Brink’s Co. (BCO) Stock Rating Lowered by Gabelli
Brink’s Co. (NYSE:BCO) was downgraded by equities researchers at Gabelli from a “buy” rating to a “hold” rating in a report released on Monday.
A number of other research analysts also recently commented on the stock. Zacks Investment Research raised shares of Brink’s from a “hold” rating to a “strong-buy” rating and set a $42.00 price objective for the company in a research report on Wednesday, September 28th. Imperial Capital raised shares of Brink’s from an “in-line” rating to an “outperform” rating and lifted their price objective for the company from $31.50 to $38.00 in a research report on Wednesday, August 3rd. Finally, Macquarie lifted their price objective on shares of Brink’s from $33.00 to $38.00 and gave the company a “neutral” rating in a research report on Friday, September 16th. Two research analysts have rated the stock with a hold rating and four have issued a buy rating to the company. Brink’s presently has a consensus rating of “Buy” and a consensus target price of $39.50.
Brink’s (NYSE:BCO) opened at 40.70 on Monday. Brink’s has a 12 month low of $25.87 and a 12 month high of $45.10. The company has a 50 day moving average price of $39.86 and a 200 day moving average price of $34.51. The stock has a market capitalization of $2.03 billion, a price-to-earnings ratio of 114.33 and a beta of 1.43.
Brink’s (NYSE:BCO) last announced its quarterly earnings data on Wednesday, October 26th. The company reported $0.64 EPS for the quarter, beating analysts’ consensus estimates of $0.61 by $0.03. Brink’s had a net margin of 0.61% and a return on equity of 26.02%. The company earned $756 million during the quarter, compared to the consensus estimate of $737.31 million. During the same quarter last year, the firm posted $0.37 EPS. The company’s quarterly revenue was down .4% on a year-over-year basis. Equities research analysts predict that Brink’s will post $2.03 earnings per share for the current year.
The business also recently announced a quarterly dividend, which will be paid on Thursday, December 1st. Stockholders of record on Monday, November 14th will be paid a dividend of $0.10 per share. This represents a $0.40 dividend on an annualized basis and a dividend yield of 0.98%. The ex-dividend date of this dividend is Wednesday, November 9th. Brink’s’s dividend payout ratio is presently 111.11%.
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Several hedge funds have recently bought and sold shares of the company. First Citizens Bank & Trust Co. bought a new stake in Brink’s during the second quarter worth about $356,000. Capital Fund Management S.A. acquired a new stake in shares of Brink’s during the second quarter valued at $339,000. American Century Companies Inc. boosted its stake in shares of Brink’s by 68.5% in the second quarter. American Century Companies Inc. now owns 788,994 shares of the company’s stock valued at $22,478,000 after buying an additional 320,796 shares during the period. Strs Ohio boosted its stake in shares of Brink’s by 7.3% in the second quarter. Strs Ohio now owns 33,900 shares of the company’s stock valued at $965,000 after buying an additional 2,300 shares during the period. Finally, Stoneridge Investment Partners LLC acquired a new stake in shares of Brink’s during the second quarter valued at $328,000. Institutional investors own 91.27% 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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