Brink’s (NYSE:BCO) Price Target Raised to $144.00

Brink’s (NYSE:BCO) had its price objective boosted by Truist Financial from $110.00 to $144.00 in a report issued on Friday morning, Benzinga reports. Truist Financial currently has a buy rating on the business services provider’s stock.

Separately, StockNews.com upgraded Brink’s from a buy rating to a strong-buy rating in a report on Friday, August 16th. Three investment analysts have rated the stock with a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, Brink’s presently has a consensus rating of Buy and a consensus target price of $123.50.

Brink’s Stock Up 1.0 %

BCO opened at $112.93 on Friday. The company has a market cap of $5.02 billion, a P/E ratio of 43.27 and a beta of 1.43. The business’s 50-day moving average price is $105.74 and its 200-day moving average price is $98.57. The company has a current ratio of 1.57, a quick ratio of 1.57 and a debt-to-equity ratio of 7.78. Brink’s has a 12 month low of $64.15 and a 12 month high of $113.63.

Brink’s (NYSE:BCO) last released its quarterly earnings data on Wednesday, August 7th. The business services provider reported $1.67 EPS for the quarter, topping the consensus estimate of $1.47 by $0.20. The firm had revenue of $1.25 billion for the quarter, compared to the consensus estimate of $1.26 billion. Brink’s had a return on equity of 69.80% and a net margin of 2.73%. The company’s quarterly revenue was up 3.0% on a year-over-year basis. During the same quarter in the previous year, the business earned $1.18 earnings per share. On average, equities analysts expect that Brink’s will post 7.51 EPS for the current year.

Brink’s Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Monday, December 2nd. Investors of record on Monday, November 4th will be paid a $0.2425 dividend. The ex-dividend date is Monday, November 4th. This represents a $0.97 annualized dividend and a dividend yield of 0.86%. Brink’s’s payout ratio is presently 37.16%.

Institutional Trading of Brink’s

Several large investors have recently modified their holdings of the business. Vanguard Group Inc. grew its stake in shares of Brink’s by 1.4% in the first quarter. Vanguard Group Inc. now owns 4,662,790 shares of the business services provider’s stock worth $430,749,000 after purchasing an additional 63,853 shares during the last quarter. Dimensional Fund Advisors LP boosted its position in Brink’s by 0.3% during the 2nd quarter. Dimensional Fund Advisors LP now owns 1,006,620 shares of the business services provider’s stock valued at $103,079,000 after acquiring an additional 3,319 shares in the last quarter. Silvercrest Asset Management Group LLC boosted its position in Brink’s by 4.7% during the 1st quarter. Silvercrest Asset Management Group LLC now owns 928,887 shares of the business services provider’s stock valued at $85,811,000 after acquiring an additional 41,678 shares in the last quarter. LSV Asset Management boosted its position in Brink’s by 15,919.2% during the 2nd quarter. LSV Asset Management now owns 800,961 shares of the business services provider’s stock valued at $82,018,000 after acquiring an additional 795,961 shares in the last quarter. Finally, Norges Bank bought a new stake in Brink’s during the 4th quarter valued at approximately $21,375,000. 94.96% of the stock is owned by institutional investors.

About Brink’s

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