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.

Brink’s (NYSE:BCO) last announced its earnings results on Wednesday, October 25th. The business services provider reported $0.83 earnings per share for the quarter, beating the consensus estimate of $0.75 by $0.08. The business had revenue of $849.50 million during the quarter, compared to the consensus estimate of $841.57 million. Brink’s had a net margin of 2.51% and a return on equity of 35.15%. The business’s quarterly revenue was up 12.4% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.64 earnings per share. research analysts forecast that Brink’s will post 3.05 EPS for the current fiscal year.

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.

To view ValuEngine’s full report, visit ValuEngine’s official website.

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