Brink's (NYSE:BCO) was downgraded by Zacks Investment Research from a “buy” rating to a “hold” rating in a report issued on Wednesday.
According to Zacks, “The Brink’s Company is the world’s largest cash management company. Brinks customers include financial institutions, retailers, government agencies (including central banks and mints), jewelers and other commercial operations around the world. Brinks strong market position is supported by a new leadership with a proven track record of success, a strategic long-term strategy to drive growth and the financial strength to continue to capture market share. Brinks culture of continuous improvement is supported by a global team dedicated to providing exceptional customer support. Brink’s is a global leader in business and security services. The Company’s three businesses are Brink’s, Incorporated, the world’s premier provider of secure transportation and cash management services; Brink’s Home Security, one of the largest and most successful residential alarm companies in North America; and BAX Global, an industry leader in freight transportation and global supply chain management solutions. “
Several other equities analysts have also recently commented on the stock. Gabelli raised shares of Brink's from a “hold” rating to a “buy” rating in a research note on Thursday, February 8th. Imperial Capital reaffirmed an “outperform” rating and set a $100.00 price objective (up previously from $86.00) on shares of Brink's in a research note on Thursday, January 18th. Sidoti raised shares of Brink's from a “neutral” rating to a “buy” rating in a research note on Thursday, January 11th. Finally, ValuEngine cut shares of Brink's from a “buy” rating to a “hold” rating in a research note on Friday, December 1st. Two research analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. The company has an average rating of “Buy” and an average target price of $93.50.
Brink's (NYSE:BCO) last issued its quarterly earnings data on Wednesday, February 7th. The business services provider reported $0.95 EPS for the quarter, missing the consensus estimate of $0.96 by ($0.01). The firm had revenue of $903.00 million for the quarter, compared to analysts’ expectations of $851.35 million. Brink's had a net margin of 0.50% and a return on equity of 36.76%. Brink's’s revenue was up 12.3% on a year-over-year basis. During the same period in the prior year, the firm posted $0.87 EPS. research analysts expect that Brink's will post 3.76 earnings per share for the current year.
In related news, CFO Ronald James Domanico bought 3,500 shares of the company’s stock in a transaction on Thursday, February 8th. The stock was acquired at an average cost of $72.18 per share, for a total transaction of $252,630.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Douglas A. Pertz bought 10,000 shares of the company’s stock in a transaction on Thursday, February 8th. The shares were bought at an average price of $72.91 per share, with a total value of $729,100.00. The disclosure for this purchase can be found here. In the last ninety days, insiders have purchased 17,500 shares of company stock valued at $1,281,770. 10.40% of the stock is owned by corporate insiders.
Institutional investors have recently made changes to their positions in the business. Cypress Capital Management LLC WY bought a new stake in Brink's during the third quarter valued at approximately $122,000. Virtus Fund Advisers LLC bought a new stake in Brink's during the fourth quarter valued at approximately $146,000. Zurcher Kantonalbank Zurich Cantonalbank lifted its position in Brink's by 105.4% during the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 2,670 shares of the business services provider’s stock valued at $210,000 after purchasing an additional 1,370 shares during the last quarter. Haverford Trust Co. bought a new stake in Brink's during the third quarter valued at approximately $233,000. Finally, Legato Capital Management LLC bought a new stake in Brink's during the fourth quarter valued at approximately $240,000. Institutional investors and hedge funds own 93.17% of the company’s stock.
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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