Brink’s (NYSE:BCO) Upgraded to Strong-Buy at Wall Street Zen

Wall Street Zen upgraded shares of Brink’s (NYSE:BCO) from a buy rating to a strong-buy rating in a research note published on Sunday morning.

BCO has been the subject of a number of other reports. The Goldman Sachs Group lifted their price objective on shares of Brink’s from $129.00 to $145.00 and gave the stock a “buy” rating in a research note on Monday, March 2nd. Truist Financial upped their target price on shares of Brink’s from $138.00 to $163.00 and gave the company a “buy” rating in a research report on Tuesday, February 10th. Three equities research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $154.00.

Brink’s Stock Down 0.2%

NYSE BCO opened at $107.07 on Friday. The stock has a 50 day moving average price of $124.67 and a 200-day moving average price of $118.12. Brink’s has a one year low of $80.10 and a one year high of $136.37. The company has a debt-to-equity ratio of 9.35, a quick ratio of 1.51 and a current ratio of 1.51. The company has a market capitalization of $4.41 billion, a P/E ratio of 22.83 and a beta of 1.09.

Brink’s (NYSE:BCO) last announced its quarterly earnings results on Thursday, February 26th. The business services provider reported $2.54 earnings per share for the quarter, topping the consensus estimate of $2.47 by $0.07. The company had revenue of $1.38 billion for the quarter, compared to analysts’ expectations of $1.35 billion. Brink’s had a net margin of 3.80% and a return on equity of 89.90%. Brink’s’s quarterly revenue was up 9.1% on a year-over-year basis. During the same quarter in the previous year, the business posted $2.12 earnings per share. As a group, equities analysts predict that Brink’s will post 6.49 EPS for the current fiscal year.

Brink’s Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Monday, March 2nd. Investors of record on Monday, February 2nd were given a $0.255 dividend. The ex-dividend date was Monday, February 2nd. This represents a $1.02 dividend on an annualized basis and a yield of 1.0%. Brink’s’s dividend payout ratio (DPR) is currently 21.75%.

Brink’s announced that its Board of Directors has authorized a stock buyback plan on Thursday, December 11th that permits the company to repurchase $750.00 million in outstanding shares. This repurchase authorization permits the business services provider to buy up to 15.4% of its shares through open market purchases. Shares repurchase plans are typically an indication that the company’s management believes its stock is undervalued.

Hedge Funds Weigh In On Brink’s

Several hedge funds have recently added to or reduced their stakes in BCO. Norges Bank purchased a new stake in Brink’s in the 4th quarter worth about $61,105,000. Simcoe Capital Management LLC purchased a new position in shares of Brink’s during the second quarter valued at approximately $43,465,000. Northwestern Mutual Wealth Management Co. grew its stake in shares of Brink’s by 385,161.2% during the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 446,903 shares of the business services provider’s stock valued at $52,167,000 after buying an additional 446,787 shares during the last quarter. Nuveen LLC raised its holdings in shares of Brink’s by 229.7% in the fourth quarter. Nuveen LLC now owns 420,297 shares of the business services provider’s stock worth $49,061,000 after buying an additional 292,829 shares during the period. Finally, Boston Partners raised its holdings in shares of Brink’s by 80.3% in the second quarter. Boston Partners now owns 548,366 shares of the business services provider’s stock worth $48,916,000 after buying an additional 244,242 shares during the period. 94.96% of the stock is currently owned by institutional investors.

Brink’s Company Profile

The Brink’s Company (NYSE: BCO) is a global leader in secure logistics and cash management solutions. The company provides a comprehensive suite of services that span armored transportation, cash-in-transit (CIT), ATM services, smart safe solutions, and valuables storage. Through its network of service centers and armored vehicles, Brink’s ensures the safe and efficient movement of currency, precious metals, and other high-value assets for banks, retailers, mints, and government agencies.

Brink’s armored transport operations are complemented by technology-driven cash management offerings, including deposit automation and secure vaulting.