The Brink’s Company Rating Lowered to In-Line at Imperial Capital (BCO)
The Brink’s Company (NYSE:BCO) was downgraded by research analysts at Imperial Capital from an “outperform” rating to an “in-line” rating in a report released on Wednesday, Analyst Ratings Network.com reports. They currently have a $27.00 price target on the stock, down from their previous price target of $38.00. Imperial Capital’s target price suggests a potential upside of 6.55% from the stock’s previous close.
Shares of The Brink’s Company (NYSE:BCO) traded down 1.18% on Wednesday, hitting $25.04. The stock had a trading volume of 268,663 shares. The Brink’s Company has a 1-year low of $24.07 and a 1-year high of $35.73. The stock has a 50-day moving average of $29.34 and a 200-day moving average of $31.20. The company has a market cap of $1.213 billion and a P/E ratio of 21.81. The Brink’s Company also was the target of a significant growth in short interest in the month of January. As of March 31st, there was short interest totalling 4,588,943 shares, a growth of 66.2% from the March 14th total of 2,760,801 shares. Approximately 9.6% of the company’s shares are short sold. Based on an average daily trading volume, of 404,390 shares, the short-interest ratio is presently 11.3 days.
The Brink’s Company (NYSE:BCO) last announced its earnings results on Thursday, January 30th. The company reported $0.79 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.73 by $0.06. The company had revenue of $1.04 billion for the quarter, compared to the consensus estimate of $1.06 billion. On average, analysts predict that The Brink’s Company will post $2.62 earnings per share for the current fiscal year.
The Brink’s Company (NYSE:BCO) is a provider of secure logistics and security solutions services to banks and financial institutions, retailers, government agencies, mints, jewelers and other commercial operations around the world.
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