Brokerages Set Brink’s (BCO) Price Target at $96.67

Shares of Brink’s (NYSE:BCO) have been assigned a consensus recommendation of “Buy” from the seven brokerages that are currently covering the firm, MarketBeat.com reports. One equities research analyst has rated the stock with a sell recommendation, one has given a hold recommendation and four have given a buy recommendation to the company. The average 12 month price target among analysts that have issued a report on the stock in the last year is $96.67.

BCO has been the topic of several analyst reports. ValuEngine raised Brink’s from a “sell” rating to a “hold” rating in a research report on Saturday, October 27th. SunTrust Banks cut their target price on Brink’s to $90.00 and set a “buy” rating on the stock in a research report on Monday, October 15th. Finally, Zacks Investment Research raised Brink’s from a “sell” rating to a “hold” rating in a research report on Friday, January 4th.

NYSE BCO opened at $71.89 on Thursday. The company has a market cap of $3.64 billion, a PE ratio of 23.73, a P/E/G ratio of 1.08 and a beta of 1.51. The company has a debt-to-equity ratio of 5.89, a quick ratio of 1.53 and a current ratio of 1.53. Brink’s has a fifty-two week low of $59.08 and a fifty-two week high of $86.85.

Brink’s (NYSE:BCO) last released its earnings results on Wednesday, October 24th. The business services provider reported $0.91 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.80 by $0.11. The firm had revenue of $852.00 million for the quarter, compared to the consensus estimate of $843.96 million. Brink’s had a positive return on equity of 56.86% and a negative net margin of 3.46%. The company’s revenue for the quarter was up .3% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.83 EPS. On average, equities analysts expect that Brink’s will post 3.32 earnings per share for the current year.

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, March 1st. Shareholders of record on Friday, February 8th will be given a $0.15 dividend. This represents a $0.60 annualized dividend and a yield of 0.83%. The ex-dividend date is Thursday, February 7th. Brink’s’s dividend payout ratio (DPR) is presently 19.80%.

A number of institutional investors have recently made changes to their positions in the business. BlackRock Inc. grew its position in Brink’s by 1.5% in the 3rd quarter. BlackRock Inc. now owns 5,699,653 shares of the business services provider’s stock valued at $397,550,000 after acquiring an additional 84,498 shares during the last quarter. Greencape Capital Pty Ltd grew its position in Brink’s by 6.3% in the 3rd quarter. Greencape Capital Pty Ltd now owns 1,811,231 shares of the business services provider’s stock valued at $126,333,000 after acquiring an additional 107,011 shares during the last quarter. Fuller & Thaler Asset Management Inc. grew its position in Brink’s by 8.1% in the 3rd quarter. Fuller & Thaler Asset Management Inc. now owns 1,398,367 shares of the business services provider’s stock valued at $97,536,000 after acquiring an additional 105,235 shares during the last quarter. FMR LLC grew its position in Brink’s by 29.3% in the 3rd quarter. FMR LLC now owns 1,008,498 shares of the business services provider’s stock valued at $70,343,000 after acquiring an additional 228,626 shares during the last quarter. Finally, Northern Trust Corp grew its position in Brink’s by 7.9% in the 2nd quarter. Northern Trust Corp now owns 803,368 shares of the business services provider’s stock valued at $64,068,000 after acquiring an additional 58,759 shares during the last quarter. 98.67% of the stock is currently owned by institutional investors.

About Brink’s

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.

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