SunTrust Banks reaffirmed their buy rating on shares of Brink’s (NYSE:BCO) in a report issued on Friday, The Fly reports. SunTrust Banks currently has a $115.00 price target on the business services provider’s stock.

Other analysts also recently issued reports about the stock. ValuEngine downgraded shares of Brink’s from a hold rating to a sell rating in a research report on Tuesday, December 3rd. Zacks Investment Research raised shares of Brink’s from a sell rating to a hold rating in a research report on Wednesday, November 6th. Goldman Sachs Group assumed coverage on shares of Brink’s in a research report on Wednesday, November 27th. They set a buy rating and a $108.00 price objective on the stock. Finally, Buckingham Research increased their price objective on shares of Brink’s from $105.00 to $116.00 and gave the company an in-line rating in a research report on Wednesday, January 8th. They noted that the move was a valuation call. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating and three have assigned a buy rating to the stock. The stock currently has an average rating of Hold and an average price target of $111.00.

Shares of Brink’s stock traded down $1.78 during trading on Friday, hitting $92.42. The company’s stock had a trading volume of 221,078 shares, compared to its average volume of 285,767. The company has a debt-to-equity ratio of 8.97, a quick ratio of 1.40 and a current ratio of 1.40. The company has a fifty day simple moving average of $92.30 and a two-hundred day simple moving average of $86.59. The company has a market capitalization of $4.62 billion, a PE ratio of 26.71 and a beta of 1.54. Brink’s has a 52 week low of $69.85 and a 52 week high of $97.12.

Brink’s (NYSE:BCO) last issued its quarterly earnings results on Wednesday, October 23rd. The business services provider reported $1.05 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $1.04 by $0.01. The company had revenue of $925.00 million during the quarter, compared to analyst estimates of $931.08 million. Brink’s had a net margin of 1.83% and a return on equity of 102.81%. Brink’s’s quarterly revenue was up 8.6% compared to the same quarter last year. During the same period last year, the business earned $0.95 EPS. As a group, analysts predict that Brink’s will post 3.91 EPS for the current year.

The company also recently disclosed a quarterly dividend, which will be paid on Monday, March 2nd. Investors of record on Friday, February 7th will be given a dividend of $0.15 per share. This represents a $0.60 annualized dividend and a yield of 0.65%. The ex-dividend date of this dividend is Thursday, February 6th. Brink’s’s dividend payout ratio (DPR) is 17.34%.

Hedge funds have recently made changes to their positions in the stock. Parametric Portfolio Associates LLC grew its position in Brink’s by 6.1% during the 2nd quarter. Parametric Portfolio Associates LLC now owns 151,092 shares of the business services provider’s stock valued at $12,266,000 after purchasing an additional 8,677 shares during the last quarter. California State Teachers Retirement System boosted its holdings in shares of Brink’s by 1.2% during the 3rd quarter. California State Teachers Retirement System now owns 77,800 shares of the business services provider’s stock valued at $6,454,000 after acquiring an additional 929 shares during the last quarter. Public Employees Retirement System of Ohio boosted its holdings in shares of Brink’s by 971.5% during the 3rd quarter. Public Employees Retirement System of Ohio now owns 17,090 shares of the business services provider’s stock valued at $1,418,000 after acquiring an additional 15,495 shares during the last quarter. Natixis purchased a new stake in shares of Brink’s during the 2nd quarter valued at about $10,165,000. Finally, State of Tennessee Treasury Department boosted its holdings in shares of Brink’s by 4.4% during the 3rd quarter. State of Tennessee Treasury Department now owns 24,408 shares of the business services provider’s stock valued at $2,025,000 after acquiring an additional 1,024 shares during the last quarter.

Brink’s Company Profile

The Brink's Company provides secure transportation, cash management, and other security-related services in North America, South America, and internationally. 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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