ValuEngine Lowers Brink’s (BCO) to Hold

ValuEngine downgraded shares of Brink’s (NYSE:BCO) from a buy rating to a hold rating in a research report report published on Friday morning.

A number of other research firms have also weighed in on BCO. SunTrust Banks reissued a buy rating and issued a $98.00 target price on shares of Brink’s in a research note on Wednesday, October 18th. Sidoti initiated coverage on shares of Brink’s in a research note on Friday, October 20th. They issued a buy rating on the stock. Zacks Investment Research raised shares of Brink’s from a hold rating to a strong-buy rating and set a $97.00 target price on the stock in a research note on Tuesday, October 10th. Finally, Imperial Capital raised shares of Brink’s from an in-line rating to an outperform rating and raised their target price for the stock from $72.00 to $86.00 in a research note on Wednesday, August 9th. One equities research analyst has rated the stock with a hold rating, four have given a buy rating and one has given a strong buy rating to the stock. The company presently has an average rating of Buy and a consensus price target of $93.67.

Brink’s (NYSE BCO) traded down $1.00 on Friday, reaching $79.85. 475,300 shares of the company’s stock were exchanged, compared to its average volume of 425,220. The company has a debt-to-equity ratio of 1.20, a current ratio of 1.21 and a quick ratio of 1.21. Brink’s has a twelve month low of $38.48 and a twelve month high of $87.30. The stock has a market cap of $4,031.10, a price-to-earnings ratio of 27.44 and a beta of 1.71.

Brink’s (NYSE:BCO) last released its earnings results on Wednesday, October 25th. The business services provider reported $0.83 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.75 by $0.08. Brink’s had a net margin of 2.51% and a return on equity of 35.15%. The business had revenue of $849.50 million for the quarter, compared to analyst estimates of $841.57 million. During the same period last year, the company posted $0.64 EPS. The business’s revenue was up 12.4% on a year-over-year basis. sell-side analysts forecast that Brink’s will post 3.05 EPS for the current year.

The company also recently declared a quarterly dividend, which was paid on Friday, December 1st. Stockholders of record on Monday, November 13th were given a dividend of $0.15 per share. This represents a $0.60 annualized dividend and a dividend yield of 0.75%. The ex-dividend date was Friday, November 10th. Brink’s’s payout ratio is presently 37.97%.

In related news, CFO Ronald James Domanico bought 3,000 shares of the company’s stock in a transaction that occurred on Thursday, October 26th. The stock was purchased at an average price of $77.49 per share, for a total transaction of $232,470.00. The acquisition was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director Peter A. Feld sold 27,000 shares of Brink’s stock in a transaction that occurred on Monday, September 11th. The shares were sold at an average price of $80.83, for a total transaction of $2,182,410.00. The disclosure for this sale can be found here. In the last ninety days, insiders have bought 15,150 shares of company stock worth $1,163,463. Corporate insiders own 10.40% of the company’s stock.

Institutional investors have recently bought and sold shares of the stock. Prudential Financial Inc. increased its holdings in Brink’s by 22.5% in the 2nd quarter. Prudential Financial Inc. now owns 448,200 shares of the business services provider’s stock valued at $30,029,000 after purchasing an additional 82,220 shares during the last quarter. AHL Partners LLP acquired a new stake in Brink’s in the 2nd quarter valued at approximately $919,000. First Trust Advisors LP increased its holdings in Brink’s by 330.5% in the 2nd quarter. First Trust Advisors LP now owns 43,147 shares of the business services provider’s stock valued at $2,891,000 after purchasing an additional 33,125 shares during the last quarter. Alps Advisors Inc. acquired a new stake in Brink’s in the 2nd quarter valued at approximately $310,000. Finally, State Treasurer State of Michigan acquired a new stake in Brink’s in the 3rd quarter valued at approximately $1,601,000. Hedge funds and other institutional investors own 90.56% of the company’s stock.

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About Brink’s

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.

To view ValuEngine’s full report, visit ValuEngine’s official website.

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