Brink’s (NYSE:BCO) Stock Gets Downgrade from Wall Street Zen

Brink’s (NYSE:BCO) was downgraded by investment analysts at Wall Street Zen from a “buy” rating to a “hold” rating in a research note issued on Saturday, Wall Street Zen reports.

Separately, Weiss Ratings downgraded Brink’s from a “hold (c+)” rating to a “hold (c)” rating in a research report on Thursday, October 8th. Two investment analysts have rated the stock with a Buy rating, one has given a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus target price of $154.00.

Brink’s Stock Performance

Shares of NYSE BCO opened at $110.44 on Friday. The company has a 50-day simple moving average of $106.34 and a 200-day simple moving average of $110.22. The company has a debt-to-equity ratio of 9.89, a current ratio of 1.55 and a quick ratio of 1.55. The company has a market cap of $4.55 billion, a PE ratio of 28.99 and a beta of 0.95. Brink’s has a 12 month low of $91.05 and a 12 month high of $136.37.

Brink’s (NYSE:BCO) last announced its quarterly earnings data on Wednesday, November 4th. The business services provider reported $2.46 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.21 by $0.25. Brink’s had a net margin of 2.88% and a return on equity of 91.46%. The business had revenue of $1.37 billion for the quarter, compared to the consensus estimate of $1.39 billion. During the same quarter in the prior year, the firm posted $2.08 earnings per share. The company’s quarterly revenue was up 3.0% compared to the same quarter last year. On average, equities analysts anticipate that Brink’s will post 8.99 earnings per share for the current year.

Hedge Funds Weigh In On Brink’s

A number of large investors have recently bought and sold shares of BCO. Russell Investments Group Ltd. boosted its position in Brink’s by 18.5% during the 3rd quarter. Russell Investments Group Ltd. now owns 31,123 shares of the business services provider’s stock worth $3,143,000 after purchasing an additional 4,850 shares during the period. King Luther Capital Management Corp raised its position in Brink’s by 10.7% in the third quarter. King Luther Capital Management Corp now owns 102,402 shares of the business services provider’s stock valued at $10,342,000 after purchasing an additional 9,871 shares during the period. Knights of Columbus Asset Advisors LLC raised its position in Brink’s by 0.5% in the third quarter. Knights of Columbus Asset Advisors LLC now owns 26,713 shares of the business services provider’s stock valued at $2,698,000 after purchasing an additional 125 shares during the period. Lido Advisors LLC purchased a new position in Brink’s in the third quarter valued at about $238,000. Finally, AlphaCore Capital LLC acquired a new position in shares of Brink’s during the third quarter worth about $325,000. Hedge funds and other institutional investors own 94.96% of the company’s stock.

About Brink’s

Brink’s is a global provider of secure transportation and cash-management services. Its offerings include armored transportation of cash and valuables, cash processing, ATM management and replenishment, and related services for financial institutions, retailers, businesses and government customers.

The company also provides international secure logistics for high-value goods, including services for businesses that need to move valuables across borders. Its operations span numerous countries and regions, serving customers through local teams and facilities.

Founded in Chicago in 1859, Brink’s developed from a local delivery business into a security and logistics company.