Zacks Investment Research upgraded shares of Brink’s (NYSE:BCO) from a hold rating to a buy rating in a research note published on Tuesday, April 10th. They currently have $82.00 price objective on the business services provider’s stock.
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 research firms also recently issued reports on BCO. Buckingham Research started coverage on shares of Brink’s in a research note on Monday, March 26th. They set a buy rating and a $100.00 price objective for the company. ValuEngine upgraded shares of Brink’s from a hold rating to a buy rating in a research note on Friday, April 6th. Imperial Capital reiterated an outperform rating and set a $100.00 price objective (up from $86.00) on shares of Brink’s in a research note on Thursday, January 18th. Sidoti upgraded shares of Brink’s from a neutral rating to a buy rating in a research note on Thursday, January 11th. Finally, Gabelli upgraded shares of Brink’s from a hold rating to a buy rating in a research note on Thursday, February 8th. Seven investment analysts have rated the stock with a buy rating, The stock currently has an average rating of Buy and a consensus target price of $94.80.
Brink’s stock opened at $75.05 on Tuesday. Brink’s has a 1 year low of $56.20 and a 1 year high of $88.10. The company has a market capitalization of $3,760.28, a P/E ratio of 24.77, a P/E/G ratio of 0.96 and a beta of 1.76. The company has a quick ratio of 1.78, a current ratio of 1.78 and a debt-to-equity ratio of 3.37.
Brink’s (NYSE:BCO) last released its earnings results on Wednesday, February 7th. The business services provider reported $0.95 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.96 by ($0.01). Brink’s had a net margin of 0.50% and a return on equity of 36.76%. The company had revenue of $903.00 million during the quarter, compared to analysts’ expectations of $851.35 million. During the same quarter in the previous year, the firm posted $0.87 earnings per share. Brink’s’s revenue for the quarter was up 12.3% compared to the same quarter last year. research analysts predict that Brink’s will post 3.78 earnings per share for the current year.
In related news, CFO Ronald James Domanico purchased 3,500 shares of the business’s stock in a transaction that occurred on Thursday, February 8th. The shares were purchased at an average cost of $72.18 per share, with a total value of $252,630.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, Director George I. Stoeckert purchased 2,000 shares of the business’s stock in a transaction that occurred on Monday, February 12th. The stock was bought at an average cost of $75.87 per share, for a total transaction of $151,740.00. Following the completion of the acquisition, the director now directly owns 15,714 shares of the company’s stock, valued at $1,192,221.18. The disclosure for this purchase can be found here. Insiders bought 17,500 shares of company stock valued at $1,281,770 over the last 90 days. Insiders own 2.48% of the company’s stock.
Institutional investors and hedge funds have recently bought and sold shares of the stock. JPMorgan Chase & Co. raised its holdings in Brink’s by 101.1% in the third quarter. JPMorgan Chase & Co. now owns 224,285 shares of the business services provider’s stock valued at $18,582,000 after acquiring an additional 112,757 shares in the last quarter. UBS Asset Management Americas Inc. raised its holdings in shares of Brink’s by 5.1% during the fourth quarter. UBS Asset Management Americas Inc. now owns 35,327 shares of the business services provider’s stock worth $2,780,000 after purchasing an additional 1,714 shares during the period. Cambria Investment Management L.P. acquired a new stake in shares of Brink’s during the third quarter worth $277,000. Crossmark Global Holdings Inc. raised its holdings in shares of Brink’s by 73.3% during the fourth quarter. Crossmark Global Holdings Inc. now owns 6,618 shares of the business services provider’s stock worth $521,000 after purchasing an additional 2,799 shares during the period. Finally, Oppenheimer Asset Management Inc. raised its holdings in shares of Brink’s by 434.2% during the third quarter. Oppenheimer Asset Management Inc. now owns 4,931 shares of the business services provider’s stock worth $415,000 after purchasing an additional 4,008 shares during the period. 93.09% of the stock is currently owned by hedge funds and other institutional investors.
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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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