StockNews.com Lowers Brink’s (NYSE:BCO) to Buy

StockNews.com cut shares of Brink’s (NYSE:BCOGet Rating) from a strong-buy rating to a buy rating in a research report released on Tuesday morning.

Separately, TheStreet lowered shares of Brink’s from a b- rating to a c rating in a report on Wednesday, October 26th.

Brink’s Price Performance

Shares of BCO opened at $62.42 on Tuesday. The firm has a market capitalization of $2.90 billion, a PE ratio of 17.39 and a beta of 1.33. The company has a debt-to-equity ratio of 10.24, a current ratio of 1.82 and a quick ratio of 1.82. Brink’s has a 1-year low of $48.38 and a 1-year high of $72.13. The company’s fifty day moving average price is $58.30 and its 200-day moving average price is $57.05.

Brink’s (NYSE:BCOGet Rating) last announced its quarterly earnings data on Wednesday, October 26th. The business services provider reported $1.34 earnings per share for the quarter, beating analysts’ consensus estimates of $1.20 by $0.14. The firm had revenue of $1.14 billion for the quarter, compared to analyst estimates of $1.17 billion. Brink’s had a net margin of 3.89% and a return on equity of 80.84%. The business’s quarterly revenue was up 5.7% compared to the same quarter last year. During the same period in the previous year, the company earned $1.14 earnings per share. On average, equities research analysts predict that Brink’s will post 5.57 EPS for the current year.

Brink’s Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, March 1st. Shareholders of record on Monday, February 6th will be issued a $0.20 dividend. This represents a $0.80 annualized dividend and a yield of 1.28%. The ex-dividend date of this dividend is Friday, February 3rd. Brink’s’s payout ratio is 22.28%.

Institutional Investors Weigh In On Brink’s

Hedge funds have recently added to or reduced their stakes in the business. Ronald Blue Trust Inc. purchased a new stake in Brink’s in the second quarter valued at $35,000. Bessemer Group Inc. purchased a new stake in Brink’s in the third quarter valued at $30,000. Captrust Financial Advisors boosted its holdings in Brink’s by 47.1% in the first quarter. Captrust Financial Advisors now owns 1,174 shares of the business services provider’s stock valued at $80,000 after purchasing an additional 376 shares during the last quarter. Russell Investments Group Ltd. raised its position in shares of Brink’s by 15.0% in the second quarter. Russell Investments Group Ltd. now owns 1,427 shares of the business services provider’s stock worth $86,000 after acquiring an additional 186 shares during the period. Finally, Acropolis Investment Management LLC acquired a new position in shares of Brink’s in the fourth quarter worth about $107,000. 97.41% of the stock is owned by hedge funds and other institutional investors.

Brink’s Company Profile

(Get Rating)

The Brink’s Co provides secure logistics and cash management services. It operates through the following segments: North America, Latin America, Europe and Rest of World. Its logistics and security solutions include cash-in-transit, ATM replenishment & maintenance, and cash management & payment services, such as vault outsourcing, money processing, intelligent safe services, and international transportation of valuables.

Further Reading

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