Brink’s (NYSE:BCO) Stock Price Expected to Rise, The Goldman Sachs Group Analyst Says

Brink’s (NYSE:BCO) had its price objective hoisted by equities researchers at The Goldman Sachs Group from $129.00 to $145.00 in a research report issued on Monday,Benzinga reports. The brokerage presently has a “buy” rating on the business services provider’s stock. The Goldman Sachs Group’s price target would indicate a potential upside of 15.23% from the company’s current price.

Separately, Truist Financial upped their target price on shares of Brink’s from $138.00 to $163.00 and gave the stock a “buy” rating in a research report on Tuesday, February 10th. Three analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $154.00.

Brink’s Stock Down 0.0%

BCO stock opened at $125.84 on Monday. Brink’s has a fifty-two week low of $80.10 and a fifty-two week high of $136.37. The company has a market capitalization of $5.18 billion, a price-to-earnings ratio of 26.83 and a beta of 1.09. The business’s 50 day moving average price is $125.27 and its two-hundred day moving average price is $117.96. The company has a debt-to-equity ratio of 9.35, a quick ratio of 1.51 and a current ratio of 1.51.

Brink’s (NYSE:BCO) last issued its quarterly earnings results on Thursday, February 26th. The business services provider reported $2.54 earnings per share for the quarter, topping the consensus estimate of $2.47 by $0.07. The company had revenue of $1.38 billion for the quarter, compared to analysts’ expectations of $1.35 billion. Brink’s had a return on equity of 89.90% and a net margin of 3.80%.The firm’s revenue for the quarter was up 9.1% on a year-over-year basis. During the same period in the prior year, the firm earned $2.12 earnings per share. As a group, analysts forecast that Brink’s will post 6.49 earnings per share for the current fiscal year.

Brink’s declared that its Board of Directors has initiated a stock repurchase program on Thursday, December 11th that permits the company to repurchase $750.00 million in outstanding shares. This repurchase authorization permits the business services provider to reacquire up to 15.4% of its stock through open market purchases. Stock repurchase programs are usually an indication that the company’s board believes its stock is undervalued.

Insider Activity at Brink’s

In related news, insider Michael E. Sweeney sold 1,418 shares of the firm’s stock in a transaction that occurred on Monday, December 15th. The shares were sold at an average price of $119.50, for a total transaction of $169,451.00. Following the completion of the sale, the insider owned 5,755 shares of the company’s stock, valued at $687,722.50. This trade represents a 19.77% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 0.72% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

Several hedge funds have recently modified their holdings of BCO. Caldwell Trust Co purchased a new position in Brink’s in the 2nd quarter worth about $27,000. Smartleaf Asset Management LLC boosted its holdings in shares of Brink’s by 150.5% during the 4th quarter. Smartleaf Asset Management LLC now owns 243 shares of the business services provider’s stock valued at $29,000 after acquiring an additional 146 shares during the last quarter. Advisory Services Network LLC bought a new stake in shares of Brink’s in the third quarter worth approximately $33,000. Mather Group LLC. purchased a new position in shares of Brink’s during the third quarter valued at approximately $34,000. Finally, Global Retirement Partners LLC bought a new position in Brink’s during the fourth quarter valued at approximately $39,000. Hedge funds and other institutional investors own 94.96% of the company’s stock.

Brink’s Company Profile

The Brink’s Company (NYSE: BCO) is a global leader in secure logistics and cash management solutions. The company provides a comprehensive suite of services that span armored transportation, cash-in-transit (CIT), ATM services, smart safe solutions, and valuables storage. Through its network of service centers and armored vehicles, Brink’s ensures the safe and efficient movement of currency, precious metals, and other high-value assets for banks, retailers, mints, and government agencies.

Brink’s armored transport operations are complemented by technology-driven cash management offerings, including deposit automation and secure vaulting.