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.
COPYRIGHT VIOLATION WARNING: This news story was first posted by Sports Perspectives and is the sole property of of Sports Perspectives. If you are viewing this news story on another domain, it was illegally stolen and reposted in violation of US and international copyright and trademark legislation. The correct version of this news story can be accessed at https://sportsperspectives.com/2017/10/11/brinks-company-the-bco-upgraded-to-strong-buy-by-zacks-investment-research.html.
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.
Receive News & Ratings for Brink's Company (The) Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Brink's Company (The) and related companies with MarketBeat.com's FREE daily email newsletter.