Brink’s Company (The) (BCO) Given Average Recommendation of “Buy” by Brokerages
Shares of Brink’s Company (The) (NYSE:BCO) have been assigned an average recommendation of “Buy” from the seven brokerages that are presently covering the stock, Marketbeat.com reports. Two research analysts have rated the stock with a hold rating and five have issued a buy rating on the company. The average 1-year price objective among brokerages that have issued a report on the stock in the last year is $86.00.
BCO has been the topic of a number of recent analyst reports. Zacks Investment Research downgraded shares of Brink’s Company (The) from a “strong-buy” rating to a “hold” rating in a research note on Monday, September 18th. ValuEngine raised shares of Brink’s Company (The) from a “hold” rating to a “buy” rating in a research note on Friday, September 1st. Finally, Imperial Capital raised their target price on shares of Brink’s Company (The) from $65.00 to $72.00 and gave the company an “outperform” rating in a research note on Monday, July 17th.
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Brink’s Company (NYSE BCO) opened at 84.25 on Friday. The firm has a market capitalization of $4.25 billion, a PE ratio of 50.15 and a beta of 1.73. Brink’s Company has a 52-week low of $36.04 and a 52-week high of $84.40. The company’s 50-day moving average is $77.72 and its 200-day moving average is $65.75.
Brink’s Company (The) (NYSE:BCO) last announced its earnings results on Wednesday, July 26th. The business services provider reported $0.64 earnings per share for the quarter, beating analysts’ consensus estimates of $0.46 by $0.18. The business had revenue of $806.00 million for the quarter, compared to the consensus estimate of $730.87 million. Brink’s Company (The) had a net margin of 2.73% and a return on equity of 34.49%. Brink’s Company (The)’s quarterly revenue was up 9.0% on a year-over-year basis. During the same period last year, the firm posted $0.38 earnings per share. Analysts forecast that Brink’s Company will post $3.02 EPS for the current fiscal year.
The business also recently announced a quarterly dividend, which was paid on Friday, September 1st. Investors of record on Thursday, July 27th were paid a $0.15 dividend. This represents a $0.60 dividend on an annualized basis and a yield of 0.71%. The ex-dividend date was Tuesday, July 25th. Brink’s Company (The)’s dividend payout ratio is currently 35.71%.
In related news, Director Peter A. Feld sold 86,151 shares of the firm’s stock in a transaction that occurred on Monday, July 31st. The shares were sold at an average price of $78.18, for a total value of $6,735,285.18. The sale was disclosed in a filing with the SEC, which is available through this link. Also, SVP Mcalister C. Marshall II sold 13,500 shares of the firm’s stock in a transaction that occurred on Friday, August 4th. The shares were sold at an average price of $76.96, for a total transaction of $1,038,960.00. The disclosure for this sale can be found here. Insiders sold 501,415 shares of company stock worth $38,681,954 over the last ninety days. 10.40% of the stock is currently owned by insiders.
A number of institutional investors and hedge funds have recently made changes to their positions in BCO. Tower Research Capital LLC TRC raised its stake in shares of Brink’s Company (The) by 285.0% during the second quarter. Tower Research Capital LLC TRC now owns 1,540 shares of the business services provider’s stock worth $103,000 after acquiring an additional 1,140 shares in the last quarter. Daiwa Securities Group Inc. purchased a new position in shares of Brink’s Company (The) during the second quarter worth approximately $114,000. Barrow Hanley Mewhinney & Strauss LLC purchased a new position in shares of Brink’s Company (The) during the first quarter worth approximately $153,000. Seven Eight Capital LP purchased a new position in shares of Brink’s Company (The) during the second quarter worth approximately $154,000. Finally, Zurcher Kantonalbank Zurich Cantonalbank raised its stake in shares of Brink’s Company (The) by 93.6% during the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 2,313 shares of the business services provider’s stock worth $155,000 after acquiring an additional 1,118 shares in the last quarter. 89.74% of the stock is currently owned by institutional investors and hedge funds.
About Brink’s Company (The)
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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