Brink’s (NYSE:BCO) Stock Rating Lowered by Zacks Research

Brink’s (NYSE:BCO) was downgraded by Zacks Research from a “hold” rating to a “strong sell” rating in a report issued on Thursday, Zacks reports.

BCO has been the subject of several other research reports. Wall Street Zen downgraded shares of Brink’s from a “buy” rating to a “hold” rating in a research report on Saturday. Weiss Ratings lowered shares of Brink’s from a “hold (c+)” rating to a “hold (c)” rating in a research note on Thursday, October 8th. Two equities research analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat, the stock currently has an average rating of “Hold” and a consensus target price of $154.00.

Brink’s Stock Up 0.4%

Shares of BCO stock traded up $0.46 during mid-day trading on Thursday, reaching $110.44. 517,978 shares of the company were exchanged, compared to its average volume of 482,557. Brink’s has a fifty-two week low of $91.05 and a fifty-two week high of $136.37. The company has a debt-to-equity ratio of 8.80, a quick ratio of 1.62 and a current ratio of 1.62. The company has a market capitalization of $4.55 billion, a P/E ratio of 28.99 and a beta of 0.95. The business’s 50 day simple moving average is $106.34 and its 200 day simple moving average is $110.22.

Brink’s (NYSE:BCO) last posted its quarterly earnings results on Wednesday, November 4th. The business services provider reported $2.46 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.21 by $0.25. The firm had revenue of $1.37 billion for the quarter, compared to analysts’ expectations of $1.39 billion. Brink’s had a net margin of 3.30% and a return on equity of 87.18%. The firm’s quarterly revenue was up 3.0% on a year-over-year basis. During the same period in the prior year, the company posted $2.08 earnings per share. Research analysts predict that Brink’s will post 8.99 earnings per share for the current year.

Institutional Investors Weigh In On Brink’s

A number of institutional investors have recently made changes to their positions in the company. First Trust Advisors LP raised its position in shares of Brink’s by 5.3% during the 1st quarter. First Trust Advisors LP now owns 862,692 shares of the business services provider’s stock valued at $89,401,000 after acquiring an additional 43,311 shares in the last quarter. Engine Capital Management LP boosted its holdings in Brink’s by 1,237.6% in the first quarter. Engine Capital Management LP now owns 549,417 shares of the business services provider’s stock worth $56,936,000 after purchasing an additional 508,343 shares during the period. Bank of New York Mellon Corp acquired a new position in Brink’s in the second quarter worth $31,028,000. Janus Henderson Group PLC boosted its holdings in Brink’s by 353.8% in the first quarter. Janus Henderson Group PLC now owns 175,369 shares of the business services provider’s stock worth $18,174,000 after purchasing an additional 136,725 shares during the period. Finally, Principal Financial Group Inc. increased its stake in Brink’s by 39.0% during the first quarter. Principal Financial Group Inc. now owns 126,050 shares of the business services provider’s stock valued at $13,063,000 after purchasing an additional 35,358 shares during the last quarter. 94.96% of the stock is currently owned by institutional investors.

About Brink’s

Brink’s Company (NYSE: BCO) is a global provider of security and logistics services. The company helps businesses, financial institutions, retailers, governments and other organizations protect, transport and manage cash, valuables and other high-value assets.

Its services include secure transportation, cash-in-transit operations, ATM replenishment and servicing, cash processing, vaulting, cash management and related payment services. Brink’s also provides international logistics for precious metals, jewelry, gemstones, artwork and other valuables through its Brink’s Global Services business.

Founded in 1859, Brink’s serves customers across North America, Latin America, Europe, the Middle East, Africa and the Asia-Pacific region through a worldwide network of employees, vehicles and facilities.