Brink’s Company (The) (BCO) Stock Rating Upgraded by Zacks Investment Research
Brink’s Company (The) (NYSE:BCO) was upgraded by Zacks Investment Research from a “hold” rating to a “strong-buy” rating in a report released on Tuesday. The firm presently has a $97.00 target price on the business services provider’s stock. Zacks Investment Research‘s target price would indicate a potential upside of 15.41% from the stock’s previous close.
According to Zacks, “The Brink’s Company is a global leader in business and security services. Their three main businesses are Brink’s, Incorporated, the world’s premier provider of secure transportation and cash management services; Brink’s Home Security, one of the largest and most successful residential alarm companies in North America; and BAX Global, an industry leader in global supply chain management. “
Several other research analysts have also recently weighed in on the stock. ValuEngine upgraded shares of Brink’s Company (The) from a “hold” rating to a “buy” rating in a research report on Friday, September 1st. Imperial Capital upped their target price on shares of Brink’s Company (The) from $65.00 to $72.00 and gave the company an “outperform” rating in a research report on Monday, July 17th. Two research analysts have rated the stock with a hold rating, four have issued a buy rating and one has given a strong buy rating to the company. The stock currently has an average rating of “Buy” and a consensus target price of $91.50.
Shares of Brink’s Company (NYSE:BCO) traded up 0.12% during trading on Tuesday, reaching $84.05. The company’s stock had a trading volume of 205,487 shares. Brink’s Company has a 12 month low of $36.24 and a 12 month high of $84.80. The company’s 50-day moving average is $80.27 and its 200-day moving average is $68.83. The company has a market capitalization of $4.24 billion, a P/E ratio of 50.03 and a beta of 1.70.
Brink’s Company (The) (NYSE:BCO) last posted its quarterly earnings data on Wednesday, July 26th. The business services provider reported $0.64 earnings per share for the quarter, topping the consensus estimate of $0.46 by $0.18. Brink’s Company (The) had a net margin of 2.73% and a return on equity of 34.49%. The firm had revenue of $806.00 million during the quarter, compared to analysts’ expectations of $730.87 million. During the same quarter in the previous year, the company posted $0.38 EPS. Brink’s Company (The)’s revenue was up 9.0% on a year-over-year basis. On average, analysts forecast that Brink’s Company will post $3.02 EPS for the current fiscal year.
ILLEGAL ACTIVITY WARNING: This story was originally posted by American Banking News and is the sole property of of American Banking News. If you are accessing this story on another publication, it was copied illegally and reposted in violation of United States and international copyright and trademark legislation. The legal version of this story can be accessed at https://www.americanbankingnews.com/2017/10/10/brinks-company-the-bco-stock-rating-upgraded-by-zacks-investment-research.html.
In other Brink’s Company (The) news, Director Peter A. Feld sold 86,151 shares of the company’s stock in a transaction on Monday, July 31st. The shares were sold at an average price of $78.18, for a total transaction of $6,735,285.18. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Peter A. Feld sold 50,908 shares of the company’s stock in a transaction on Tuesday, August 1st. The shares were sold at an average price of $78.05, for a total transaction of $3,973,369.40. The disclosure for this sale can be found here. Insiders have sold a total of 501,415 shares of company stock valued at $38,681,954 in the last quarter. Corporate insiders own 10.40% of the company’s stock.
Several institutional investors have recently modified their holdings of BCO. Tower Research Capital LLC TRC grew its holdings in shares of Brink’s Company (The) by 285.0% in the 2nd quarter. Tower Research Capital LLC TRC now owns 1,540 shares of the business services provider’s stock valued at $103,000 after buying an additional 1,140 shares during the period. Daiwa Securities Group Inc. acquired a new position in shares of Brink’s Company (The) in the 2nd quarter valued at $114,000. Barrow Hanley Mewhinney & Strauss LLC acquired a new position in shares of Brink’s Company (The) in the 1st quarter valued at $153,000. Seven Eight Capital LP acquired a new position in shares of Brink’s Company (The) in the 2nd quarter valued at $154,000. Finally, Zurcher Kantonalbank Zurich Cantonalbank grew its holdings in shares of Brink’s Company (The) by 93.6% in the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 2,313 shares of the business services provider’s stock valued at $155,000 after buying an additional 1,118 shares during the period. Institutional investors own 89.85% of the company’s stock.
About Brink’s Company (The)
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.
For more information about research offerings from Zacks Investment Research, visit Zacks.com
Receive News & Ratings for Brink's Company (The) Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Brink's Company (The) and related companies with MarketBeat.com's FREE daily email newsletter.