Zacks Investment Research upgraded shares of Brink's (NYSE:BCO) from a hold rating to a buy rating in a report released on Friday morning. They currently have $82.00 target price on the business services provider’s stock.
According to Zacks, “The Brink’s Company provides secure transportation, cash management services, and other security-related services worldwide. The company offers cash-in-transit services, including armoured 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 services, and first and second line maintenance; and network infrastructure services. It also provides transportation services for valued commodities, including diamonds, jewellery, precious metals, securities, currency, high-tech devices, electronics, and pharmaceuticals; and cash management services, such as money processing, deploying and servicing intelligent safes and safe control devices, integrated check and cash processing services, and check imaging services, as well as cashier balancing, counterfeit detection, account consolidation, and electronic reporting services. “
Other research analysts have also recently issued research reports about the stock. Gabelli upgraded shares of Brink's from a hold rating to a buy rating in a report on Thursday. Imperial Capital reiterated an outperform rating and issued a $100.00 price target (up previously from $86.00) on shares of Brink's in a report on Thursday, January 18th. Sidoti upgraded shares of Brink's from a neutral rating to a buy rating in a report on Thursday, January 11th. ValuEngine cut shares of Brink's from a buy rating to a hold rating in a report on Friday, December 1st. Finally, SunTrust Banks reiterated a buy rating and issued a $98.00 price target on shares of Brink's in a report on Wednesday, October 18th. One analyst has rated the stock with a hold rating and five have given a buy rating to the company. The stock currently has an average rating of Buy and an average price target of $93.50.
Brink's (NYSE:BCO) last issued its quarterly earnings data on Wednesday, February 7th. The business services provider reported $0.95 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.96 by ($0.01). The firm had revenue of $903.00 million for the quarter, compared to analyst estimates of $851.35 million. Brink's had a net margin of 0.50% and a return on equity of 36.76%. The firm’s revenue for the quarter was up 12.3% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.87 EPS. analysts forecast that Brink's will post 3.76 EPS for the current year.
The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, March 1st. Stockholders of record on Thursday, February 8th will be given a $0.15 dividend. This represents a $0.60 dividend on an annualized basis and a dividend yield of 0.79%. The ex-dividend date of this dividend is Wednesday, February 7th. Brink's’s dividend payout ratio is presently 193.55%.
In other Brink's news, CFO Ronald James Domanico acquired 3,500 shares of the business’s stock in a transaction dated Thursday, February 8th. The shares were acquired at an average price of $72.18 per share, with a total value of $252,630.00. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director George I. Stoeckert acquired 1,000 shares of the business’s stock in a transaction dated Friday, December 8th. The stock was acquired at an average cost of $80.40 per share, for a total transaction of $80,400.00. Following the transaction, the director now owns 12,014 shares of the company’s stock, valued at $965,925.60. The disclosure for this purchase can be found here. In the last three months, insiders bought 17,200 shares of company stock worth $1,279,615. 10.40% of the stock is currently owned by insiders.
Several hedge funds have recently made changes to their positions in the company. BlackRock Inc. lifted its position in shares of Brink's by 3.3% in the fourth quarter. BlackRock Inc. now owns 5,669,576 shares of the business services provider’s stock worth $446,196,000 after purchasing an additional 182,730 shares in the last quarter. American Century Companies Inc. lifted its position in shares of Brink's by 4.5% in the third quarter. American Century Companies Inc. now owns 1,178,614 shares of the business services provider’s stock worth $99,298,000 after purchasing an additional 51,181 shares in the last quarter. State Street Corp lifted its position in shares of Brink's by 1.0% in the second quarter. State Street Corp now owns 1,144,733 shares of the business services provider’s stock worth $76,699,000 after purchasing an additional 10,783 shares in the last quarter. Vaughan Nelson Investment Management L.P. lifted its position in shares of Brink's by 25.6% in the fourth quarter. Vaughan Nelson Investment Management L.P. now owns 777,025 shares of the business services provider’s stock worth $61,152,000 after purchasing an additional 158,175 shares in the last quarter. Finally, FMR LLC lifted its position in shares of Brink's by 40.5% in the second quarter. FMR LLC now owns 653,613 shares of the business services provider’s stock worth $43,792,000 after purchasing an additional 188,323 shares in the last quarter. 89.35% of the stock is currently owned by institutional investors and hedge funds.
Brink's Company Profile
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.
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