Brink’s Co. (BCO) Upgraded to Strong-Buy at Zacks Investment Research
Zacks Investment Research upgraded shares of Brink’s Co. (NYSE:BCO) from a hold rating to a strong-buy rating in a research report report published on Wednesday morning. The brokerage currently has $42.00 price target on the stock.
According to Zacks, “The Brink’s Company is a global leader in business and security services. Their three main 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 global supply chain management. “
Other analysts also recently issued research reports about the company. Imperial Capital raised Brink’s from an in-line rating to an outperform rating and lifted their target price for the company from $31.50 to $38.00 in a research report on Wednesday, August 3rd. Macquarie lifted their price target on Brink’s from $33.00 to $38.00 and gave the stock a neutral rating in a report on Friday, September 16th.
Brink’s (NYSE:BCO) opened at 36.61 on Wednesday. The firm has a market capitalization of $1.81 billion, a price-to-earnings ratio of 1926.84 and a beta of 1.52. The firm has a 50-day moving average price of $36.49 and a 200 day moving average price of $32.46. Brink’s has a 12 month low of $25.87 and a 12 month high of $37.92.
Brink’s (NYSE:BCO) last released its earnings results on Thursday, July 28th. The company reported $0.38 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.26 by $0.12. The business had revenue of $739.50 million for the quarter, compared to the consensus estimate of $699.03 million. Brink’s had a return on equity of 22.23% and a net margin of 0.04%. Brink’s’s quarterly revenue was down 2.7% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.27 earnings per share. On average, equities analysts forecast that Brink’s will post $2.00 EPS for the current year.
The business also recently declared a quarterly dividend, which was paid on Thursday, September 1st. Investors of record on Tuesday, July 26th were paid a $0.10 dividend. This represents a $0.40 annualized dividend and a dividend yield of 1.09%. The ex-dividend date of this dividend was Friday, July 22nd. Brink’s’s dividend payout ratio (DPR) is currently 1,333.33%.
In related news, CFO Ronald James Domanico purchased 16,744 shares of the business’s stock in a transaction that occurred on Thursday, July 14th. The stock was acquired at an average cost of $29.86 per share, for a total transaction of $499,975.84. Following the completion of the purchase, the chief financial officer now owns 16,744 shares in the company, valued at approximately $499,975.84. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Amit Zukerman sold 10,518 shares of the business’s stock in a transaction that occurred on Wednesday, August 10th. The shares were sold at an average price of $36.69, for a total value of $385,905.42. The disclosure for this sale can be found here. 11.29% of the stock is owned by corporate insiders.
Several large investors have recently modified their holdings of the stock. Sei Investments Co. boosted its stake in shares of Brink’s by 58.0% in the second quarter. Sei Investments Co. now owns 4,370 shares of the company’s stock valued at $124,000 after buying an additional 1,605 shares during the period. BlackRock Inc. boosted its stake in shares of Brink’s by 29.5% in the first quarter. BlackRock Inc. now owns 4,408 shares of the company’s stock valued at $147,000 after buying an additional 1,003 shares during the period. Tower Research Capital LLC TRC bought a new stake in shares of Brink’s during the second quarter valued at about $156,000. Cutler Group LP boosted its stake in shares of Brink’s by 69.9% in the first quarter. Cutler Group LP now owns 6,023 shares of the company’s stock valued at $202,000 after buying an additional 2,479 shares during the period. Finally, Teacher Retirement System of Texas boosted its stake in shares of Brink’s by 8.1% in the second quarter. Teacher Retirement System of Texas now owns 6,171 shares of the company’s stock valued at $176,000 after buying an additional 461 shares during the period. Institutional investors and hedge funds own 93.07% of the company’s stock.
Brink’s Company Profile
The Brink’s Company (Brink’s) is a provider of logistics and security solutions. The Company’s solutions include cash-in-transit, automated teller machine (ATM) replenishment and maintenance, international transportation of valuables, cash management and payment services, to financial institutions, retailers, government agencies (including central banks), mints, jewelers and other commercial operations around the world.
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