Brink’s (BCO) Upgraded to “Hold” by Zacks Investment Research

Brink’s (NYSE:BCO) was upgraded by Zacks Investment Research from a “sell” rating to a “hold” rating in a report released on Thursday.

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. “

A number of other brokerages have also recently issued reports on BCO. SunTrust Banks reduced their target price on shares of Brink’s to $90.00 and set a “buy” rating for the company in a research report on Monday, October 15th. Berenberg Bank assumed coverage on Brink’s in a report on Wednesday, September 12th. They issued a “buy” rating and a $90.00 target price on the stock. Finally, ValuEngine raised Brink’s from a “sell” rating to a “hold” rating in a research report on Saturday, October 27th. Two equities research analysts have rated the stock with a hold rating and six have given a buy rating to the stock. The stock presently has an average rating of “Buy” and a consensus target price of $94.40.

Shares of NYSE BCO traded up $0.38 during mid-day trading on Thursday, hitting $69.30. The company’s stock had a trading volume of 225,653 shares, compared to its average volume of 335,036. The firm has a market capitalization of $3.39 billion, a PE ratio of 22.87, a price-to-earnings-growth ratio of 1.01 and a beta of 1.51. The company has a current ratio of 1.53, a quick ratio of 1.53 and a debt-to-equity ratio of 5.89. Brink’s has a one year low of $59.08 and a one year high of $88.10.

Brink’s (NYSE:BCO) last posted its quarterly earnings data on Wednesday, October 24th. The business services provider reported $0.91 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.80 by $0.11. The company had revenue of $852.00 million for the quarter, compared to the consensus estimate of $843.96 million. Brink’s had a negative net margin of 3.46% and a positive return on equity of 56.86%. The firm’s revenue was up .3% compared to the same quarter last year. During the same period last year, the company earned $0.83 earnings per share. As a group, equities research analysts anticipate that Brink’s will post 3.32 earnings per share for the current fiscal year.

A number of institutional investors and hedge funds have recently modified their holdings of the business. Envestnet Asset Management Inc. boosted its stake in Brink’s by 4.4% during the second quarter. Envestnet Asset Management Inc. now owns 16,838 shares of the business services provider’s stock valued at $1,342,000 after buying an additional 716 shares during the last quarter. Arizona State Retirement System increased its holdings in Brink’s by 2.4% during the 3rd quarter. Arizona State Retirement System now owns 36,178 shares of the business services provider’s stock worth $2,523,000 after purchasing an additional 836 shares during the period. Legal & General Group Plc increased its holdings in shares of Brink’s by 1.6% in the 3rd quarter. Legal & General Group Plc now owns 60,162 shares of the business services provider’s stock valued at $4,197,000 after acquiring an additional 939 shares during the period. Swiss National Bank boosted its position in shares of Brink’s by 1.1% in the 3rd quarter. Swiss National Bank now owns 88,800 shares of the business services provider’s stock worth $6,194,000 after purchasing an additional 1,000 shares in the last quarter. Finally, Riverhead Capital Management LLC lifted its position in Brink’s by 32.2% during the 3rd quarter. Riverhead Capital Management LLC now owns 5,337 shares of the business services provider’s stock worth $372,000 after acquiring an additional 1,300 shares during the period. Institutional investors and hedge funds own 98.31% of the company’s stock.

About Brink’s

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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