Brink’s Company (The) (NYSE:BCO) has been assigned an average rating of “Buy” from the seven analysts that are currently covering the stock, MarketBeat Ratings reports. One analyst has rated the stock with a hold rating and six have issued a buy rating on the company. The average 12 month target price among brokers that have updated their coverage on the stock in the last year is $77.00.
Several research analysts recently commented on the stock. Imperial Capital raised shares of Brink’s Company (The) from an “in-line” rating to an “outperform” rating and raised their price objective for the stock from $72.00 to $86.00 in a report on Wednesday, August 9th. ValuEngine raised shares of Brink’s Company (The) from a “hold” rating to a “buy” rating in a report on Friday, September 1st.
In other Brink’s Company (The) news, SVP Mcalister C. Marshall II sold 13,500 shares of the firm’s stock in a transaction on Friday, August 4th. The shares were sold at an average price of $76.96, for a total value of $1,038,960.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Peter A. Feld sold 475,000 shares of the firm’s stock in a transaction on Monday, June 12th. The shares were sold at an average price of $65.17, for a total transaction of $30,955,750.00. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 949,415 shares of company stock valued at $67,455,294. 10.40% of the stock is owned by insiders.
A number of large investors have recently made changes to their positions in BCO. BlackRock Inc. boosted its holdings in Brink’s Company (The) by 118,199.8% in the 1st quarter. BlackRock Inc. now owns 5,447,704 shares of the business services provider’s stock valued at $291,179,000 after purchasing an additional 5,443,099 shares during the period. Wells Fargo & Company MN boosted its holdings in Brink’s Company (The) by 2,351.9% in the 1st quarter. Wells Fargo & Company MN now owns 1,217,418 shares of the business services provider’s stock valued at $65,071,000 after purchasing an additional 1,167,765 shares during the period. Thrivent Financial For Lutherans boosted its holdings in Brink’s Company (The) by 2,932.2% in the 2nd quarter. Thrivent Financial For Lutherans now owns 773,525 shares of the business services provider’s stock valued at $51,827,000 after purchasing an additional 748,015 shares during the period. American Century Companies Inc. boosted its holdings in Brink’s Company (The) by 148.7% in the 2nd quarter. American Century Companies Inc. now owns 1,127,433 shares of the business services provider’s stock valued at $75,538,000 after purchasing an additional 674,096 shares during the period. Finally, Vaughan Nelson Investment Management L.P. bought a new position in Brink’s Company (The) in the 2nd quarter valued at $40,125,000. 89.74% of the stock is owned by hedge funds and other institutional investors.
Shares of Brink’s Company (BCO) traded up 0.37% during midday trading on Tuesday, hitting $80.85. The company had a trading volume of 215,383 shares. Brink’s Company has a 12-month low of $33.99 and a 12-month high of $81.35. The company’s 50-day moving average price is $76.74 and its 200 day moving average price is $64.15. The company has a market capitalization of $4.08 billion, a price-to-earnings ratio of 48.12 and a beta of 1.73.
Brink’s Company (The) (NYSE:BCO) last released its quarterly earnings data on Wednesday, July 26th. The business services provider reported $0.64 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.46 by $0.18. The company had revenue of $806 million during the quarter, compared to the consensus estimate of $730.87 million. Brink’s Company (The) had a net margin of 2.73% and a return on equity of 34.49%. Brink’s Company (The)’s revenue for the quarter was up 9.0% on a year-over-year basis. During the same period last year, the firm earned $0.38 EPS. Equities research analysts predict that Brink’s Company will post $3.02 earnings per share for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which was paid on Friday, September 1st. Investors of record on Thursday, July 27th were issued a $0.15 dividend. This represents a $0.60 annualized dividend and a yield of 0.74%. The ex-dividend date of this dividend was Tuesday, July 25th. Brink’s Company (The)’s dividend payout ratio (DPR) is presently 35.71%.
WARNING: “Brink’s Company (The) (BCO) Receives Consensus Rating of “Buy” from Analysts” was posted by Markets Daily and is the property of of Markets Daily. If you are reading this story on another publication, it was illegally copied and republished in violation of U.S. and international copyright and trademark laws. The original version of this story can be viewed at https://www.themarketsdaily.com/2017/09/11/brinks-company-the-bco-receives-consensus-rating-of-buy-from-analysts.html.
About Brink’s Company (The)
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.
Receive News & Ratings for Brink's Company (The) Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Brink's Company (The) and related companies with MarketBeat.com's FREE daily email newsletter.