Brink’s Co. (BCO) PT Raised to $38.00
Brink’s Co. (NYSE:BCO) had its price objective hoisted by investment analysts at Macquarie from $33.00 to $38.00 in a note issued to investors on Friday. The brokerage presently has a “neutral” rating on the stock. Macquarie’s price objective indicates a potential upside of 5.23% from the company’s current price.
Other equities analysts have also recently issued research reports about the company. Zacks Investment Research raised Brink’s from a “sell” rating to a “hold” rating in a report on Wednesday, July 27th. Imperial Capital upped their target price on Brink’s from $30.00 to $31.50 and gave the stock an “in-line” rating in a report on Friday, May 20th.
Brink’s (NYSE:BCO) opened at 36.11 on Friday. The stock’s 50 day moving average price is $36.18 and its 200 day moving average price is $32.13. Brink’s has a 12-month low of $25.80 and a 12-month high of $37.85. The company has a market cap of $1.79 billion, a PE ratio of 1900.53 and a beta of 1.52.
Brink’s (NYSE:BCO) last posted its quarterly earnings results on Thursday, July 28th. The company reported $0.38 EPS for the quarter, topping analysts’ consensus estimates of $0.26 by $0.12. Brink’s had a return on equity of 22.23% and a net margin of 0.04%. The company earned $739.50 million during the quarter, compared to analysts’ expectations of $699.03 million. During the same quarter in the previous year, the firm earned $0.27 EPS. Brink’s’s revenue was down 2.7% on a year-over-year basis. Equities research analysts anticipate that Brink’s will post $2.00 EPS for the current year.
The business also recently declared a quarterly dividend, which was paid on Thursday, September 1st. Stockholders of record on Tuesday, July 26th were paid a $0.10 dividend. The ex-dividend date was Friday, July 22nd. This represents a $0.40 annualized dividend and a dividend yield of 1.11%. Brink’s’s payout ratio is 1,333.33%.
In other news, insider Amit Zukerman sold 10,518 shares of the stock in a transaction dated Wednesday, August 10th. The stock was sold at an average price of $36.69, for a total value of $385,905.42. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Thomas Colan sold 935 shares of the stock in a transaction dated Thursday, August 25th. The shares were sold at an average price of $37.70, for a total value of $35,249.50. The disclosure for this sale can be found here. 11.29% of the stock is owned by insiders.
Large investors have recently modified their holdings of the stock. Alambic Investment Management L.P. boosted its stake in shares of Brink’s by 9.3% in the second quarter. Alambic Investment Management L.P. now owns 39,310 shares of the company’s stock valued at $1,120,000 after buying an additional 3,350 shares during the last quarter. Cutler Group LP boosted its stake in shares of Brink’s by 69.9% in the first quarter. Cutler Group LP now owns 6,023 shares of the company’s stock valued at $202,000 after buying an additional 2,479 shares during the last quarter. BlackRock Institutional Trust Company N.A. boosted its stake in shares of Brink’s by 0.8% in the first quarter. BlackRock Institutional Trust Company N.A. now owns 1,195,487 shares of the company’s stock valued at $40,156,000 after buying an additional 9,467 shares during the last quarter. HBK Investments L P boosted its stake in shares of Brink’s by 41.4% in the first quarter. HBK Investments L P now owns 41,700 shares of the company’s stock valued at $1,401,000 after buying an additional 12,200 shares during the last quarter. Finally, BNP Paribas Arbitrage SA boosted its stake in shares of Brink’s by 57.2% in the second quarter. BNP Paribas Arbitrage SA now owns 21,996 shares of the company’s stock valued at $627,000 after buying an additional 8,007 shares during the last quarter. 93.07% of the stock is owned by institutional investors.
The Brink’s Company (Brink’s) is a provider of logistics and security solutions. The Company’s solutions include cash-in-transit, automated teller machine (ATM) replenishment and maintenance, international transportation of valuables, cash management and payment services, to financial institutions, retailers, government agencies (including central banks), mints, jewelers and other commercial operations around the world.
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