Brink’s (NYSE:BCO) Stock Rating Upgraded by Wall Street Zen

Brink’s (NYSE:BCO) was upgraded by research analysts at Wall Street Zen from a “buy” rating to a “strong-buy” rating in a research report issued on Sunday.

A number of other analysts have also weighed in on the stock. The Goldman Sachs Group upped their price target on shares of Brink’s from $129.00 to $145.00 and gave the stock a “buy” rating in a research note on Monday, March 2nd. Truist Financial raised their price objective on shares of Brink’s from $138.00 to $163.00 and gave the company a “buy” rating in a research note on Tuesday, February 10th. Three investment analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $154.00.

Brink’s Price Performance

Shares of BCO opened at $106.03 on Friday. The firm has a market capitalization of $4.36 billion, a price-to-earnings ratio of 22.61 and a beta of 1.09. The company has a debt-to-equity ratio of 9.35, a quick ratio of 1.51 and a current ratio of 1.51. Brink’s has a one year low of $80.10 and a one year high of $136.37. The stock’s fifty day moving average is $124.39 and its 200-day moving average is $118.08.

Brink’s (NYSE:BCO) last posted its quarterly earnings data on Thursday, February 26th. The business services provider reported $2.54 earnings per share for the quarter, topping the consensus estimate of $2.47 by $0.07. The business had revenue of $1.38 billion during the quarter, compared to the consensus estimate of $1.35 billion. Brink’s had a net margin of 3.80% and a return on equity of 89.90%. The company’s quarterly revenue was up 9.1% compared to the same quarter last year. During the same quarter in the prior year, the company posted $2.12 earnings per share. Equities analysts anticipate that Brink’s will post 6.49 EPS for the current year.

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

Institutional Trading of Brink’s

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Jackson Creek Investment Advisors LLC bought a new position in shares of Brink’s in the third quarter valued at $2,332,000. JPMorgan Chase & Co. boosted its stake in shares of Brink’s by 34.0% during the 3rd quarter. JPMorgan Chase & Co. now owns 206,737 shares of the business services provider’s stock worth $24,159,000 after acquiring an additional 52,444 shares in the last quarter. LSV Asset Management boosted its stake in shares of Brink’s by 16.3% during the 3rd quarter. LSV Asset Management now owns 1,256,385 shares of the business services provider’s stock worth $146,821,000 after acquiring an additional 175,773 shares in the last quarter. Barclays PLC grew its holdings in shares of Brink’s by 78.2% in the 3rd quarter. Barclays PLC now owns 370,700 shares of the business services provider’s stock worth $43,320,000 after acquiring an additional 162,677 shares during the last quarter. Finally, CenterBook Partners LP grew its holdings in shares of Brink’s by 170.1% in the 3rd quarter. CenterBook Partners LP now owns 48,641 shares of the business services provider’s stock worth $5,684,000 after acquiring an additional 30,635 shares during the last quarter. 94.96% of the stock is owned by institutional investors and hedge funds.

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.