Brink’s (NYSE:BCO) was upgraded by research analysts at ValuEngine from a “hold” rating to a “buy” rating in a note issued to investors on Friday.
A number of other analysts have also commented on BCO. Buckingham Research assumed coverage on shares of Brink’s in a report on Monday, March 26th. They set a “buy” rating and a $100.00 target price for the company. Zacks Investment Research lowered shares of Brink’s from a “buy” rating to a “hold” rating in a report on Wednesday, March 14th. Sidoti reaffirmed a “neutral” rating and set a $94.00 target price on shares of Brink’s in a report on Friday, December 15th. Gabelli raised shares of Brink’s from a “hold” rating to a “buy” rating in a report on Thursday, February 8th. Finally, Imperial Capital reaffirmed an “outperform” rating and set a $100.00 target price (up previously from $86.00) on shares of Brink’s in a report on Thursday, January 18th. One equities research analyst has rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. The stock has a consensus rating of “Buy” and an average target price of $94.80.
Shares of Brink’s stock opened at $73.60 on Friday. The company has a debt-to-equity ratio of 3.37, a current ratio of 1.78 and a quick ratio of 1.78. The company has a market capitalization of $3,790.63, a P/E ratio of 24.29, a P/E/G ratio of 0.95 and a beta of 1.76. Brink’s has a fifty-two week low of $53.15 and a fifty-two week high of $88.10.
In other Brink’s news, Director George I. Stoeckert bought 2,000 shares of the stock in a transaction on Wednesday, February 14th. The stock was purchased at an average price of $74.15 per share, with a total value of $148,300.00. Following the acquisition, the director now owns 17,714 shares of the company’s stock, valued at $1,313,493.10. The purchase was disclosed in a filing with the SEC, which is available through the SEC website. Also, CEO Douglas A. Pertz bought 10,000 shares of the stock in a transaction on Thursday, February 8th. The shares were acquired at an average cost of $72.91 per share, with a total value of $729,100.00. The disclosure for this purchase can be found here. Insiders have acquired a total of 17,500 shares of company stock valued at $1,281,770 in the last ninety days. Company insiders own 2.48% of the company’s stock.
Several hedge funds and other institutional investors have recently made changes to their positions in BCO. Carillon Tower Advisers Inc. bought a new position in shares of Brink’s during the fourth quarter worth $27,151,000. Ascend Capital LLC bought a new position in shares of Brink’s during the fourth quarter worth $26,378,000. Neuberger Berman Group LLC bought a new position in shares of Brink’s during the third quarter worth $17,917,000. Teachers Advisors LLC boosted its position in shares of Brink’s by 142.5% during the fourth quarter. Teachers Advisors LLC now owns 316,992 shares of the business services provider’s stock worth $24,947,000 after purchasing an additional 186,259 shares in the last quarter. Finally, BlackRock Inc. boosted its position in shares of Brink’s by 3.3% during the fourth quarter. BlackRock Inc. now owns 5,669,576 shares of the business services provider’s stock worth $446,196,000 after purchasing an additional 182,730 shares in the last quarter. 93.07% of the stock is currently owned by institutional investors.
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.
To view ValuEngine’s full report, visit ValuEngine’s official website.
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