Zacks Investment Research upgraded shares of Brink’s Co. (NYSE:BCO) from a hold rating to a strong-buy rating in a research note issued to investors on Wednesday morning. They currently have $42.00 price objective 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 research analysts have also issued reports on the stock. Macquarie increased their target price on shares of Brink’s from $33.00 to $38.00 and gave the stock a neutral rating in a research note on Friday, September 16th. Imperial Capital raised shares of Brink’s from an in-line rating to an outperform rating and increased their target price for the stock from $31.50 to $38.00 in a research note on Wednesday, August 3rd.
Brink’s (NYSE:BCO) opened at 37.08 on Wednesday. Brink’s has a 12 month low of $25.87 and a 12 month high of $37.92. The stock has a market cap of $1.84 billion, a price-to-earnings ratio of 1951.58 and a beta of 1.54. The firm’s 50 day moving average price is $36.45 and its 200 day moving average price is $32.54.
Brink’s (NYSE:BCO) last posted its earnings results on Thursday, July 28th. The company reported $0.38 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.26 by $0.12. Brink’s had a net margin of 0.04% and a return on equity of 22.23%. The business had revenue of $739.50 million for the quarter, compared to analyst estimates of $699.03 million. During the same period in the prior year, the company posted $0.27 EPS. The company’s revenue for the quarter was down 2.7% on a year-over-year basis. On average, equities research analysts predict that Brink’s will post $2.00 EPS for the current fiscal year.
In other Brink’s news, insider Thomas Colan sold 935 shares of the 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 Securities & Exchange Commission, which is available at this hyperlink. Also, insider Amit Zukerman sold 10,518 shares of the stock in a transaction dated Wednesday, August 10th. The shares were sold at an average price of $36.69, for a total transaction of $385,905.42. The disclosure for this sale can be found here. Corporate insiders own 11.29% of the company’s stock.
A number of hedge funds have recently added to or reduced their stakes in the stock. FMR LLC increased its stake in Brink’s by 386.7% in the second quarter. FMR LLC now owns 813,180 shares of the company’s stock worth $23,167,000 after buying an additional 646,094 shares during the last quarter. Vanguard Group Inc. increased its stake in Brink’s by 15.1% in the second quarter. Vanguard Group Inc. now owns 4,374,216 shares of the company’s stock worth $124,623,000 after buying an additional 574,750 shares during the last quarter. Norges Bank acquired a new stake in Brink’s during the fourth quarter worth approximately $10,656,000. Tocqueville Asset Management L.P. increased its stake 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 worth $17,943,000 after buying an additional 359,070 shares during the last quarter. Finally, American Century Companies Inc. increased its stake in Brink’s by 68.5% in the second quarter. American Century Companies Inc. now owns 788,994 shares of the company’s stock worth $22,478,000 after buying an additional 320,796 shares during the last quarter. Institutional investors 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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