Brink’s (BCO) Stock Price Up 16.2% Following Analyst Upgrade

Shares of Brink’s (NYSE:BCO) rose 16.2% during trading on Thursday after Buckingham Research raised their price target on the stock from $5.14 to $110.00. Buckingham Research currently has a buy rating on the stock. Brink’s traded as high as $82.45 and last traded at $79.25. Approximately 2,991,171 shares traded hands during mid-day trading, an increase of 539% from the average daily volume of 467,825 shares. The stock had previously closed at $68.20.

Other analysts have also recently issued research reports about the stock. Zacks Investment Research upgraded shares of Brink’s from a “hold” rating to a “buy” rating and set a $82.00 price target on the stock in a research note on Friday, February 9th. Gabelli upgraded shares of Brink’s from a “hold” rating to a “buy” rating in a research note on Thursday, February 8th. Finally, ValuEngine upgraded shares of Brink’s from a “hold” rating to a “buy” rating in a research note on Friday, April 6th. One equities research analyst has rated the stock with a hold rating and six have issued a buy rating to the stock. Brink’s presently has an average rating of “Buy” and an average target price of $96.80.

Several institutional investors have recently bought and sold shares of the company. Massmutual Trust Co. FSB ADV increased its holdings in shares of Brink’s by 29.5% in the 1st quarter. Massmutual Trust Co. FSB ADV now owns 6,325 shares of the business services provider’s stock worth $451,000 after buying an additional 1,441 shares during the last quarter. WINTON GROUP Ltd bought a new stake in shares of Brink’s in the 1st quarter worth about $1,662,000. CIBC World Markets Inc. bought a new stake in shares of Brink’s in the 1st quarter worth about $712,000. Xact Kapitalforvaltning AB increased its holdings in shares of Brink’s by 70.8% in the 1st quarter. Xact Kapitalforvaltning AB now owns 7,237 shares of the business services provider’s stock worth $516,000 after buying an additional 3,000 shares during the last quarter. Finally, Royal Bank of Canada increased its holdings in shares of Brink’s by 26.5% in the 1st quarter. Royal Bank of Canada now owns 580,284 shares of the business services provider’s stock worth $41,403,000 after buying an additional 121,673 shares during the last quarter. Hedge funds and other institutional investors own 90.28% of the company’s stock.

The company has a current ratio of 1.77, a quick ratio of 1.77 and a debt-to-equity ratio of 3.10. The firm has a market capitalization of $3.47 billion, a price-to-earnings ratio of 26.16, a PEG ratio of 1.17 and a beta of 1.77.

Brink’s (NYSE:BCO) last posted its earnings results on Wednesday, April 25th. The business services provider reported $0.65 earnings per share for the quarter, topping analysts’ consensus estimates of $0.63 by $0.02. Brink’s had a net margin of 0.12% and a return on equity of 39.12%. The firm had revenue of $853.00 million for the quarter, compared to the consensus estimate of $802.83 million. During the same period in the previous year, the firm posted $0.57 EPS. The business’s quarterly revenue was up 8.2% on a year-over-year basis. equities analysts forecast that Brink’s will post 3.8 EPS for the current year.

The firm also recently announced a quarterly dividend, which will be paid on Friday, June 1st. Stockholders of record on Friday, May 18th will be issued a $0.15 dividend. The ex-dividend date of this dividend is Thursday, May 17th. This represents a $0.60 dividend on an annualized basis and a dividend yield of 0.76%. Brink’s’s dividend payout ratio (DPR) is presently 19.80%.

Brink’s Company Profile

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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