Brink’s Company (The) (BCO) Given Consensus Rating of “Buy” by Brokerages
Brink’s Company (The) (NYSE:BCO) has been given a consensus rating of “Buy” by the eight analysts that are currently covering the company, MarketBeat.com reports. Two equities research analysts have rated the stock with a hold recommendation, five have given a buy recommendation and one has given a strong buy recommendation to the company. The average 12-month price target among analysts that have issued ratings on the stock in the last year is $93.67.
Several equities analysts recently issued reports on the stock. Imperial Capital raised shares of Brink’s Company (The) from an “in-line” rating to an “outperform” rating and upped their price objective for the company from $72.00 to $86.00 in a research note on Wednesday, August 9th. Zacks Investment Research downgraded shares of Brink’s Company (The) from a “strong-buy” rating to a “hold” rating in a research note on Monday, September 18th. SunTrust Banks, Inc. reaffirmed a “buy” rating and set a $98.00 price target on shares of Brink’s Company (The) in a research note on Wednesday, October 18th. ValuEngine downgraded shares of Brink’s Company (The) from a “buy” rating to a “hold” rating in a research note on Monday, October 2nd. Finally, Sidoti started coverage on shares of Brink’s Company (The) in a research note on Friday, October 20th. They set a “buy” rating on the stock.
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Shares of Brink’s Company (BCO) opened at 85.75 on Wednesday. The stock has a market cap of $4.33 billion, a price-to-earnings ratio of 51.04 and a beta of 1.70. Brink’s Company has a 52-week low of $37.54 and a 52-week high of $87.30. The stock’s 50 day moving average is $82.92 and its 200 day moving average is $71.41.
Brink’s Company (The) (NYSE:BCO) last announced its quarterly earnings data on Wednesday, July 26th. The business services provider reported $0.64 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.46 by $0.18. The business had revenue of $806.00 million for the quarter, compared to the consensus estimate of $730.87 million. Brink’s Company (The) had a net margin of 2.73% and a return on equity of 34.49%. The company’s quarterly revenue was up 9.0% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.38 earnings per share. On average, equities analysts expect that Brink’s Company will post $3.02 earnings per share for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which will be paid on Friday, December 1st. Stockholders of record on Monday, November 13th will be given a $0.15 dividend. This represents a $0.60 annualized dividend and a dividend yield of 0.70%. The ex-dividend date of this dividend is Friday, November 10th. Brink’s Company (The)’s payout ratio is currently 35.71%.
In related news, CAO Mcalister C. Marshall II sold 4,848 shares of the firm’s stock in a transaction on Thursday, August 3rd. The shares were sold at an average price of $77.67, for a total transaction of $376,544.16. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Peter A. Feld sold 86,151 shares of the firm’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 disclosure for this sale can be found here. Insiders sold 501,415 shares of company stock valued at $38,681,954 in the last three months. Company insiders own 10.40% of the company’s stock.
Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Tower Research Capital LLC TRC grew its holdings in Brink’s Company (The) by 285.0% during 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 purchasing an additional 1,140 shares in the last quarter. Daiwa Securities Group Inc. acquired a new stake in Brink’s Company (The) during the 2nd quarter valued at $114,000. Meeder Asset Management Inc. acquired a new stake in Brink’s Company (The) during the 3rd quarter valued at $128,000. Seven Eight Capital LP acquired a new stake in Brink’s Company (The) during the 2nd quarter valued at $154,000. Finally, Zurcher Kantonalbank Zurich Cantonalbank grew its holdings in Brink’s Company (The) by 93.6% during the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 2,313 shares of the business services provider’s stock valued at $155,000 after purchasing an additional 1,118 shares in the last quarter. 90.07% of the stock is owned by institutional investors and hedge funds.
Brink’s Company (The) 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.
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