Brink’s (BCO) Given Average Rating of “Buy” by Analysts

Shares of Brink’s (NYSE:BCO) have been assigned a consensus rating of “Buy” from the seven analysts that are currently covering the firm, MarketBeat reports. One research analyst has rated the stock with a hold rating and six have issued a buy rating on the company. The average 1 year price target among analysts that have issued ratings on the stock in the last year is $99.33.

Several analysts have recently weighed in on BCO shares. Zacks Investment Research lowered Brink’s from a “buy” rating to a “hold” rating in a report on Friday, January 19th. Imperial Capital restated an “outperform” rating and issued a $100.00 price objective (up previously from $86.00) on shares of Brink’s in a report on Thursday, January 18th. Sidoti restated a “neutral” rating and issued a $94.00 price objective on shares of Brink’s in a report on Friday, December 15th. Gabelli upgraded Brink’s from a “hold” rating to a “buy” rating in a report on Thursday, February 8th. Finally, ValuEngine upgraded Brink’s from a “hold” rating to a “buy” rating in a report on Friday.

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In related news, Director George I. Stoeckert bought 2,000 shares of Brink’s stock in a transaction dated Monday, February 12th. The stock was acquired at an average cost of $75.87 per share, with a total value of $151,740.00. Following the completion of the acquisition, the director now directly owns 15,714 shares in the company, valued at approximately $1,192,221.18. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CFO Ronald James Domanico bought 3,500 shares of Brink’s stock in a transaction dated Thursday, February 8th. The shares were bought at an average cost of $72.18 per share, with a total value of $252,630.00. The disclosure for this purchase can be found here. In the last 90 days, insiders bought 17,500 shares of company stock valued at $1,281,770. Insiders own 2.48% of the company’s stock.

Hedge funds and other institutional investors have recently made changes to their positions in the company. JPMorgan Chase & Co. lifted its holdings in shares of Brink’s by 101.1% during the third quarter. JPMorgan Chase & Co. now owns 224,285 shares of the business services provider’s stock valued at $18,582,000 after purchasing an additional 112,757 shares during the last quarter. Cambria Investment Management L.P. purchased a new stake in shares of Brink’s during the third quarter valued at $277,000. UBS Asset Management Americas Inc. lifted its holdings in shares of Brink’s by 5.1% during the fourth quarter. UBS Asset Management Americas Inc. now owns 35,327 shares of the business services provider’s stock valued at $2,780,000 after purchasing an additional 1,714 shares during the last quarter. Crossmark Global Holdings Inc. lifted its holdings in shares of Brink’s by 73.3% during the fourth quarter. Crossmark Global Holdings Inc. now owns 6,618 shares of the business services provider’s stock valued at $521,000 after purchasing an additional 2,799 shares during the last quarter. Finally, Oppenheimer Asset Management Inc. lifted its holdings in shares of Brink’s by 434.2% during the third quarter. Oppenheimer Asset Management Inc. now owns 4,931 shares of the business services provider’s stock valued at $415,000 after purchasing an additional 4,008 shares during the last quarter. 93.07% of the stock is owned by institutional investors and hedge funds.

BCO stock traded down $1.35 during trading on Friday, reaching $73.60. 452,619 shares of the company’s stock were exchanged, compared to its average volume of 456,618. The company has a debt-to-equity ratio of 3.37, a quick ratio of 1.78 and a current ratio of 1.78. Brink’s has a 1-year low of $53.15 and a 1-year high of $88.10. The firm has a market capitalization of $3,747.64, a PE ratio of 24.29, a price-to-earnings-growth ratio of 0.94 and a beta of 1.76.

Brink’s (NYSE:BCO) last announced its quarterly earnings results on Wednesday, February 7th. The business services provider reported $0.95 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.96 by ($0.01). Brink’s had a return on equity of 36.76% and a net margin of 0.50%. The business had revenue of $903.00 million for the quarter, compared to analyst estimates of $851.35 million. During the same quarter last year, the firm posted $0.87 EPS. The company’s revenue was up 12.3% compared to the same quarter last year. equities research analysts predict that Brink’s will post 3.81 earnings per share for the current fiscal year.

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About Brink’s

The Brink's Company provides secure transportation, cash management, and other security-related services worldwide. The company offers cash-in-transit services, including armored vehicle transportation of valuables; automated teller machine (ATM) services, such as cash replenishment, replenishment forecasting, cash optimization, ATM remote monitoring, service call dispatching, transaction processing, installation, and first and second line maintenance; and network infrastructure services.

Analyst Recommendations for Brink`s (NYSE:BCO)

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