Brink’s Company (The) (BCO) Upgraded to Strong-Buy by Zacks Investment Research

Zacks Investment Research upgraded shares of Brink’s Company (The) (NYSE:BCO) from a hold rating to a strong-buy rating in a research note issued to investors on Tuesday morning. They currently have $97.00 target price on the business services provider’s stock.

According to Zacks, “The Brink’s Company is a global leader in business and security services. Their three main businesses are Brink’s, Incorporated, the world’s premier provider of secure transportation and cash management services; Brink’s Home Security, one of the largest and most successful residential alarm companies in North America; and BAX Global, an industry leader in global supply chain management. “

Other equities analysts have also recently issued reports about the company. Imperial Capital upgraded Brink’s Company (The) from an in-line rating to an outperform rating and increased their price target for the stock from $72.00 to $86.00 in a report on Wednesday, August 9th. ValuEngine cut Brink’s Company (The) from a buy rating to a hold rating in a report on Monday, October 2nd. Two research analysts have rated the stock with a hold rating, four have assigned a buy rating and one has issued a strong buy rating to the company’s stock. The stock currently has a consensus rating of Buy and a consensus price target of $91.50.

Shares of Brink’s Company (NYSE BCO) traded up 1.07% during mid-day trading on Tuesday, hitting $84.95. 23,972 shares of the stock were exchanged. Brink’s Company has a 12 month low of $36.24 and a 12 month high of $85.15. The stock has a market cap of $4.29 billion, a price-to-earnings ratio of 49.10 and a beta of 1.70. The company has a 50-day moving average price of $80.53 and a 200-day moving average price of $69.07.

Brink’s Company (The) (NYSE:BCO) last released its quarterly earnings results on Wednesday, July 26th. The business services provider reported $0.64 earnings per share for the quarter, topping analysts’ consensus estimates of $0.46 by $0.18. The business had revenue of $806.00 million during the quarter, compared to analysts’ expectations of $730.87 million. Brink’s Company (The) had a return on equity of 34.49% and a net margin of 2.73%. The company’s revenue was up 9.0% compared to the same quarter last year. During the same period in the prior year, the business posted $0.38 EPS. Equities analysts expect that Brink’s Company will post $3.02 earnings per share for the current year.

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In related news, Director Peter A. Feld sold 75,000 shares of the firm’s stock in a transaction dated Wednesday, August 23rd. The stock was sold at an average price of $75.72, for a total transaction of $5,679,000.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Peter A. Feld sold 27,000 shares of the firm’s stock in a transaction dated Monday, September 11th. The shares were sold at an average price of $80.83, for a total value of $2,182,410.00. The disclosure for this sale can be found here. Insiders have sold a total of 501,415 shares of company stock valued at $38,681,954 over the last 90 days. 10.40% of the stock is currently owned by company insiders.

A number of institutional investors have recently made changes to their positions in BCO. BlackRock Inc. boosted its holdings in Brink’s Company (The) by 118,199.8% during the 1st quarter. BlackRock Inc. now owns 5,447,704 shares of the business services provider’s stock valued at $291,179,000 after acquiring an additional 5,443,099 shares during the period. Thrivent Financial For Lutherans boosted its holdings in Brink’s Company (The) by 2,932.2% during the 2nd quarter. Thrivent Financial For Lutherans now owns 773,525 shares of the business services provider’s stock valued at $51,827,000 after acquiring an additional 748,015 shares during the period. American Century Companies Inc. boosted its holdings in Brink’s Company (The) by 148.7% during the 2nd quarter. American Century Companies Inc. now owns 1,127,433 shares of the business services provider’s stock valued at $75,538,000 after acquiring an additional 674,096 shares during the period. Vaughan Nelson Investment Management L.P. purchased a new position in Brink’s Company (The) during the 2nd quarter valued at about $40,125,000. Finally, Principal Financial Group Inc. boosted its holdings in Brink’s Company (The) by 128.6% during the 2nd quarter. Principal Financial Group Inc. now owns 807,295 shares of the business services provider’s stock valued at $54,089,000 after acquiring an additional 454,097 shares during the period. Institutional investors own 89.85% of the company’s stock.

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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