. Tower Research Capital LLC TRC now owns 1,540 shares of the business services provider’s stock valued at $103,000 after acquiring an additional 1,140 shares in the last quarter. Daiwa Securities Group Inc. purchased a new stake in shares of Brink's in the second quarter valued at $114,000. Meeder Asset Management Inc. purchased a new stake in shares of Brink's in the third quarter valued at $128,000. Seven Eight Capital LP purchased a new stake in shares of Brink's in the second quarter valued at $154,000. Finally, Zurcher Kantonalbank Zurich Cantonalbank lifted its position in shares of Brink's by 93.6% in the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 2,313 shares of the business services provider’s stock valued at $155,000 after acquiring an additional 1,118 shares in the last quarter. Institutional investors and hedge funds own 90.07% of the company’s stock.
Shares of Brink's (NYSE BCO) traded up 1.79% on Wednesday, hitting $79.50. The stock had a trading volume of 879,017 shares. The firm has a 50 day moving average of $82.92 and a 200 day moving average of $71.70. Brink's has a 12 month low of $38.48 and a 12 month high of $87.30. The stock has a market cap of $4.01 billion, a P/E ratio of 47.32 and a beta of 1.70.
Brink's (NYSE:BCO) last posted its earnings results on Wednesday, October 25th. The business services provider reported $0.83 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.75 by $0.08. The company had revenue of $849.50 million for the quarter, compared to analyst estimates of $841.57 million. Brink's had a return on equity of 18.11% and a net margin of 2.48%. Brink's’s revenue was up 12.4% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.64 earnings per share. On average, equities analysts forecast that Brink's will post $3.03 earnings per share for the current fiscal year.
The company also recently announced a quarterly dividend, which will be paid on Friday, December 1st. Shareholders of record on Monday, November 13th will be issued a $0.15 dividend. This represents a $0.60 annualized dividend and a yield of 0.75%. The ex-dividend date is Friday, November 10th. Brink's’s dividend payout ratio (DPR) is 37.97%.
Brink's 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.
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