Brink's (BCO) Downgraded by Zacks Investment Research to Hold

Brink's (NYSE:BCO) was downgraded by Zacks Investment Research from a “buy” rating to a “hold” rating in a research report issued on Friday.

According to Zacks, “The Brink’s Company provides secure transportation, cash management services, and other security-related services worldwide. The company offers cash-in-transit services, including armoured vehicle transportation of valuables; automated teller machine (ATM) services, such as cash replenishment, replenishment forecasting, cash optimization, ATM remote monitoring, service call dispatching, transaction processing, installation services, and first and second line maintenance; and network infrastructure services. It also provides transportation services for valued commodities, including diamonds, jewellery, precious metals, securities, currency, high-tech devices, electronics, and pharmaceuticals; and cash management services, such as money processing, deploying and servicing intelligent safes and safe control devices, integrated check and cash processing services, and check imaging services, as well as cashier balancing, counterfeit detection, account consolidation, and electronic reporting services. “

A number of other equities research analysts also recently commented on the company. ValuEngine downgraded Brink's from a “buy” rating to a “hold” rating in a research report on Friday, December 1st. Sidoti started coverage on Brink's in a research report on Friday, October 20th. They set a “buy” rating for the company. SunTrust Banks reiterated a “buy” rating and set a $98.00 price objective on shares of Brink's in a research report on Wednesday, October 18th. Finally, Imperial Capital increased their price objective on Brink's from $86.00 to $100.00 and gave the company an “outperform” rating in a research report on Thursday. Two research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. The company has a consensus rating of “Buy” and a consensus target price of $97.25.

Brink's (NYSE BCO) traded up $0.80 on Friday, reaching $85.85. The company’s stock had a trading volume of 380,529 shares, compared to its average volume of 369,133. The firm has a market capitalization of $4,330.00, a P/E ratio of 52.99, a price-to-earnings-growth ratio of 1.09 and a beta of 1.71. The company has a debt-to-equity ratio of 1.20, a current ratio of 1.21 and a quick ratio of 1.21. Brink's has a 12-month low of $42.28 and a 12-month high of $87.89.

Brink's (NYSE:BCO) last announced its quarterly earnings data on Wednesday, October 25th. The business services provider reported $0.83 EPS for the quarter, beating analysts’ consensus estimates of $0.75 by $0.08. Brink's had a return on equity of 35.15% and a net margin of 2.51%. The company had revenue of $849.50 million during the quarter, compared to the consensus estimate of $841.57 million. During the same quarter in the prior year, the firm earned $0.64 EPS. The company’s quarterly revenue was up 12.4% compared to the same quarter last year. research analysts predict that Brink's will post 3.01 earnings per share for the current fiscal year.

In other Brink's news, Director George I. Stoeckert bought 2,700 shares of the stock in a transaction on Tuesday, December 12th. The shares were purchased at an average cost of $80.55 per share, with a total value of $217,485.00. Following the completion of the transaction, the director now directly owns 12,014 shares of the company’s stock, valued at approximately $967,727.70. The purchase was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, insider Douglas A. Pertz bought 6,570 shares of the stock in a transaction on Thursday, November 2nd. The shares were acquired at an average cost of $76.18 per share, for a total transaction of $500,502.60. The disclosure for this purchase can be found here. Insiders bought 18,850 shares of company stock worth $1,461,348 over the last ninety days. 10.40% of the stock is currently owned by company insiders.

Hedge funds have recently added to or reduced their stakes in the business. Cypress Capital Management LLC WY bought a new stake in Brink's during the third quarter valued at about $122,000. Meeder Asset Management Inc. bought a new stake in Brink's during the third quarter valued at about $128,000. Tower Research Capital LLC TRC boosted its holdings in Brink's by 285.0% during the second quarter. Tower Research Capital LLC TRC now owns 1,540 shares of the business services provider’s stock valued at $103,000 after acquiring an additional 1,140 shares during the period. Riverhead Capital Management LLC boosted its holdings in Brink's by 51.8% during the second quarter. Riverhead Capital Management LLC now owns 2,429 shares of the business services provider’s stock valued at $163,000 after acquiring an additional 829 shares during the period. Finally, PNC Financial Services Group Inc. boosted its holdings in Brink's by 493.8% during the second quarter. PNC Financial Services Group Inc. now owns 2,678 shares of the business services provider’s stock valued at $180,000 after acquiring an additional 2,227 shares during the period. Institutional investors own 90.55% of the company’s stock.

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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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