Brink’s Co. (NYSE:BCO) has received a consensus broker rating score of 1.00 (Strong Buy) from the two brokers that provide coverage for the stock, Zacks Investment Research reports. Two research analysts have rated the stock with a strong buy recommendation. Brink’s’ rating score has improved by 40.1% from 90 days ago as a result of various analysts’ ratings changes.
Brokers have set a twelve-month consensus target price of $38.00 for the company and are anticipating that the company will post $0.63 earnings per share for the current quarter, according to Zacks. Zacks has also given Brink’s an industry rank of 169 out of 265 based on the ratings given to related companies.
Several analysts have recently weighed in on the company. Zacks Investment Research cut Brink’s from a “hold” rating to a “sell” rating in a report on Tuesday, July 5th. Imperial Capital upgraded Brink’s from an “in-line” rating to an “outperform” rating and boosted their price target for the stock from $31.50 to $38.00 in a report on Wednesday, August 3rd. Finally, Macquarie boosted their price target on Brink’s from $33.00 to $38.00 and gave the stock a “neutral” rating in a report on Friday, September 16th.
Shares of Brink’s (NYSE:BCO) opened at 36.98 on Wednesday. Brink’s has a 1-year low of $25.87 and a 1-year high of $38.16. The company has a market capitalization of $1.83 billion, a PE ratio of 1946.32 and a beta of 1.54. The company’s 50-day moving average price is $36.47 and its 200-day moving average price is $32.74.
Brink’s (NYSE:BCO) last released its quarterly earnings results on Thursday, July 28th. The company reported $0.38 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.26 by $0.12. The company had revenue of $739.50 million for the quarter, compared to analysts’ expectations of $699.03 million. Brink’s had a return on equity of 22.23% and a net margin of 0.04%. The business’s quarterly revenue was down 2.7% compared to the same quarter last year. During the same period in the previous year, the business posted $0.27 earnings per share. On average, equities analysts expect that Brink’s will post $2.00 earnings per share for the current fiscal year.
In other news, insider Amit Zukerman sold 10,518 shares of the business’s stock in a transaction dated Wednesday, August 10th. The stock was sold at an average price of $36.69, for a total transaction of $385,905.42. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, insider Thomas Colan sold 935 shares of the business’s stock in a transaction dated Thursday, August 25th. The stock was sold at an average price of $37.70, for a total value of $35,249.50. The disclosure for this sale can be found here. Insiders own 11.29% of the company’s stock.
Several hedge funds have recently added to or reduced their stakes in BCO. Martingale Asset Management L P raised its position in Brink’s by 1.1% in the second quarter. Martingale Asset Management L P now owns 9,219 shares of the company’s stock worth $263,000 after buying an additional 100 shares in the last quarter. Public Employees Retirement System of Ohio raised its position in Brink’s by 3.2% in the second quarter. Public Employees Retirement System of Ohio now owns 6,257 shares of the company’s stock worth $178,000 after buying an additional 193 shares in the last quarter. Louisiana State Employees Retirement System raised its position in Brink’s by 0.9% in the second quarter. Louisiana State Employees Retirement System now owns 21,800 shares of the company’s stock worth $621,000 after buying an additional 200 shares in the last quarter. PineBridge Investments L.P. raised its position in Brink’s by 4.7% in the second quarter. PineBridge Investments L.P. now owns 6,256 shares of the company’s stock worth $178,000 after buying an additional 283 shares in the last quarter. Finally, Capstone Asset Management Co. raised its position in Brink’s by 2.5% in the second quarter. Capstone Asset Management Co. now owns 14,889 shares of the company’s stock worth $424,000 after buying an additional 370 shares in the last quarter. Institutional investors own 93.07% of the company’s stock.
Brink’s Company Profile
The Brink’s Company (Brink’s) is a provider of logistics and security solutions. The Company’s solutions include cash-in-transit, automated teller machine (ATM) replenishment and maintenance, international transportation of valuables, cash management and payment services, to financial institutions, retailers, government agencies (including central banks), mints, jewelers and other commercial operations around the world.
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