Zacks Investment Research upgraded shares of Brink’s (NYSE:BCO) from a sell rating to a hold rating in a research note released on Thursday morning.

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 reports. Berenberg Bank assumed coverage on Brink’s in a report on Wednesday, September 12th. They set a buy rating and a $90.00 price target for the company. SunTrust Banks reduced their price target on Brink’s to $90.00 and set a buy rating for the company in a report on Monday, October 15th. Finally, ValuEngine upgraded Brink’s from a sell rating to a hold rating in a report on Saturday, October 27th. Two research analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. The stock currently has a consensus rating of Buy and an average price target of $94.40.

BCO stock traded up $0.38 during midday trading on Thursday, reaching $69.68. 289,161 shares of the company’s stock traded hands, compared to its average volume of 329,295. The company has a current ratio of 1.53, a quick ratio of 1.53 and a debt-to-equity ratio of 5.89. The firm has a market capitalization of $3.49 billion, a PE ratio of 23.00, a price-to-earnings-growth ratio of 1.04 and a beta of 1.51. Brink’s has a 52 week low of $59.08 and a 52 week high of $88.10.

Brink’s (NYSE:BCO) last posted its quarterly earnings data on Wednesday, October 24th. The business services provider reported $0.91 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.80 by $0.11. Brink’s had a negative net margin of 3.46% and a positive return on equity of 56.86%. The company had revenue of $852.00 million for the quarter, compared to analysts’ expectations of $843.96 million. Brink’s’s revenue for the quarter was up .3% compared to the same quarter last year. During the same period in the prior year, the business earned $0.83 earnings per share. On average, equities analysts predict that Brink’s will post 3.32 earnings per share for the current fiscal year.

Several hedge funds have recently bought and sold shares of the company. Marshall Wace LLP purchased a new position in shares of Brink’s during the 3rd quarter valued at about $20,869,000. Legal & General Group Plc lifted its position in shares of Brink’s by 1.6% during the 3rd quarter. Legal & General Group Plc now owns 60,162 shares of the business services provider’s stock valued at $4,197,000 after buying an additional 939 shares in the last quarter. Teachers Advisors LLC lifted its position in shares of Brink’s by 3.6% during the 3rd quarter. Teachers Advisors LLC now owns 373,581 shares of the business services provider’s stock valued at $26,057,000 after buying an additional 13,012 shares in the last quarter. MetLife Investment Advisors LLC lifted its position in shares of Brink’s by 18.7% during the 3rd quarter. MetLife Investment Advisors LLC now owns 65,125 shares of the business services provider’s stock valued at $4,542,000 after buying an additional 10,249 shares in the last quarter. Finally, Putnam Investments LLC purchased a new position in shares of Brink’s during the 3rd quarter valued at about $1,199,000. 98.31% of the stock is currently owned by hedge funds and other institutional investors.

Brink’s Company Profile

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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