Brink’s (BCO) Receives Average Recommendation of “Buy” from Brokerages

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Shares of Brink’s (NYSE:BCO) have received an average recommendation of “Buy” from the nine research firms that are covering the firm, MarketBeat.com reports. Two equities research analysts have rated the stock with a sell rating and six have assigned a buy rating to the company. The average twelve-month price target among brokerages that have updated their coverage on the stock in the last year is $99.50.

Several equities analysts have recently commented on BCO shares. Zacks Investment Research downgraded shares of Brink’s from a “hold” rating to a “sell” rating in a report on Friday, July 20th. Berenberg Bank started coverage on shares of Brink’s in a report on Wednesday, September 12th. They issued a “buy” rating and a $90.00 target price on the stock. ValuEngine downgraded shares of Brink’s from a “hold” rating to a “sell” rating in a report on Tuesday, September 4th. Finally, TheStreet downgraded shares of Brink’s from a “b-” rating to a “c” rating in a report on Wednesday, August 1st.

In other Brink’s news, CFO Ronald James Domanico purchased 2,000 shares of the firm’s stock in a transaction that occurred on Friday, September 7th. The shares were bought at an average price of $69.45 per share, with a total value of $138,900.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Amit Zukerman sold 5,000 shares of the company’s stock in a transaction on Monday, August 6th. The shares were sold at an average price of $79.41, for a total transaction of $397,050.00. The disclosure for this sale can be found here. 2.48% of the stock is owned by corporate insiders.

A number of institutional investors have recently added to or reduced their stakes in the stock. Northern Trust Corp increased its position in Brink’s by 7.9% during the second quarter. Northern Trust Corp now owns 803,368 shares of the business services provider’s stock valued at $64,068,000 after acquiring an additional 58,759 shares during the last quarter. Bank of New York Mellon Corp increased its position in Brink’s by 1.5% during the second quarter. Bank of New York Mellon Corp now owns 569,097 shares of the business services provider’s stock valued at $45,385,000 after acquiring an additional 8,182 shares during the last quarter. California Public Employees Retirement System increased its position in Brink’s by 7.4% during the second quarter. California Public Employees Retirement System now owns 126,674 shares of the business services provider’s stock valued at $10,102,000 after acquiring an additional 8,700 shares during the last quarter. Millennium Management LLC increased its position in Brink’s by 263.9% during the second quarter. Millennium Management LLC now owns 95,962 shares of the business services provider’s stock valued at $7,653,000 after acquiring an additional 69,589 shares during the last quarter. Finally, MetLife Investment Advisors LLC increased its position in Brink’s by 5.2% during the second quarter. MetLife Investment Advisors LLC now owns 54,876 shares of the business services provider’s stock valued at $4,376,000 after acquiring an additional 2,716 shares during the last quarter. 98.32% of the stock is currently owned by institutional investors.

Shares of BCO stock traded down $0.15 during mid-day trading on Friday, hitting $69.75. The company had a trading volume of 381,500 shares, compared to its average volume of 443,423. Brink’s has a 52-week low of $67.57 and a 52-week high of $88.10. The company has a debt-to-equity ratio of 4.63, a quick ratio of 1.79 and a current ratio of 1.79. The company has a market capitalization of $3.58 billion, a PE ratio of 23.19, a price-to-earnings-growth ratio of 1.06 and a beta of 1.73.

Brink’s (NYSE:BCO) last released its earnings results on Wednesday, July 25th. The business services provider reported $0.74 EPS for the quarter, topping the consensus estimate of $0.69 by $0.05. Brink’s had a negative net margin of 3.39% and a positive return on equity of 46.24%. The firm had revenue of $850.00 million for the quarter, compared to the consensus estimate of $795.75 million. During the same quarter in the previous year, the firm earned $0.64 earnings per share. The company’s quarterly revenue was up 5.5% compared to the same quarter last year. research analysts predict that Brink’s will post 3.41 EPS for the current fiscal year.

The firm also recently declared a quarterly dividend, which was paid on Saturday, September 1st. Investors of record on Friday, July 27th were paid a dividend of $0.15 per share. This represents a $0.60 dividend on an annualized basis and a yield of 0.86%. The ex-dividend date was Thursday, July 26th. Brink’s’s payout ratio is 19.80%.

Brink’s Company Profile

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.

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Analyst Recommendations for Brink`s (NYSE:BCO)

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