Brink’s (BCO) Stock Rating Upgraded by ValuEngine

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.

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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.

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

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.

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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.

To view ValuEngine’s full report, visit ValuEngine’s official website.

Analyst Recommendations for Brink`s (NYSE:BCO)

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