Brink’s (NYSE:BCO) Lowered to Buy Rating by Wall Street Zen

Brink’s (NYSE:BCO) was downgraded by Wall Street Zen from a “strong-buy” rating to a “buy” rating in a note issued to investors on Saturday.

BCO has been the subject of several other research reports. Truist Financial increased their price objective on Brink’s from $138.00 to $163.00 and gave the stock a “buy” rating in a report on Tuesday, February 10th. The Goldman Sachs Group upped their target price on Brink’s from $129.00 to $145.00 and gave the company a “buy” rating in a report on Monday, March 2nd. Three analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $154.00.

Brink’s Stock Down 4.1%

Shares of NYSE BCO opened at $117.81 on Friday. The company has a quick ratio of 1.51, a current ratio of 1.51 and a debt-to-equity ratio of 9.35. Brink’s has a 52 week low of $80.10 and a 52 week high of $136.37. The firm’s fifty day moving average is $125.41 and its 200 day moving average is $118.08. The company has a market cap of $4.85 billion, a price-to-earnings ratio of 25.12 and a beta of 1.09.

Brink’s (NYSE:BCO) last issued its quarterly earnings data on Thursday, February 26th. The business services provider reported $2.54 EPS for the quarter, beating the consensus estimate of $2.47 by $0.07. The firm had revenue of $1.38 billion during the quarter, compared to the consensus estimate of $1.35 billion. Brink’s had a net margin of 3.80% and a return on equity of 89.90%. The company’s quarterly revenue was up 9.1% compared to the same quarter last year. During the same period in the prior year, the firm posted $2.12 earnings per share. On average, equities research analysts expect that Brink’s will post 6.49 earnings per share for the current year.

Brink’s announced that its board has approved a stock repurchase program on Thursday, December 11th that allows the company to buyback $750.00 million in outstanding shares. This buyback authorization allows the business services provider to buy up to 15.4% of its shares through open market purchases. Shares buyback programs are usually a sign that the company’s board of directors believes its stock is undervalued.

Insiders Place Their Bets

In other Brink’s 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 transaction, the insider owned 5,755 shares of the company’s stock, valued at approximately $687,722.50. This trade represents a 19.77% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Company insiders own 0.49% of the company’s stock.

Institutional Trading of Brink’s

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Smartleaf Asset Management LLC increased its position in 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 buying an additional 146 shares in the last quarter. Advisory Services Network LLC purchased a new position in Brink’s during the third quarter valued at $33,000. Mather Group LLC. bought a new stake in Brink’s in the third quarter worth $34,000. Caldwell Trust Co purchased a new stake in shares of Brink’s in the second quarter worth $27,000. Finally, Global Retirement Partners LLC purchased a new stake in shares of Brink’s in the fourth quarter worth $39,000. Hedge funds and other institutional investors own 94.96% of the company’s stock.

About Brink’s

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.