Brink’s (NYSE:BCO) Downgraded by Zacks Research to “Strong Sell”

Brink’s (NYSE:BCO) was downgraded by research analysts at Zacks Research from a “hold” rating to a “strong sell” rating in a research note issued on Thursday, Zacks reports.

Other equities analysts also recently issued reports about the company. Wall Street Zen downgraded Brink’s from a “buy” rating to a “hold” rating in a report on Saturday. Weiss Ratings downgraded Brink’s from a “hold (c+)” rating to a “hold (c)” rating in a research report on Thursday, October 8th. Two equities research analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus price target of $154.00.

Brink’s Trading Up 0.4%

BCO opened at $110.44 on Thursday. Brink’s has a one year low of $91.05 and a one year high of $136.37. The company has a debt-to-equity ratio of 8.80, a quick ratio of 1.62 and a current ratio of 1.62. The stock has a market cap of $4.55 billion, a price-to-earnings ratio of 28.99 and a beta of 0.95. The stock’s 50 day moving average price is $106.34 and its 200-day moving average price is $110.22.

Brink’s (NYSE:BCO) last issued its earnings results on Wednesday, November 4th. The business services provider reported $2.46 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.21 by $0.25. The business had revenue of $1.37 billion during the quarter, compared to the consensus estimate of $1.39 billion. Brink’s had a return on equity of 87.18% and a net margin of 3.30%. The company’s revenue for the quarter was up 3.0% on a year-over-year basis. During the same period in the prior year, the business posted $2.08 EPS. On average, equities analysts forecast that Brink’s will post 8.99 EPS for the current year.

Institutional Investors Weigh In On Brink’s

A number of large investors have recently made changes to their positions in BCO. NFSG Corp bought a new position in Brink’s in the 1st quarter valued at $32,000. Public Employees Retirement System of Ohio purchased a new position in shares of Brink’s during the second quarter valued at $75,000. Rockefeller Capital Management L.P. lifted its stake in Brink’s by 29.6% during the fourth quarter. Rockefeller Capital Management L.P. now owns 950 shares of the business services provider’s stock worth $111,000 after purchasing an additional 217 shares during the period. Nykredit A S acquired a new stake in Brink’s in the 2nd quarter valued at approximately $111,000. Finally, Valley National Advisers Inc. bought a new position in Brink’s in the 3rd quarter valued at approximately $126,000. 94.96% of the stock is currently owned by institutional investors.

About Brink’s

Brink’s Company (NYSE: BCO) is a global provider of security and logistics services. The company helps businesses, financial institutions, retailers, governments and other organizations protect, transport and manage cash, valuables and other high-value assets.

Its services include secure transportation, cash-in-transit operations, ATM replenishment and servicing, cash processing, vaulting, cash management and related payment services. Brink’s also provides international logistics for precious metals, jewelry, gemstones, artwork and other valuables through its Brink’s Global Services business.

Founded in 1859, Brink’s serves customers across North America, Latin America, Europe, the Middle East, Africa and the Asia-Pacific region through a worldwide network of employees, vehicles and facilities.