Brink's Company (NYSE:BCO) has been given an average rating of “Hold” by the six analysts that are currently covering the firm. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating and three have given a buy rating to the company. The average 1 year price objective among brokerages that have updated their coverage on the stock in the last year is $52.00.
Several brokerages recently commented on BCO. Zacks Investment Research lowered shares of Brink's Company from a “hold” rating to a “strong sell” rating in a research note on Friday, February 10th. SunTrust Banks, Inc. began coverage on shares of Brink's Company in a research note on Monday, February 27th. They set a “buy” rating on the stock. Finally, Imperial Capital lifted their price target on shares of Brink's Company to $52.00 and gave the stock an “in-line” rating in a research note on Thursday, February 9th.
In other Brink's Company news, insider Thomas Colan sold 966 shares of Brink's Company stock in a transaction dated Tuesday, March 7th. The shares were sold at an average price of $52.40, for a total transaction of $50,618.40. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Peter A. Feld sold 650,000 shares of Brink's Company stock in a transaction dated Thursday, February 23rd. The stock was sold at an average price of $51.80, for a total transaction of $33,670,000.00. The disclosure for this sale can be found here. In the last ninety days, insiders bought 55,000 shares of company stock worth $2,861,769 and sold 1,560,966 shares worth $81,481,118. 11.29% of the stock is owned by insiders.
A number of institutional investors have recently made changes to their positions in BCO. Ngam Advisors L.P. boosted its position in shares of Brink's Company by 36.2% in the third quarter. Ngam Advisors L.P. now owns 17,875 shares of the business services provider’s stock worth $663,000 after buying an additional 4,749 shares during the last quarter. JPMorgan Chase & Co. raised its position in Brink's Company by 32.1% in the third quarter. JPMorgan Chase & Co. now owns 219,804 shares of the business services provider’s stock worth $8,150,000 after buying an additional 53,424 shares in the last quarter. TD Asset Management Inc. purchased a new position in Brink's Company during the third quarter worth $1,294,000. Aperio Group LLC raised its position in Brink's Company by 5.4% in the third quarter. Aperio Group LLC now owns 13,078 shares of the business services provider’s stock worth $485,000 after buying an additional 670 shares in the last quarter. Finally, First Trust Advisors LP purchased a new position in Brink's Company during the third quarter worth $364,000. Institutional investors own 93.20% of the company’s stock.
Shares of Brink's Company (NYSE:BCO) traded down 0.96% during trading on Tuesday, reaching $56.55. The company had a trading volume of 124,433 shares. The company’s 50 day moving average is $53.65 and its 200-day moving average is $45.42. The stock has a market capitalization of $2.83 billion, a price-to-earnings ratio of 82.43 and a beta of 1.40. Brink's Company has a 1-year low of $26.86 and a 1-year high of $57.90.
Brink's Company (NYSE:BCO) last announced its quarterly earnings data on Wednesday, February 8th. The business services provider reported $0.87 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.72 by $0.15. Brink's Company had a net margin of 1.14% and a return on equity of 29.99%. The business had revenue of $768 million for the quarter, compared to analyst estimates of $735.34 million. During the same period last year, the business earned $0.55 EPS. The company’s revenue was up 5.0% on a year-over-year basis. On average, equities research analysts anticipate that Brink's Company will post $2.51 earnings per share for the current year.
About Brink's Company
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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