Brink's (NYSE:BCO) was upgraded by Zacks Investment Research from a “hold” rating to a “buy” rating in a research report issued to clients and investors on Friday. The brokerage currently has a $82.00 target price on the business services provider’s stock. Zacks Investment Research‘s price target would suggest a potential upside of 7.97% from the company’s current price.
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 brokerages have also issued reports on BCO. SunTrust Banks reaffirmed a “buy” rating and set a $98.00 target price on shares of Brink's in a research report on Wednesday, October 18th. Sidoti assumed coverage on shares of Brink's in a research report on Friday, October 20th. They set a “buy” rating on the stock. Imperial Capital reaffirmed an “outperform” rating and set a $100.00 target price (up previously from $86.00) on shares of Brink's in a research report on Thursday, January 18th. ValuEngine lowered shares of Brink's from a “buy” rating to a “hold” rating in a research report on Friday, December 1st. Finally, Gabelli raised shares of Brink's from a “hold” rating to a “buy” rating in a research report on Thursday. One research analyst has rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. Brink's has a consensus rating of “Buy” and an average price target of $93.50.
Brink's (NYSE:BCO) last announced its earnings results on Wednesday, February 7th. The business services provider reported $0.95 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.96 by ($0.01). Brink's had a return on equity of 36.76% and a net margin of 0.50%. The company had revenue of $903.00 million for the quarter, compared to the consensus estimate of $851.35 million. During the same period last year, the firm posted $0.87 EPS. The company’s revenue was up 12.3% compared to the same quarter last year. equities analysts anticipate that Brink's will post 3.71 EPS for the current fiscal year.
In other Brink's news, Director George I. Stoeckert purchased 1,000 shares of the stock in a transaction on Friday, December 8th. The shares were purchased at an average price of $80.40 per share, with a total value of $80,400.00. Following the acquisition, the director now directly owns 12,014 shares of the company’s stock, valued at approximately $965,925.60. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, CEO Douglas A. Pertz purchased 10,000 shares of the stock in a transaction on Thursday, February 8th. The stock was acquired at an average cost of $72.91 per share, for a total transaction of $729,100.00. The disclosure for this purchase can be found here. Insiders acquired a total of 17,200 shares of company stock worth $1,279,615 in the last three months. Insiders own 10.40% of the company’s stock.
Institutional investors have recently made changes to their positions in the business. AHL Partners LLP bought a new stake in Brink's in the 2nd quarter valued at $919,000. JPMorgan Chase & Co. lifted its position in Brink's by 101.1% during the 3rd quarter. JPMorgan Chase & Co. now owns 224,285 shares of the business services provider’s stock worth $18,582,000 after buying an additional 112,757 shares in the last quarter. Alps Advisors Inc. lifted its position in Brink's by 126.8% during the 3rd quarter. Alps Advisors Inc. now owns 10,493 shares of the business services provider’s stock worth $884,000 after buying an additional 5,866 shares in the last quarter. Capital Growth Management LP lifted its position in Brink's by 50.0% during the 3rd quarter. Capital Growth Management LP now owns 15,000 shares of the business services provider’s stock worth $1,264,000 after buying an additional 5,000 shares in the last quarter. Finally, ING Groep NV acquired a new position in Brink's during the 3rd quarter worth about $521,000. 89.35% of the stock is currently owned by hedge funds and other institutional investors.
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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