Brink's (BCO) Upgraded at Zacks Investment Research
Zacks Investment Research upgraded shares of Brink's (NYSE:BCO) from a hold rating to a buy rating in a research report released on Friday morning. Zacks Investment Research currently has $82.00 price objective on the business services provider’s stock.
According to Zacks, “The Brink’s Company provides secure transportation, cash management services, and other security-related services worldwide. The company offers cash-in-transit services, including armoured 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 services, and first and second line maintenance; and network infrastructure services. It also provides transportation services for valued commodities, including diamonds, jewellery, precious metals, securities, currency, high-tech devices, electronics, and pharmaceuticals; and cash management services, such as money processing, deploying and servicing intelligent safes and safe control devices, integrated check and cash processing services, and check imaging services, as well as cashier balancing, counterfeit detection, account consolidation, and electronic reporting services. “
Several other equities analysts have also weighed in on the company. Imperial Capital restated an outperform rating and issued a $100.00 price target (up previously from $86.00) on shares of Brink's in a research note on Thursday, January 18th. ValuEngine lowered Brink's from a buy rating to a hold rating in a research note on Friday, December 1st. Sidoti started coverage on Brink's in a research note on Friday, October 20th. They issued a buy rating for the company. SunTrust Banks restated a buy rating and issued a $98.00 price target on shares of Brink's in a research note on Wednesday, October 18th. Finally, Gabelli upgraded Brink's from a hold rating to a buy rating in a research note on Thursday, February 8th. One analyst has rated the stock with a hold rating and five have given a buy rating to the stock. The stock currently has an average rating of Buy and a consensus price target of $93.50.
Brink's (NYSE:BCO) last announced its quarterly earnings results on Wednesday, February 7th. The business services provider reported $0.95 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.96 by ($0.01). Brink's had a net margin of 0.50% and a return on equity of 36.76%. The business had revenue of $903.00 million during the quarter, compared to analysts’ expectations of $851.35 million. During the same quarter in the prior year, the firm earned $0.87 EPS. Brink's’s revenue for the quarter was up 12.3% on a year-over-year basis. research analysts forecast that Brink's will post 3.76 earnings per share for the current year.
The firm also recently declared a quarterly dividend, which will be paid on Thursday, March 1st. Investors of record on Thursday, February 8th will be paid a $0.15 dividend. The ex-dividend date is Wednesday, February 7th. This represents a $0.60 annualized dividend and a dividend yield of 0.81%. Brink's’s dividend payout ratio is presently 19.80%.
In other news, CEO Douglas A. Pertz acquired 10,000 shares of the business’s stock in a transaction on Thursday, February 8th. The stock was bought at an average cost of $72.91 per share, for a total transaction of $729,100.00. The purchase was disclosed in a legal filing with the SEC, which is available at this link. Also, CFO Ronald James Domanico acquired 3,500 shares of the business’s stock in a transaction on Thursday, February 8th. The shares were purchased at an average price of $72.18 per share, with a total value of $252,630.00. The disclosure for this purchase can be found here. Over the last quarter, insiders have acquired 17,200 shares of company stock valued at $1,279,615. 10.40% of the stock is owned by company insiders.
A number of large investors have recently bought and sold shares of BCO. PNC Financial Services Group Inc. increased its stake in Brink's by 493.8% during the 2nd quarter. PNC Financial Services Group Inc. now owns 2,678 shares of the business services provider’s stock worth $180,000 after buying an additional 2,227 shares in the last quarter. UBS Asset Management Americas Inc. increased its stake in Brink's by 3.9% during the 2nd quarter. UBS Asset Management Americas Inc. now owns 31,861 shares of the business services provider’s stock worth $2,135,000 after buying an additional 1,210 shares in the last quarter. FMR LLC increased its stake in Brink's by 40.5% during the 2nd quarter. FMR LLC now owns 653,613 shares of the business services provider’s stock worth $43,792,000 after buying an additional 188,323 shares in the last quarter. Parametric Portfolio Associates LLC increased its stake in Brink's by 25.7% during the 2nd quarter. Parametric Portfolio Associates LLC now owns 142,599 shares of the business services provider’s stock worth $9,554,000 after buying an additional 29,186 shares in the last quarter. Finally, Voya Investment Management LLC increased its stake in Brink's by 9.4% during the 2nd quarter. Voya Investment Management LLC now owns 21,260 shares of the business services provider’s stock worth $1,424,000 after buying an additional 1,820 shares in the last quarter. Institutional investors own 88.13% of the company’s stock.
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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.
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