Brink's (BCO) Stock Rating Lowered by Zacks Investment Research

Brink's (NYSE:BCO) was downgraded by Zacks Investment Research from a “buy” rating to a “hold” rating in a report released on Friday.

According to Zacks, “The Brink’s Company provides secure transportation, cash management services, and other security-related services worldwide. The company offers cash-in-transit services, including armoured 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 services, and first and second line maintenance; and network infrastructure services. It also provides transportation services for valued commodities, including diamonds, jewellery, precious metals, securities, currency, high-tech devices, electronics, and pharmaceuticals; and cash management services, such as money processing, deploying and servicing intelligent safes and safe control devices, integrated check and cash processing services, and check imaging services, as well as cashier balancing, counterfeit detection, account consolidation, and electronic reporting services. “

Several other research firms also recently issued reports on BCO. SunTrust Banks reissued a “buy” rating and issued a $98.00 price target on shares of Brink's in a research note on Wednesday, October 18th. Sidoti reissued a “neutral” rating and issued a $94.00 price target on shares of Brink's in a research note on Friday, December 15th. ValuEngine downgraded Brink's from a “buy” rating to a “hold” rating in a research note on Monday, October 2nd. Finally, Imperial Capital lifted their price target on Brink's from $86.00 to $100.00 and gave the company an “outperform” rating in a research note on Thursday. Two analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. The stock currently has an average rating of “Buy” and a consensus price target of $97.25.

Shares of Brink's (NYSE BCO) opened at $85.85 on Friday. Brink's has a 12 month low of $42.28 and a 12 month high of $87.89. The stock has a market capitalization of $4,330.00, a PE ratio of 52.99, a price-to-earnings-growth ratio of 1.09 and a beta of 1.71. The company has a quick ratio of 1.21, a current ratio of 1.21 and a debt-to-equity ratio of 1.20.

Brink's (NYSE:BCO) last released its quarterly earnings results on Wednesday, October 25th. The business services provider reported $0.83 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.75 by $0.08. Brink's had a return on equity of 35.15% and a net margin of 2.51%. The firm had revenue of $849.50 million for the quarter, compared to the consensus estimate of $841.57 million. During the same quarter last year, the business posted $0.64 EPS. The company’s revenue for the quarter was up 12.4% on a year-over-year basis. equities research analysts forecast that Brink's will post 3.02 earnings per share for the current fiscal year.

In related news, Director George I. Stoeckert bought 1,000 shares of the stock in a transaction that occurred on Friday, December 8th. The shares were acquired at an average price of $80.40 per share, with a total value of $80,400.00. Following the completion of the transaction, the director now owns 12,014 shares in the company, valued at $965,925.60. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, CFO Ronald James Domanico bought 3,000 shares of the stock in a transaction that occurred on Thursday, October 26th. The stock was bought at an average cost of $77.49 per share, for a total transaction of $232,470.00. The disclosure for this purchase can be found here. In the last ninety days, insiders purchased 18,850 shares of company stock worth $1,461,348. 10.40% of the stock is owned by company insiders.

Large investors have recently added to or reduced their stakes in the stock. AHL Partners LLP acquired a new stake in shares of Brink's in the second quarter valued at about $919,000. JPMorgan Chase & Co. increased its position in shares of Brink's by 101.1% in the third quarter. JPMorgan Chase & Co. now owns 224,285 shares of the business services provider’s stock valued at $18,582,000 after acquiring an additional 112,757 shares during the last quarter. Alps Advisors Inc. increased its position in shares of Brink's by 126.8% in the third quarter. Alps Advisors Inc. now owns 10,493 shares of the business services provider’s stock valued at $884,000 after acquiring an additional 5,866 shares during the last quarter. ING Groep NV acquired a new stake in shares of Brink's in the third quarter valued at about $521,000. Finally, Capital Growth Management LP increased its position in Brink's by 50.0% during the third quarter. Capital Growth Management LP now owns 15,000 shares of the business services provider’s stock worth $1,264,000 after buying an additional 5,000 shares during the last quarter. 90.55% of the stock is currently owned by institutional investors and hedge funds.

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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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