Brink’s (NYSE:BCO) was downgraded by Zacks Investment Research from a “hold” rating to a “sell” rating in a research note issued to investors on Friday.
According to Zacks, “The Brink’s Company is the world’s largest cash management company. Brinks customers include financial institutions, retailers, government agencies (including central banks and mints), jewelers and other commercial operations around the world. Brinks strong market position is supported by a new leadership with a proven track record of success, a strategic long-term strategy to drive growth and the financial strength to continue to capture market share. Brinks culture of continuous improvement is supported by a global team dedicated to providing exceptional customer support. Brink’s is a global leader in business and security services. The Company’s three 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 freight transportation and global supply chain management solutions. “
Get Brink's alerts:A number of other equities research analysts have also recently issued reports on the stock. Buckingham Research initiated coverage on shares of Brink’s in a research report on Monday, March 26th. They set a “buy” rating and a $100.00 target price for the company. ValuEngine upgraded shares of Brink’s from a “hold” rating to a “buy” rating in a research report on Friday, April 6th. Finally, TheStreet upgraded shares of Brink’s from a “c+” rating to a “b-” rating in a research report on Tuesday, June 12th. One investment analyst has rated the stock with a sell rating and six have assigned a buy rating to the stock. The company presently has an average rating of “Buy” and an average price target of $96.80.
Shares of Brink’s traded up $0.05, reaching $80.30, during mid-day trading on Friday, Marketbeat.com reports. 239,668 shares of the stock were exchanged, compared to its average volume of 467,375. The stock has a market capitalization of $4.12 billion, a P/E ratio of 26.50, a price-to-earnings-growth ratio of 1.10 and a beta of 1.78. The company has a quick ratio of 1.77, a current ratio of 1.77 and a debt-to-equity ratio of 3.10. Brink’s has a fifty-two week low of $67.57 and a fifty-two week high of $88.10.
Brink’s (NYSE:BCO) last announced its earnings results on Wednesday, April 25th. The business services provider reported $0.65 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.63 by $0.02. The business had revenue of $853.00 million during the quarter, compared to analysts’ expectations of $802.83 million. Brink’s had a net margin of 0.12% and a return on equity of 39.12%. The firm’s revenue for the quarter was up 8.2% on a year-over-year basis. During the same quarter last year, the company posted $0.57 EPS. equities analysts anticipate that Brink’s will post 3.75 earnings per share for the current year.
In other Brink’s news, SVP Mcalister C. Marshall II sold 18,163 shares of the firm’s stock in a transaction dated Tuesday, June 12th. The shares were sold at an average price of $79.76, for a total value of $1,448,680.88. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Thomas Colan sold 9,197 shares of the firm’s stock in a transaction dated Friday, June 1st. The shares were sold at an average price of $79.00, for a total transaction of $726,563.00. The disclosure for this sale can be found here. Insiders sold a total of 33,280 shares of company stock valued at $2,641,009 in the last 90 days. Corporate insiders own 2.48% of the company’s stock.
A number of institutional investors and hedge funds have recently bought and sold shares of the business. Mount Yale Investment Advisors LLC bought a new position in shares of Brink’s in the 1st quarter valued at about $132,000. Fortaleza Asset Management Inc. bought a new position in shares of Brink’s in the 2nd quarter valued at about $192,000. World Asset Management Inc bought a new position in shares of Brink’s in the 2nd quarter valued at about $200,000. Silvant Capital Management LLC bought a new position in shares of Brink’s in the 1st quarter valued at about $190,000. Finally, Hilltop Holdings Inc. bought a new position in shares of Brink’s in the 1st quarter valued at about $220,000. Hedge funds and other institutional investors own 90.73% of the company’s stock.
Brink’s Company Profile
The Brink's Company provides secure transportation, cash management, and other security-related services worldwide. The company offers cash-in-transit services, including armored vehicle transportation of valuables; automated teller machine (ATM) services, such as cash replenishment, replenishment forecasting, cash optimization, ATM remote monitoring, service call dispatching, transaction processing, installation, and first and second line maintenance; and network infrastructure services.
Further Reading: Stock Ratings and Recommendations: Understanding Analyst Upgrades and Downgrades
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