Brink’s (NYSE:BCO) has been assigned a consensus rating of “Buy” from the nine brokerages that are presently covering the firm, Marketbeat.com reports. One research analyst has rated the stock with a sell recommendation, one has issued a hold recommendation and six have issued a buy recommendation on the company. The average 12-month target price among analysts that have covered the stock in the last year is $97.50.
A number of brokerages have weighed in on BCO. Zacks Investment Research downgraded shares of Brink’s from a “hold” rating to a “sell” rating in a research report on Friday, July 20th. Berenberg Bank began coverage on shares of Brink’s in a research report on Wednesday, September 12th. They issued a “buy” rating and a $90.00 price objective for the company. ValuEngine downgraded shares of Brink’s from a “hold” rating to a “sell” rating in a research report on Tuesday, September 4th. SunTrust Banks decreased their price objective on shares of Brink’s to $90.00 and set a “buy” rating for the company in a research report on Monday, October 15th. Finally, TheStreet downgraded shares of Brink’s from a “b-” rating to a “c” rating in a research report on Wednesday, August 1st.
NYSE BCO opened at $68.75 on Friday. The firm has a market cap of $3.50 billion, a P/E ratio of 22.69, a price-to-earnings-growth ratio of 1.35 and a beta of 1.60. Brink’s has a 1 year low of $61.47 and a 1 year high of $88.10. The company has a debt-to-equity ratio of 5.89, a current ratio of 1.53 and a quick ratio of 1.53.
Brink’s (NYSE:BCO) last posted its earnings results on Wednesday, October 24th. The business services provider reported $0.91 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.80 by $0.11. The company had revenue of $852.00 million during the quarter, compared to the consensus estimate of $843.96 million. Brink’s had a negative net margin of 3.46% and a positive return on equity of 56.86%. The firm’s quarterly revenue was up .3% on a year-over-year basis. During the same period in the previous year, the firm posted $0.83 earnings per share. On average, equities analysts predict that Brink’s will post 3.32 EPS for the current fiscal year.
The company also recently disclosed a quarterly dividend, which will be paid on Monday, December 3rd. Shareholders of record on Friday, November 9th will be given a $0.15 dividend. The ex-dividend date of this dividend is Thursday, November 8th. This represents a $0.60 dividend on an annualized basis and a dividend yield of 0.87%. Brink’s’s dividend payout ratio (DPR) is currently 19.80%.
In other news, CFO Ronald James Domanico acquired 2,000 shares of the firm’s stock in a transaction on Friday, September 7th. The stock was acquired at an average price of $69.45 per share, for a total transaction of $138,900.00. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Corporate insiders own 2.48% of the company’s stock.
Several hedge funds have recently added to or reduced their stakes in BCO. Millennium Management LLC increased its stake in shares of Brink’s by 58.2% during the first quarter. Millennium Management LLC now owns 26,373 shares of the business services provider’s stock worth $1,882,000 after purchasing an additional 9,700 shares in the last quarter. Fortaleza Asset Management Inc. purchased a new stake in shares of Brink’s during the second quarter worth about $192,000. Fox Run Management L.L.C. purchased a new stake in shares of Brink’s during the second quarter worth about $695,000. Oakbrook Investments LLC purchased a new stake in shares of Brink’s during the second quarter worth about $311,000. Finally, World Asset Management Inc purchased a new stake in shares of Brink’s during the second quarter worth about $200,000. 98.13% of the stock is owned by institutional investors and hedge funds.
The Brink's Company provides secure transportation, cash management, and other security-related services worldwide. The company offers cash-in-transit services, including armored 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, and first and second line maintenance; and network infrastructure services.
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