Brink’s (BCO) Downgraded by ValuEngine to Hold
ValuEngine cut shares of Brink’s (NYSE:BCO) from a buy rating to a hold rating in a report released on Friday morning.
Several other research analysts also recently weighed in on BCO. Imperial Capital raised Brink’s from an in-line rating to an outperform rating and upped their target price for the stock from $72.00 to $86.00 in a research note on Wednesday, August 9th. Zacks Investment Research downgraded Brink’s from a strong-buy rating to a hold rating in a research note on Monday, September 18th. SunTrust Banks reaffirmed a buy rating and set a $98.00 target price on shares of Brink’s in a research note on Wednesday, October 18th. Finally, Sidoti started coverage on Brink’s in a research note on Friday, October 20th. They set a buy rating for the company. One investment analyst has rated the stock with a hold rating, four have assigned a buy rating and one has given a strong buy rating to the company’s stock. The company has a consensus rating of Buy and a consensus price target of $93.67.
Brink’s (BCO) traded down $1.00 during trading on Friday, reaching $79.85. The company’s stock had a trading volume of 474,947 shares, compared to its average volume of 425,196. The company has a current ratio of 1.21, a quick ratio of 1.21 and a debt-to-equity ratio of 1.20. Brink’s has a 1-year low of $38.48 and a 1-year high of $87.30. The stock has a market cap of $4,081.58, a price-to-earnings ratio of 27.78 and a beta of 1.71.
Brink’s (NYSE:BCO) last released its quarterly earnings data on Wednesday, October 25th. The business services provider reported $0.83 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.75 by $0.08. Brink’s had a return on equity of 35.15% and a net margin of 2.51%. The business had revenue of $849.50 million for the quarter, compared to analyst estimates of $841.57 million. During the same quarter in the prior year, the firm posted $0.64 EPS. The business’s quarterly revenue was up 12.4% compared to the same quarter last year. sell-side analysts forecast that Brink’s will post 3.05 earnings per share for the current fiscal year.
The firm also recently announced a quarterly dividend, which was paid on Friday, December 1st. Stockholders of record on Monday, November 13th were paid a dividend of $0.15 per share. This represents a $0.60 annualized dividend and a dividend yield of 0.75%. The ex-dividend date was Friday, November 10th. Brink’s’s payout ratio is 37.97%.
In other news, insider Douglas A. Pertz acquired 6,570 shares of Brink’s stock in a transaction that occurred on Thursday, November 2nd. The stock was purchased at an average cost of $76.18 per share, with a total value of $500,502.60. The purchase was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, CFO Ronald James Domanico acquired 3,000 shares of Brink’s stock in a transaction that occurred on Thursday, October 26th. The stock was purchased at an average cost of $77.49 per share, with a total value of $232,470.00. The disclosure for this purchase can be found here. Over the last ninety days, insiders have bought 15,150 shares of company stock valued at $1,163,463. Corporate insiders own 10.40% of the company’s stock.
Hedge funds and other institutional investors have recently bought and sold shares of the stock. Prudential Financial Inc. raised its stake in Brink’s by 22.5% in the 2nd quarter. Prudential Financial Inc. now owns 448,200 shares of the business services provider’s stock valued at $30,029,000 after purchasing an additional 82,220 shares during the last quarter. AHL Partners LLP acquired a new position in Brink’s in the 2nd quarter valued at $919,000. First Trust Advisors LP raised its stake in Brink’s by 330.5% in 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 during the last quarter. Alps Advisors Inc. acquired a new position in Brink’s in the 2nd quarter valued at $310,000. Finally, State Treasurer State of Michigan acquired a new position in Brink’s in the 3rd quarter valued at $1,601,000. 90.53% of the stock is owned by hedge funds and other institutional investors.
COPYRIGHT VIOLATION WARNING: “Brink’s (BCO) Downgraded by ValuEngine to Hold” was first posted by Watch List News and is the property of of Watch List News. If you are accessing this story on another publication, it was illegally copied and reposted in violation of US and international trademark & copyright law. The legal version of this story can be read at https://www.watchlistnews.com/brinks-bco-downgraded-by-valuengine-to-hold/1739882.html.
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.
Receive News & Ratings for Brink's Company (The) Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Brink's Company (The) and related companies with Analyst Ratings Network's FREE daily email newsletter.