Zacks Investment Research Downgrades Brink’s (NYSE:BCO) to Sell

Zacks Investment Research cut shares of Brink’s (NYSE:BCO) from a hold rating to a sell rating in a report published on Tuesday morning, Zacks.com reports.

According to Zacks, “The Brink’s Company is the global leader in total cash management, secure route-based logistics and payment solutions including cash-in-transit, ATM services, cash management services (including vault outsourcing, money processing and intelligent safe services), and international transportation of valuables. Their customers include financial institutions, retailers, government agencies, mints, jewelers and other commercial operations. Their global network of operations in 41 countries serves customers in more than 100 countries. “

Other analysts also recently issued reports about the stock. ValuEngine downgraded shares of Brink’s from a hold rating to a sell rating in a report on Thursday, September 5th. Imperial Capital lifted their price objective on shares of Brink’s from $100.00 to $105.00 and gave the stock an outperform rating in a report on Thursday, July 25th. They noted that the move was a valuation call. Finally, Buckingham Research dropped their price objective on shares of Brink’s from $115.00 to $105.00 and set a neutral rating for the company in a report on Wednesday, September 4th. Two investment analysts have rated the stock with a sell rating, one has assigned a hold rating and two have assigned a buy rating to the company’s stock. The stock currently has a consensus rating of Hold and an average target price of $100.00.

Shares of NYSE:BCO opened at $84.16 on Tuesday. The firm has a fifty day moving average price of $81.96 and a two-hundred day moving average price of $80.46. The company has a debt-to-equity ratio of 7.91, a current ratio of 1.40 and a quick ratio of 1.40. Brink’s has a one year low of $59.08 and a one year high of $93.81. The company has a market cap of $4.21 billion, a price-to-earnings ratio of 24.32, a PEG ratio of 1.37 and a beta of 1.52.

Brink’s (NYSE:BCO) last announced its quarterly earnings results on Wednesday, July 24th. The business services provider reported $0.84 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.83 by $0.01. Brink’s had a net margin of 2.20% and a return on equity of 92.10%. The firm had revenue of $914.00 million during the quarter, compared to the consensus estimate of $898.98 million. During the same period last year, the firm earned $0.74 EPS. The business’s quarterly revenue was up 7.5% compared to the same quarter last year. Equities research analysts expect that Brink’s will post 4.14 EPS for the current fiscal year.

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, September 3rd. Stockholders of record on Monday, July 29th were issued a dividend of $0.15 per share. This represents a $0.60 dividend on an annualized basis and a dividend yield of 0.71%. The ex-dividend date of this dividend was Friday, July 26th. Brink’s’s dividend payout ratio is currently 17.34%.

Several hedge funds and other institutional investors have recently bought and sold shares of the company. NumerixS Investment Technologies Inc raised its position in Brink’s by 63.4% in the 1st quarter. NumerixS Investment Technologies Inc now owns 1,144 shares of the business services provider’s stock worth $86,000 after purchasing an additional 444 shares during the period. Bremer Bank National Association purchased a new position in Brink’s in the 1st quarter worth $107,000. Kavar Capital Partners LLC purchased a new position in Brink’s in the 2nd quarter worth $142,000. ETF Managers Group LLC raised its position in Brink’s by 7.9% in the 1st quarter. ETF Managers Group LLC now owns 2,013 shares of the business services provider’s stock worth $152,000 after purchasing an additional 148 shares during the period. Finally, Dupont Capital Management Corp purchased a new position in Brink’s in the 1st quarter worth $188,000.

Brink’s Company Profile

The Brink's Company provides secure transportation, cash management, and other security-related services in North America, South America, and internationally. 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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