Zacks Investment Research upgraded shares of Brink’s Co. (NYSE:BCO) from a hold rating to a strong-buy rating in a research note released on Wednesday. Zacks Investment Research currently has $42.00 target price on the stock.
According to Zacks, “The Brink’s Company is a global leader in business and security services. Their three main businesses are Brink’s, Incorporated, the world’s premier provider of secure transportation and cash management services; Brink’s Home Security, one of the largest and most successful residential alarm companies in North America; and BAX Global, an industry leader in global supply chain management. “
Several other equities analysts have also weighed in on BCO. Imperial Capital reissued an in-line rating and issued a $31.50 price objective on shares of Brink’s in a research report on Friday, July 15th. Macquarie increased their price objective on shares of Brink’s from $33.00 to $38.00 and gave the company a neutral rating in a research report on Friday, September 16th.
Brink’s (NYSE:BCO) opened at 37.44 on Wednesday. The company has a market capitalization of $1.85 billion, a P/E ratio of 1970.53 and a beta of 1.54. Brink’s has a one year low of $25.87 and a one year high of $37.92. The company’s 50-day moving average is $36.46 and its 200 day moving average is $32.60.
Brink’s (NYSE:BCO) last issued its quarterly earnings data on Thursday, July 28th. The company reported $0.38 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.26 by $0.12. The company had revenue of $739.50 million for the quarter, compared to analyst estimates of $699.03 million. Brink’s had a net margin of 0.04% and a return on equity of 22.23%. The company’s revenue was down 2.7% on a year-over-year basis. During the same period in the prior year, the firm earned $0.27 earnings per share. Analysts predict that Brink’s will post $2.00 EPS for the current year.
In related news, insider Thomas Colan sold 935 shares of the company’s stock in a transaction dated Thursday, August 25th. The shares were sold at an average price of $37.70, for a total value of $35,249.50. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, CFO Ronald James Domanico purchased 16,744 shares of the firm’s stock in a transaction that occurred on Thursday, July 14th. The stock was acquired at an average price of $29.86 per share, for a total transaction of $499,975.84. Following the completion of the purchase, the chief financial officer now directly owns 16,744 shares of the company’s stock, valued at approximately $499,975.84. The disclosure for this purchase can be found here. 11.29% of the stock is currently owned by corporate insiders.
Several institutional investors have recently added to or reduced their stakes in the stock. FMR LLC increased its position in Brink’s by 386.7% in the second quarter. FMR LLC now owns 813,180 shares of the company’s stock valued at $23,167,000 after buying an additional 646,094 shares during the period. Vanguard Group Inc. increased its position in Brink’s by 15.1% in the second quarter. Vanguard Group Inc. now owns 4,374,216 shares of the company’s stock valued at $124,623,000 after buying an additional 574,750 shares during the period. Norges Bank acquired a new position in Brink’s during the fourth quarter valued at approximately $10,656,000. Tocqueville Asset Management L.P. increased its position in Brink’s by 132.6% in the second quarter. Tocqueville Asset Management L.P. now owns 629,807 shares of the company’s stock valued at $17,943,000 after buying an additional 359,070 shares during the period. Finally, American Century Companies Inc. increased its position in Brink’s by 68.5% in the second quarter. American Century Companies Inc. now owns 788,994 shares of the company’s stock valued at $22,478,000 after buying an additional 320,796 shares during the period. Institutional investors and hedge funds own 93.07% of the company’s stock.
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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