Brink’s (NYSE:BCO) Downgraded to Buy Rating by Wall Street Zen

Wall Street Zen cut shares of Brink’s (NYSE:BCO) from a strong-buy rating to a buy rating in a report released on Saturday.

Other equities research analysts have also issued reports about the company. The Goldman Sachs Group increased their target price on Brink’s from $129.00 to $145.00 and gave the stock a “buy” rating in a research report on Monday, March 2nd. Truist Financial upped their price target on shares of Brink’s from $138.00 to $163.00 and gave the stock a “buy” rating in a research report on Tuesday, February 10th. Three research analysts have rated the stock with a Buy rating and one has given a Hold rating to the stock. Based on data from MarketBeat, Brink’s currently has an average rating of “Moderate Buy” and an average price target of $154.00.

Brink’s Stock Performance

Shares of BCO stock opened at $117.81 on Friday. The company has a market cap of $4.85 billion, a P/E ratio of 25.12 and a beta of 1.09. The business has a 50 day moving average of $125.41 and a two-hundred day moving average of $118.13. Brink’s has a 52 week low of $80.10 and a 52 week high of $136.37. The company has a quick ratio of 1.51, a current ratio of 1.51 and a debt-to-equity ratio of 9.35.

Brink’s (NYSE:BCO) last announced its quarterly earnings results on Thursday, February 26th. The business services provider reported $2.54 earnings per share for the quarter, topping analysts’ consensus estimates of $2.47 by $0.07. Brink’s had a return on equity of 89.90% and a net margin of 3.80%.The business had revenue of $1.38 billion for the quarter, compared to analysts’ expectations of $1.35 billion. During the same period in the prior year, the firm earned $2.12 EPS. The business’s quarterly revenue was up 9.1% on a year-over-year basis. As a group, analysts anticipate that Brink’s will post 6.49 EPS for the current year.

Brink’s announced that its Board of Directors has authorized a stock repurchase plan on Thursday, December 11th that allows the company to buyback $750.00 million in outstanding shares. This buyback authorization allows the business services provider to buy up to 15.4% of its shares through open market purchases. Shares buyback plans are generally a sign that the company’s board of directors believes its shares are undervalued.

Brink’s Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Monday, March 2nd. Shareholders of record on Monday, February 2nd were paid a dividend of $0.255 per share. The ex-dividend date of this dividend was Monday, February 2nd. This represents a $1.02 annualized dividend and a yield of 0.9%. Brink’s’s payout ratio is presently 21.75%.

Insider Activity

In other news, insider Michael E. Sweeney sold 1,418 shares of the stock in a transaction on Monday, December 15th. The stock was sold at an average price of $119.50, for a total value of $169,451.00. Following the completion of the transaction, the insider owned 5,755 shares of the company’s stock, valued at approximately $687,722.50. This represents a 19.77% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Insiders own 0.49% of the company’s stock.

Institutional Investors Weigh In On Brink’s

Institutional investors have recently bought and sold shares of the stock. Caldwell Trust Co bought a new stake in shares of Brink’s during the 2nd quarter worth about $27,000. Smartleaf Asset Management LLC boosted its holdings in shares of Brink’s by 150.5% in the fourth quarter. Smartleaf Asset Management LLC now owns 243 shares of the business services provider’s stock valued at $29,000 after acquiring an additional 146 shares in the last quarter. Advisory Services Network LLC acquired a new position in shares of Brink’s during the third quarter valued at approximately $33,000. Mather Group LLC. acquired a new position in shares of Brink’s during the third quarter valued at approximately $34,000. Finally, Global Retirement Partners LLC bought a new stake in Brink’s during the fourth quarter worth approximately $39,000. Institutional investors and hedge funds own 94.96% of the company’s stock.

About Brink’s

The Brink’s Company (NYSE: BCO) is a global leader in secure logistics and cash management solutions. The company provides a comprehensive suite of services that span armored transportation, cash-in-transit (CIT), ATM services, smart safe solutions, and valuables storage. Through its network of service centers and armored vehicles, Brink’s ensures the safe and efficient movement of currency, precious metals, and other high-value assets for banks, retailers, mints, and government agencies.

Brink’s armored transport operations are complemented by technology-driven cash management offerings, including deposit automation and secure vaulting.