Brink’s (NYSE:BCO) Stock Dropped to “Strong Sell” by Zacks Research

Zacks Research downgraded shares of Brink’s (NYSE:BCO) from a hold rating to a strong sell rating in a research report report published on Thursday,Zacks reports.

Other equities analysts have also recently issued reports about the company. Weiss Ratings cut Brink’s from a “hold (c+)” rating to a “hold (c)” rating in a research report on Thursday, October 8th. Wall Street Zen lowered Brink’s from a “buy” rating to a “hold” rating in a report on Saturday. Two research analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat.com, the company has an average rating of “Hold” and an average target price of $154.00.

Brink’s Price Performance

Brink’s stock traded up $0.46 during trading hours on Thursday, hitting $110.44. 517,978 shares of the company traded hands, compared to its average volume of 482,557. Brink’s has a 1-year low of $91.05 and a 1-year high of $136.37. The firm has a market cap of $4.55 billion, a P/E ratio of 28.99 and a beta of 0.95. The firm’s 50-day simple moving average is $106.34 and its two-hundred day simple moving average is $110.22. The company has a quick ratio of 1.62, a current ratio of 1.62 and a debt-to-equity ratio of 8.80.

Brink’s (NYSE:BCO) last issued its quarterly earnings results on Wednesday, November 4th. The business services provider reported $2.46 earnings per share for the quarter, topping analysts’ consensus estimates of $2.21 by $0.25. Brink’s had a net margin of 3.30% and a return on equity of 87.18%. The company had revenue of $1.37 billion during the quarter, compared to analyst estimates of $1.39 billion. During the same period in the prior year, the business posted $2.08 EPS. The business’s revenue for the quarter was up 3.0% compared to the same quarter last year. As a group, analysts forecast that Brink’s will post 8.99 earnings per share for the current fiscal year.

Brink’s Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, December 1st. Shareholders of record on Monday, November 2nd will be given a $0.2550 dividend. The ex-dividend date is Monday, November 2nd. This represents a $1.02 annualized dividend and a yield of 0.9%. Brink’s’s payout ratio is 26.77%.

Institutional Investors Weigh In On Brink’s

Several large investors have recently modified their holdings of BCO. NFSG Corp acquired a new position in shares of Brink’s in the 1st quarter worth $32,000. Public Employees Retirement System of Ohio purchased a new stake in shares of Brink’s during the second quarter valued at $75,000. Rockefeller Capital Management L.P. boosted its position in shares of Brink’s by 29.6% in the 4th quarter. Rockefeller Capital Management L.P. now owns 950 shares of the business services provider’s stock valued at $111,000 after purchasing an additional 217 shares during the period. Nykredit A S acquired a new position in shares of Brink’s in the 2nd quarter valued at $111,000. Finally, Valley National Advisers Inc. acquired a new position in shares of Brink’s in the 3rd quarter valued at $126,000. 94.96% of the stock is owned by institutional investors.

About Brink’s

Brink’s Company (NYSE: BCO) is a global provider of security and logistics services. The company helps businesses, financial institutions, retailers, governments and other organizations protect, transport and manage cash, valuables and other high-value assets.

Its services include secure transportation, cash-in-transit operations, ATM replenishment and servicing, cash processing, vaulting, cash management and related payment services. Brink’s also provides international logistics for precious metals, jewelry, gemstones, artwork and other valuables through its Brink’s Global Services business.

Founded in 1859, Brink’s serves customers across North America, Latin America, Europe, the Middle East, Africa and the Asia-Pacific region through a worldwide network of employees, vehicles and facilities.