Brink's (BCO) Stock Price Up 11.1%

Shares of Brink's (NYSE:BCO) rose 11.1% on Thursday . The company traded as high as $87.05 and last traded at $86.90. Approximately 994,346 shares were traded during trading, an increase of 180% from the average daily volume of 355,568 shares. The stock had previously closed at $78.25.

Several research firms have recently commented on BCO. Sidoti raised shares of Brink's from a “neutral” rating to a “buy” rating in a research report on Thursday. SunTrust Banks restated a “buy” rating and set a $98.00 price objective on shares of Brink's in a research note on Wednesday, October 18th. ValuEngine lowered shares of Brink's from a “buy” rating to a “hold” rating in a research note on Monday, October 2nd. Finally, Zacks Investment Research lowered shares of Brink's from a “strong-buy” rating to a “hold” rating in a research note on Monday, September 18th. Two investment analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. Brink's presently has an average rating of “Buy” and a consensus target price of $93.75.

The stock has a market capitalization of $4,390.00, a P/E ratio of 53.64 and a beta of 1.71. The company has a debt-to-equity ratio of 1.20, a current ratio of 1.21 and a quick ratio of 1.21.

Brink's (NYSE:BCO) last announced its quarterly earnings results on Wednesday, October 25th. The business services provider reported $0.83 EPS for the quarter, topping analysts’ consensus estimates of $0.75 by $0.08. The firm had revenue of $849.50 million during the quarter, compared to analyst estimates of $841.57 million. Brink's had a net margin of 2.51% and a return on equity of 35.15%. The business’s revenue for the quarter was up 12.4% on a year-over-year basis. During the same period in the previous year, the business posted $0.64 earnings per share. research analysts anticipate that Brink's will post 3.05 earnings per share for the current fiscal year.

In other Brink's news, Director George I. Stoeckert acquired 2,700 shares of the stock in a transaction that occurred on Tuesday, December 12th. The stock was bought at an average cost of $80.55 per share, with a total value of $217,485.00. Following the completion of the purchase, the director now directly owns 12,014 shares in the company, valued at $967,727.70. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Douglas A. Pertz acquired 6,570 shares of the stock in a transaction that occurred on Thursday, November 2nd. The stock was acquired at an average cost of $76.18 per share, with a total value of $500,502.60. The disclosure for this purchase can be found here. Insiders have acquired 18,850 shares of company stock worth $1,461,348 in the last quarter. Company insiders own 10.40% of the company’s stock.

A number of large investors have recently added to or reduced their stakes in BCO. Tower Research Capital LLC TRC lifted its position in shares of Brink's by 285.0% during the second quarter. Tower Research Capital LLC TRC now owns 1,540 shares of the business services provider’s stock valued at $103,000 after buying an additional 1,140 shares during the last quarter. Cypress Capital Management LLC WY purchased a new stake in shares of Brink's during the third quarter valued at about $122,000. Meeder Asset Management Inc. purchased a new stake in shares of Brink's during the third quarter valued at about $128,000. Seven Eight Capital LP purchased a new stake in shares of Brink's during the second quarter valued at about $154,000. Finally, Zurcher Kantonalbank Zurich Cantonalbank lifted its position in shares of Brink's by 93.6% during the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 2,313 shares of the business services provider’s stock valued at $155,000 after buying an additional 1,118 shares during the last quarter. 90.55% of the stock is owned by institutional investors.

ILLEGAL ACTIVITY WARNING: “Brink's (BCO) Stock Price Up 11.1%” was originally published by Markets Daily and is the property of of Markets Daily. If you are accessing this report on another domain, it was illegally stolen and republished in violation of international copyright legislation. The correct version of this report can be read at https://www.themarketsdaily.com/2018/01/12/brinks-bco-stock-price-up-11-1.html.

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.

Receive News & Ratings for Brink's Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Brink's and related companies with MarketBeat.com's FREE daily email newsletter.

Latest News

Leave a Reply