Somewhat Positive News Coverage Somewhat Unlikely to Affect Brink's (BCO) Stock Price
Media headlines about Brink's (NYSE:BCO) have been trending somewhat positive this week, according to Accern Sentiment Analysis. The research firm identifies positive and negative media coverage by reviewing more than 20 million blog and news sources in real time. Accern ranks coverage of companies on a scale of -1 to 1, with scores nearest to one being the most favorable. Brink's earned a daily sentiment score of 0.14 on Accern’s scale. Accern also gave news headlines about the business services provider an impact score of 45.4758142779463 out of 100, indicating that recent media coverage is somewhat unlikely to have an effect on the stock’s share price in the next several days.
A number of research analysts have issued reports on BCO shares. SunTrust Banks reiterated a “buy” rating and set a $98.00 price objective on shares of Brink's in a research note on Wednesday, October 18th. Sidoti reiterated a “neutral” rating and set a $94.00 price objective on shares of Brink's in a research note on Friday, December 15th. Zacks Investment Research cut Brink's from a “buy” rating to a “hold” rating in a research note on Wednesday, December 27th. Finally, ValuEngine cut Brink's from a “buy” rating to a “hold” rating in a research note on Monday, October 2nd. Three investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. The stock currently has an average rating of “Hold” and an average price target of $93.75.
Shares of Brink's (NYSE BCO) traded down $0.55 during trading hours on Tuesday, reaching $79.90. The company’s stock had a trading volume of 212,413 shares, compared to its average volume of 258,083. The stock has a market capitalization of $4,030.00, a PE ratio of 49.32 and a beta of 1.71. Brink's has a 1-year low of $41.35 and a 1-year high of $87.30. The company has a quick ratio of 1.21, a current ratio of 1.21 and a debt-to-equity ratio of 1.20.
Brink's (NYSE:BCO) last announced its quarterly earnings data on Wednesday, October 25th. The business services provider reported $0.83 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.75 by $0.08. The business had revenue of $849.50 million during the quarter, compared to analysts’ expectations of $841.57 million. Brink's had a return on equity of 35.15% and a net margin of 2.51%. The firm’s quarterly revenue was up 12.4% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.64 earnings per share. sell-side analysts predict that Brink's will post 3.05 EPS for the current fiscal year.
In other Brink's news, CEO Douglas A. Pertz purchased 1,280 shares of the firm’s stock in a transaction dated Thursday, October 26th. The stock was purchased at an average price of $78.00 per share, for a total transaction of $99,840.00. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director George I. Stoeckert purchased 2,700 shares of the firm’s stock in a transaction dated Tuesday, December 12th. The stock was acquired at an average price of $80.55 per share, with a total value of $217,485.00. Following the purchase, the director now directly owns 12,014 shares of the company’s stock, valued at $967,727.70. The disclosure for this purchase can be found here. Insiders have acquired 18,850 shares of company stock valued at $1,461,348 in the last quarter. 10.40% of the stock is owned by company insiders.
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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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