Brink's (NYSE:BCO) was upgraded by equities researchers at Gabelli from a “hold” rating to a “buy” rating in a research report issued to clients and investors on Thursday, February 8th, Marketbeat Ratings reports.
BCO has been the subject of a number of other reports. Zacks Investment Research downgraded Brink's from a “buy” rating to a “hold” rating in a research note on Friday, January 19th. Imperial Capital restated an “outperform” rating and issued a $100.00 price target (up previously from $86.00) on shares of Brink's in a report on Thursday, January 18th. Sidoti upgraded Brink's from a “neutral” rating to a “buy” rating in a report on Thursday, January 11th. ValuEngine cut Brink's from a “buy” rating to a “hold” rating in a report on Friday, December 1st. Finally, SunTrust Banks reissued a “buy” rating and set a $98.00 price target on shares of Brink's in a research note on Wednesday, October 18th. One analyst has rated the stock with a hold rating and five have assigned a buy rating to the stock. Brink's has a consensus rating of “Buy” and a consensus price target of $93.50.
Brink's (NYSE BCO) traded up $1.75 on Thursday, reaching $75.65. The company had a trading volume of 469,841 shares, compared to its average volume of 503,181. The firm has a market cap of $3,819.04, a PE ratio of 244.03, a price-to-earnings-growth ratio of 0.98 and a beta of 1.71. Brink's has a 1 year low of $47.30 and a 1 year high of $88.10. The company has a debt-to-equity ratio of 3.66, a current ratio of 1.89 and a quick ratio of 1.21.
Brink's (NYSE:BCO) last released its quarterly earnings data on Wednesday, February 7th. The business services provider reported $0.95 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ 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 analyst estimates of $851.35 million. During the same period in the prior year, the company posted $0.87 earnings per share. The company’s revenue was up 12.3% compared to the same quarter last year. equities research analysts anticipate that Brink's will post 3.76 EPS for the current year.
In other Brink's news, Director George I. Stoeckert bought 1,000 shares of the stock in a transaction dated Friday, December 8th. The stock was bought at an average cost of $80.40 per share, for a total transaction of $80,400.00. Following the completion of the purchase, the director now directly owns 12,014 shares of the company’s stock, valued at $965,925.60. The acquisition was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, CFO Ronald James Domanico bought 3,500 shares of the stock in a transaction dated Thursday, February 8th. The shares were acquired at an average price of $72.18 per share, with a total value of $252,630.00. The disclosure for this purchase can be found here. Insiders acquired 21,200 shares of company stock worth $1,579,655 over the last three months. 10.40% of the stock is currently owned by corporate insiders.
A number of large investors have recently bought and sold shares of BCO. BlackRock Inc. boosted its stake in Brink's by 3.3% in the fourth quarter. BlackRock Inc. now owns 5,669,576 shares of the business services provider’s stock valued at $446,196,000 after acquiring an additional 182,730 shares during the period. American Century Companies Inc. raised its holdings in shares of Brink's by 4.5% during the third quarter. American Century Companies Inc. now owns 1,178,614 shares of the business services provider’s stock valued at $99,298,000 after buying an additional 51,181 shares during the last quarter. State Street Corp raised its holdings in shares of Brink's by 1.0% during the second quarter. State Street Corp now owns 1,144,733 shares of the business services provider’s stock valued at $76,699,000 after buying an additional 10,783 shares during the last quarter. Thrivent Financial For Lutherans raised its holdings in shares of Brink's by 7.3% during the fourth quarter. Thrivent Financial For Lutherans now owns 836,321 shares of the business services provider’s stock valued at $65,818,000 after buying an additional 56,986 shares during the last quarter. Finally, Vaughan Nelson Investment Management L.P. raised its holdings in shares of Brink's by 25.6% during the fourth quarter. Vaughan Nelson Investment Management L.P. now owns 777,025 shares of the business services provider’s stock valued at $61,152,000 after buying an additional 158,175 shares during the last quarter. Institutional investors and hedge funds own 88.13% of the company’s stock.
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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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