Brink's (BCO) Raised to Buy at Gabelli

Brink's (NYSE:BCO) was upgraded by Gabelli from a “hold” rating to a “buy” rating in a research note issued on Thursday.

A number of other equities research analysts have also commented on the company. Zacks Investment Research lowered Brink's from a “buy” rating to a “hold” rating in a research report on Wednesday, December 27th. ValuEngine lowered Brink's from a “buy” rating to a “hold” rating in a research report on Friday, December 1st. Sidoti initiated coverage on Brink's in a research report on Friday, October 20th. They issued a “buy” rating on the stock. SunTrust Banks reiterated a “buy” rating and issued a $98.00 target price on shares of Brink's in a research report on Wednesday, October 18th. Finally, Imperial Capital reiterated an “outperform” rating and issued a $100.00 target price (up previously from $86.00) on shares of Brink's in a research report on Thursday, January 18th. Two research analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. The stock currently has an average rating of “Buy” and a consensus target price of $97.25.

Shares of Brink's (NYSE BCO) traded down $0.45 during midday trading on Thursday, reaching $74.55. The company had a trading volume of 133,699 shares, compared to its average volume of 383,436. The stock has a market capitalization of $4,104.30, a price-to-earnings ratio of 47.79, a P/E/G ratio of 1.04 and a beta of 1.71. Brink's has a 52-week low of $47.30 and a 52-week high of $88.10. The company has a current ratio of 1.21, a quick ratio of 1.21 and a debt-to-equity ratio of 1.20.

Brink's (NYSE:BCO) last issued its earnings results on Wednesday, February 7th. The business services provider reported $0.95 EPS for the quarter, missing the Zacks’ consensus estimate of $0.96 by ($0.01). The firm had revenue of $903.00 million during the quarter, compared to analysts’ expectations of $851.35 million. Brink's had a net margin of 2.51% and a return on equity of 35.15%. Brink's’s quarterly revenue was up 12.3% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.87 EPS. sell-side analysts anticipate that Brink's will post 3.02 earnings per share for the current year.

In related news, Director George I. Stoeckert acquired 2,700 shares of the stock in a transaction on Tuesday, December 12th. The shares were acquired at an average price of $80.55 per share, for a total transaction of $217,485.00. Following the transaction, the director now owns 12,014 shares in the company, valued at approximately $967,727.70. The purchase was disclosed in a filing with the SEC, which is available through this link. Also, Director George I. Stoeckert acquired 1,000 shares of the stock in a transaction on Friday, December 8th. The stock was bought at an average price of $80.40 per share, for a total transaction of $80,400.00. Following the transaction, the director now owns 12,014 shares in the company, valued at approximately $965,925.60. The disclosure for this purchase can be found here. Corporate insiders own 10.40% of the company’s stock.

A number of institutional investors have recently added to or reduced their stakes in the business. Sei Investments Co. boosted its position in Brink's by 415.6% in the 4th quarter. Sei Investments Co. now owns 71,229 shares of the business services provider’s stock worth $5,606,000 after purchasing an additional 57,413 shares in the last quarter. New Mexico Educational Retirement Board purchased a new stake in Brink's in the 4th quarter worth approximately $984,000. Hood River Capital Management LLC boosted its position in Brink's by 967.0% in the 4th quarter. Hood River Capital Management LLC now owns 144,023 shares of the business services provider’s stock worth $11,335,000 after purchasing an additional 130,525 shares in the last quarter. Swiss National Bank boosted its position in Brink's by 2.5% in the 4th quarter. Swiss National Bank now owns 77,400 shares of the business services provider’s stock worth $6,091,000 after purchasing an additional 1,900 shares in the last quarter. Finally, Teacher Retirement System of Texas boosted its position in Brink's by 317.8% in the 4th quarter. Teacher Retirement System of Texas now owns 15,622 shares of the business services provider’s stock worth $1,229,000 after purchasing an additional 11,883 shares in the last quarter. Institutional investors and hedge funds own 89.35% of the company’s stock.

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About Brink's

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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