Brink’s (BCO) Downgraded by ValuEngine to Hold
ValuEngine downgraded shares of Brink’s (NYSE:BCO) from a buy rating to a hold rating in a report issued on Friday morning.
Several other brokerages also recently weighed in on BCO. SunTrust Banks reissued a buy rating and issued a $98.00 target price on shares of Brink’s in a research note on Wednesday, October 18th. Sidoti assumed coverage on shares of Brink’s in a research note on Friday, October 20th. They issued a buy rating for the company. Zacks Investment Research raised shares of Brink’s from a hold rating to a strong-buy rating and set a $97.00 target price for the company in a research note on Tuesday, October 10th. Finally, Imperial Capital raised shares of Brink’s from an in-line rating to an outperform rating and boosted their target price for the company from $72.00 to $86.00 in a research note on Wednesday, August 9th. One research analyst has rated the stock with a hold rating, four have assigned a buy rating and one has assigned a strong buy rating to the company. Brink’s currently has an average rating of Buy and a consensus target price of $93.67.
Brink’s (NYSE BCO) opened at $78.40 on Friday. Brink’s has a one year low of $38.80 and a one year high of $87.30. The firm has a market cap of $4,031.10, a PE ratio of 27.44 and a beta of 1.71. The company has a quick ratio of 1.21, a current ratio of 1.21 and a debt-to-equity ratio of 1.20.
Brink’s (NYSE:BCO) last announced its earnings results on Wednesday, October 25th. The business services provider reported $0.83 earnings per share for the quarter, beating the consensus estimate of $0.75 by $0.08. Brink’s had a net margin of 2.51% and a return on equity of 35.15%. The firm had revenue of $849.50 million during the quarter, compared to the consensus estimate of $841.57 million. During the same quarter in the previous year, the company posted $0.64 EPS. The firm’s revenue for the quarter was up 12.4% on a year-over-year basis. equities analysts expect that Brink’s will post 3.05 earnings per share for the current fiscal year.
The business also recently disclosed a quarterly dividend, which was paid on Friday, December 1st. Stockholders of record on Monday, November 13th were paid a dividend of $0.15 per share. This represents a $0.60 dividend on an annualized basis and a dividend yield of 0.77%. The ex-dividend date of this dividend was Friday, November 10th. Brink’s’s dividend payout ratio is currently 37.97%.
In related news, CFO Ronald James Domanico acquired 3,000 shares of the company’s stock in a transaction dated Wednesday, November 1st. The stock was bought at an average price of $76.85 per share, with a total value of $230,550.00. The purchase was disclosed in a filing with the SEC, which is available through this hyperlink. Also, insider Douglas A. Pertz acquired 6,570 shares of the company’s stock in a transaction dated Thursday, November 2nd. The shares were bought at an average cost of $76.18 per share, with a total value of $500,502.60. The disclosure for this purchase can be found here. In the last ninety days, insiders have bought 15,150 shares of company stock valued at $1,163,463. Corporate insiders own 10.40% of the company’s stock.
Large investors have recently modified their holdings of the company. Tower Research Capital LLC TRC grew its holdings in shares of Brink’s by 285.0% during the 2nd quarter. Tower Research Capital LLC TRC now owns 1,540 shares of the business services provider’s stock worth $103,000 after purchasing an additional 1,140 shares during the period. Daiwa Securities Group Inc. purchased a new stake in shares of Brink’s during the 2nd quarter worth about $114,000. Cypress Capital Management LLC WY purchased a new stake in shares of Brink’s during the 3rd quarter worth about $122,000. Meeder Asset Management Inc. purchased a new stake in shares of Brink’s during the 3rd quarter worth about $128,000. Finally, Seven Eight Capital LP purchased a new stake in shares of Brink’s during the 2nd quarter worth about $154,000. Institutional investors and hedge funds own 90.56% of the company’s stock.
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Brink’s Company Profile
The Brink’s Company (Brink’s) is a provider of logistics and security solutions. The Company operates through nine segments: U.S., France, Mexico, Brazil, Canada, Latin America, EMEA, Asia and Payment Services. The Company’s solutions include cash-in-transit (CIT), automated teller machine (ATM) replenishment and maintenance, cash management services, including vault outsourcing, money processing, and intelligent safe services, international transportation of valuables, and payment services.
To view ValuEngine’s full report, visit ValuEngine’s official website.
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