TheStreet Upgrades Brink’s Co. (BCO) to “Buy”
Brink’s Co. (NYSE:BCO) was upgraded by TheStreet from a “hold” rating to a “buy” rating in a research note issued on Monday.
BCO has been the subject of several other research reports. Zacks Investment Research raised shares of Brink’s from a “hold” rating to a “strong-buy” rating and set a $42.00 price target for the company in a research note on Wednesday, September 28th. Macquarie raised their price target on shares of Brink’s from $33.00 to $38.00 and gave the company a “neutral” rating in a research note on Friday, September 16th. Gabelli downgraded shares of Brink’s from a “buy” rating to a “hold” rating in a research note on Monday. Finally, Imperial Capital raised shares of Brink’s from an “in-line” rating to an “outperform” rating and raised their price target for the company from $31.50 to $38.00 in a research note on Wednesday, August 3rd. Two investment analysts have rated the stock with a hold rating and four have given a buy rating to the company. The company has an average 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 52 week low of $25.87 and a 52 week high of $45.10. The firm has a market capitalization of $2.03 billion, a price-to-earnings ratio of 114.33 and a beta of 1.43. The company has a 50-day moving average of $39.86 and a 200-day moving average of $34.51.
Brink’s (NYSE:BCO) last released its quarterly earnings results on Wednesday, October 26th. The company reported $0.64 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.61 by $0.03. The firm earned $756 million during the quarter, compared to the consensus estimate of $737.31 million. Brink’s had a net margin of 0.61% and a return on equity of 26.02%. The company’s revenue for the quarter was down .4% on a year-over-year basis. During the same quarter last year, the firm earned $0.37 earnings per share. On average, equities analysts forecast that Brink’s will post $2.03 earnings per share for the current fiscal year.
The company also recently announced a quarterly dividend, which will be paid on Thursday, December 1st. Investors 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 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%.
A number of institutional investors have recently made changes to their positions in the company. Colony Group LLC purchased a new position in shares of Brink’s during the third quarter worth $1,432,000. Price T Rowe Associates Inc. MD boosted its stake in Brink’s by 16,744.9% in the third quarter. Price T Rowe Associates Inc. MD now owns 2,657,959 shares of the company’s stock worth $98,557,000 after buying an additional 2,642,180 shares during the last quarter. LPL Financial LLC bought a new stake in Brink’s during the third quarter worth approximately $224,000. Cornerstone Capital Management Holdings LLC. boosted its stake in Brink’s by 584.0% in the third quarter. Cornerstone Capital Management Holdings LLC. now owns 67,036 shares of the company’s stock worth $2,485,000 after buying an additional 57,236 shares during the last quarter. Finally, Credit Suisse AG boosted its stake in Brink’s by 13.1% in the third quarter. Credit Suisse AG now owns 71,658 shares of the company’s stock worth $2,658,000 after buying an additional 8,280 shares during the last quarter. 91.27% of the stock is owned by institutional investors and hedge funds.
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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