Buckingham Research Initiates Coverage on Brink's (BCO)

Research analysts at Buckingham Research assumed coverage on shares of Brink's (NYSE:BCO) in a research note issued to investors on Monday. The firm set a “buy” rating on the business services provider’s stock.

Several other analysts have also recently commented on the company. Zacks Investment Research cut Brink's from a “buy” rating to a “hold” rating in a research report on Wednesday, March 14th. Gabelli raised Brink's from a “hold” rating to a “buy” rating in a research report on Thursday, February 8th. Imperial Capital reaffirmed an “outperform” rating and issued a $100.00 target price (up previously from $86.00) on shares of Brink's in a research report on Thursday, January 18th. Sidoti raised Brink's from a “neutral” rating to a “buy” rating in a research report on Thursday, January 11th. Finally, ValuEngine cut Brink's from a “buy” rating to a “hold” rating in a research report on Friday, December 1st. Two research analysts have rated the stock with a hold rating and five have given a buy rating to the company’s stock. Brink's has a consensus rating of “Buy” and a consensus price target of $93.50.

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Shares of Brink's (BCO) traded up $2.45 during trading on Monday, hitting $71.30. The stock had a trading volume of 532,572 shares, compared to its average volume of 458,406. The firm has a market capitalization of $3,482.12, a PE ratio of 230.00, a PEG ratio of 0.88 and a beta of 1.77. The company has a current ratio of 1.78, a quick ratio of 1.78 and a debt-to-equity ratio of 3.37. Brink's has a 1-year low of $47.30 and a 1-year high of $88.10.

Brink's (NYSE:BCO) last issued its earnings results on Wednesday, February 7th. The business services provider reported $0.95 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.96 by ($0.01). The business had revenue of $903.00 million during the quarter, compared to analyst estimates of $851.35 million. Brink's had a return on equity of 36.76% and a net margin of 0.50%. The business’s quarterly revenue was up 12.3% on a year-over-year basis. During the same period last year, the business earned $0.87 EPS. research analysts anticipate that Brink's will post 3.79 earnings per share for the current fiscal year.

In related news, CEO Douglas A. Pertz purchased 10,000 shares of Brink's stock in a transaction on Thursday, February 8th. The stock was bought at an average price of $72.91 per share, with a total value of $729,100.00. 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 2,000 shares of Brink's stock in a transaction on Wednesday, February 14th. The stock was bought at an average cost of $74.15 per share, with a total value of $148,300.00. Following the transaction, the director now directly owns 17,714 shares of the company’s stock, valued at $1,313,493.10. The disclosure for this purchase can be found here. In the last three months, insiders have purchased 17,500 shares of company stock valued at $1,281,770. Insiders own 2.48% of the company’s stock.

Several large investors have recently made changes to their positions in the business. BlackRock Inc. lifted its position in shares of Brink's by 3.3% in the fourth quarter. BlackRock Inc. now owns 5,669,576 shares of the business services provider’s stock worth $446,196,000 after buying an additional 182,730 shares during the last quarter. Thrivent Financial For Lutherans lifted its position in shares of Brink's by 7.3% in the fourth quarter. Thrivent Financial For Lutherans now owns 836,321 shares of the business services provider’s stock worth $65,818,000 after buying an additional 56,986 shares during the last quarter. Vaughan Nelson Investment Management L.P. lifted its position in shares of Brink's by 25.6% in the fourth quarter. Vaughan Nelson Investment Management L.P. now owns 777,025 shares of the business services provider’s stock worth $61,152,000 after buying an additional 158,175 shares during the last quarter. Bank of New York Mellon Corp lifted its position in shares of Brink's by 3.0% in the third quarter. Bank of New York Mellon Corp now owns 636,014 shares of the business services provider’s stock worth $53,584,000 after buying an additional 18,328 shares during the last quarter. Finally, Foundation Asset Management LP lifted its position in shares of Brink's by 1.3% in the fourth quarter. Foundation Asset Management LP now owns 546,755 shares of the business services provider’s stock worth $43,030,000 after buying an additional 6,931 shares during the last quarter. 93.07% of the stock is owned by institutional investors.

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About Brink's

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.

Analyst Recommendations for Brink's (NYSE:BCO)

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