Brink’s (BCO) Rating Lowered to Hold at ValuEngine
Brink’s (NYSE:BCO) was downgraded by stock analysts at ValuEngine from a “buy” rating to a “hold” rating in a research note issued on Friday.
Other research analysts also recently issued reports about the stock. Imperial Capital upgraded shares of Brink’s from an “in-line” rating to an “outperform” rating and upped their target price 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 from a “strong-buy” rating to a “hold” rating in a research note on Monday, September 18th. SunTrust Banks restated a “buy” rating and issued a $98.00 target price on shares of Brink’s in a research note on Wednesday, October 18th. Finally, Sidoti assumed coverage on shares of Brink’s in a research note on Friday, October 20th. They issued a “buy” rating for the company. One equities research analyst has rated the stock with a hold rating, four have given a buy rating and one has issued a strong buy rating to the company’s stock. Brink’s currently has a consensus rating of “Buy” and a consensus target price of $93.67.
Shares of Brink’s (NYSE BCO) traded down $1.00 during mid-day trading on Friday, hitting $79.85. 474,947 shares of the stock traded hands, compared to its average volume of 425,196. The stock has a market capitalization of $4,031.07, a P/E ratio of 27.44 and a beta of 1.71. The company has a quick ratio of 1.21, a current ratio of 1.21 and a debt-to-equity ratio of 1.20. Brink’s has a fifty-two week low of $38.48 and a fifty-two week high of $87.30.
In related news, Director Peter A. Feld sold 27,000 shares of the company’s stock in a transaction on Monday, September 11th. The shares were sold at an average price of $80.83, for a total value of $2,182,410.00. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CFO Ronald James Domanico purchased 3,000 shares of the business’s stock in a transaction that occurred on Thursday, October 26th. The stock was bought at an average cost of $77.49 per share, for a total transaction of $232,470.00. The disclosure for this purchase can be found here. Insiders purchased 15,150 shares of company stock worth $1,163,463 over the last ninety days. 10.40% of the stock is currently owned by corporate insiders.
A number of institutional investors and hedge funds have recently bought and sold shares of the stock. GSA Capital Partners LLP raised its holdings in Brink’s by 6.1% in the third quarter. GSA Capital Partners LLP now owns 18,698 shares of the business services provider’s stock valued at $1,575,000 after acquiring an additional 1,074 shares in the last quarter. Algert Global LLC raised its holdings in Brink’s by 38.3% in the third quarter. Algert Global LLC now owns 21,620 shares of the business services provider’s stock valued at $1,821,000 after acquiring an additional 5,984 shares in the last quarter. Insight Capital Research & Management Inc. raised its holdings in Brink’s by 40.7% in the third quarter. Insight Capital Research & Management Inc. now owns 46,811 shares of the business services provider’s stock valued at $3,944,000 after acquiring an additional 13,538 shares in the last quarter. Neuberger Berman Group LLC acquired a new stake in Brink’s in the third quarter valued at $17,917,000. Finally, California Public Employees Retirement System raised its holdings in Brink’s by 0.5% in the third quarter. California Public Employees Retirement System now owns 141,209 shares of the business services provider’s stock valued at $11,897,000 after acquiring an additional 652 shares in the last quarter. 90.53% of the stock is currently owned by hedge funds and other institutional investors.
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Brink’s 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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