Brink’s (NYSE:BCO) was downgraded by Zacks Investment Research from a “hold” rating to a “sell” rating in a research note issued to investors on Wednesday.

According to Zacks, “The Brink’s Company is the global leader in total cash management, secure route-based logistics and payment solutions including cash-in-transit, ATM services, cash management services (including vault outsourcing, money processing and intelligent safe services), and international transportation of valuables. Their customers include financial institutions, retailers, government agencies, mints, jewelers and other commercial operations. Their global network of operations in 41 countries serves customers in more than 100 countries. “

BCO has been the subject of several other research reports. TheStreet upgraded shares of Brink’s from a “c+” rating to a “b-” rating in a research note on Tuesday, June 12th. ValuEngine upgraded shares of Brink’s from a “hold” rating to a “buy” rating in a research note on Monday, July 2nd. Buckingham Research increased their target price on shares of Brink’s from $100.00 to $110.00 and gave the company a “buy” rating in a research note on Thursday, May 31st. Finally, Berenberg Bank began coverage on shares of Brink’s in a research note on Wednesday, September 12th. They issued a “buy” rating and a $90.00 target price for the company. Two research analysts have rated the stock with a sell rating and six have given a buy rating to the company’s stock. Brink’s presently has a consensus rating of “Buy” and an average price target of $95.67.

NYSE BCO opened at $69.90 on Wednesday. The company has a debt-to-equity ratio of 4.63, a current ratio of 1.79 and a quick ratio of 1.79. Brink’s has a twelve month low of $67.57 and a twelve month high of $88.10. The stock has a market capitalization of $3.62 billion, a P/E ratio of 23.12, a P/E/G ratio of 1.07 and a beta of 1.73.

Brink’s (NYSE:BCO) last released its earnings results on Wednesday, July 25th. The business services provider reported $0.74 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.69 by $0.05. Brink’s had a negative net margin of 3.39% and a positive return on equity of 46.24%. The business had revenue of $850.00 million during the quarter, compared to analysts’ expectations of $795.75 million. During the same quarter last year, the company earned $0.64 earnings per share. The firm’s revenue was up 5.5% on a year-over-year basis. sell-side analysts anticipate that Brink’s will post 3.41 earnings per share for the current year.

In other Brink’s news, CFO Ronald James Domanico purchased 2,000 shares of the business’s stock in a transaction on Friday, September 7th. The stock was purchased at an average price of $69.45 per share, for a total transaction of $138,900.00. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Amit Zukerman sold 5,000 shares of the firm’s stock in a transaction dated Monday, August 6th. The stock was sold at an average price of $79.41, for a total transaction of $397,050.00. The disclosure for this sale can be found here. 2.48% of the stock is currently owned by company insiders.

Institutional investors and hedge funds have recently made changes to their positions in the business. Parallel Advisors LLC lifted its stake in Brink’s by 498.0% during the second quarter. Parallel Advisors LLC now owns 1,477 shares of the business services provider’s stock worth $117,000 after purchasing an additional 1,230 shares during the period. Mount Yale Investment Advisors LLC bought a new position in Brink’s during the first quarter worth about $132,000. Bronfman E.L. Rothschild L.P. lifted its stake in Brink’s by 52.7% during the second quarter. Bronfman E.L. Rothschild L.P. now owns 2,343 shares of the business services provider’s stock worth $187,000 after purchasing an additional 809 shares during the period. Fortaleza Asset Management Inc. bought a new position in Brink’s during the second quarter worth about $192,000. Finally, World Asset Management Inc bought a new position in Brink’s during the second quarter worth about $200,000. Hedge funds and other institutional investors own 98.32% of the company’s stock.

About Brink’s

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

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Analyst Recommendations for Brink`s (NYSE:BCO)

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