Brink's (BCO) Earns Outperform Rating from Imperial Capital

Brink's (NYSE:BCO)‘s stock had its “outperform” rating reissued by Imperial Capital in a research report issued to clients and investors on Thursday, January 18th, MarketBeat.com reports. They presently have a $100.00 price objective on the business services provider’s stock, up from their prior price objective of $86.00. Imperial Capital’s price objective would suggest a potential upside of 31.67% from the company’s previous close. Imperial Capital also issued estimates for Brink's’ Q4 2017 earnings at $1.02 EPS, FY2017 earnings at $3.05 EPS, Q1 2018 earnings at $0.71 EPS, Q2 2018 earnings at $0.76 EPS, Q3 2018 earnings at $1.03 EPS, Q4 2018 earnings at $1.22 EPS, FY2018 earnings at $3.71 EPS, Q1 2019 earnings at $0.97 EPS, Q2 2019 earnings at $0.98 EPS, Q3 2019 earnings at $1.26 EPS, Q4 2019 earnings at $1.49 EPS and FY2019 earnings at $4.70 EPS.

BCO has been the topic of several other research reports. ValuEngine lowered Brink's from a “buy” rating to a “hold” rating in a report on Monday, October 2nd. Sidoti reaffirmed a “neutral” rating and set a $94.00 price objective on shares of Brink's in a research note on Friday, December 15th. SunTrust Banks reiterated a “buy” rating and set a $98.00 target price on shares of Brink's in a research report on Wednesday, October 18th. Finally, Zacks Investment Research upgraded Brink's from a “hold” rating to a “buy” rating and set a $97.00 target price on the stock in a research report on Monday, January 15th. One analyst has rated the stock with a hold rating and five have given a buy rating to the stock. The company presently has a consensus rating of “Buy” and a consensus target price of $93.50.

Shares of Brink's (BCO) traded up $2.85 on Thursday, reaching $75.95. The company had a trading volume of 897,608 shares, compared to its average volume of 429,242. The company has a debt-to-equity ratio of 3.66, a current ratio of 1.89 and a quick ratio of 1.21. Brink's has a 52-week low of $47.30 and a 52-week high of $88.10. The firm has a market capitalization of $3,834.18, a P/E ratio of 25.40, a price-to-earnings-growth ratio of 0.98 and a beta of 1.71.

Brink's (NYSE:BCO) last issued its quarterly earnings data on Wednesday, February 7th. The business services provider reported $0.95 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.96 by ($0.01). Brink's had a net margin of 0.50% and a return on equity of 36.76%. The firm had revenue of $903.00 million during the quarter, compared to analysts’ expectations of $851.35 million. During the same quarter in the prior year, the firm posted $0.87 EPS. Brink's’s quarterly revenue was up 12.3% compared to the same quarter last year. equities research analysts predict that Brink's will post 3.76 EPS for the current fiscal year.

In other Brink's news, Director George I. Stoeckert bought 2,700 shares of the business’s stock in a transaction on Tuesday, December 12th. The shares were purchased at an average price of $80.55 per share, with a total value of $217,485.00. Following the purchase, the director now directly owns 12,014 shares of the company’s stock, valued at $967,727.70. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director George I. Stoeckert bought 1,000 shares of the business’s stock in a transaction on Friday, December 8th. The shares were acquired at an average cost of $80.40 per share, for a total transaction of $80,400.00. Following the purchase, the director now directly owns 12,014 shares in the company, valued at $965,925.60. The disclosure for this purchase can be found here. In the last 90 days, insiders have acquired 17,200 shares of company stock valued at $1,279,615. 10.40% of the stock is owned by insiders.

Several institutional investors and hedge funds have recently bought and sold shares of the company. Suntrust Banks Inc. bought a new stake in shares of Brink's in the 4th quarter worth $318,000. Arrowstreet Capital Limited Partnership grew its holdings in shares of Brink's by 26.7% in the 4th quarter. Arrowstreet Capital Limited Partnership now owns 48,847 shares of the business services provider’s stock worth $3,844,000 after acquiring an additional 10,296 shares during the last quarter. Virtus Fund Advisers LLC acquired a new position in shares of Brink's in the 4th quarter worth $146,000. UBS Asset Management Americas Inc. grew its holdings in shares of Brink's by 5.1% in the 4th quarter. UBS Asset Management Americas Inc. now owns 35,327 shares of the business services provider’s stock worth $2,780,000 after acquiring an additional 1,714 shares during the last quarter. Finally, BlackRock Inc. grew its holdings in shares of Brink's by 3.3% in the 4th quarter. BlackRock Inc. now owns 5,669,576 shares of the business services provider’s stock worth $446,196,000 after acquiring an additional 182,730 shares during the last quarter. 89.35% of the stock is currently owned by institutional investors.

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Brink's Company Profile

The Brink’s Company (Brink’s) is a provider of logistics and security solutions. The Company operates through nine segments: U.S., France, Mexico, Brazil, Canada, Latin America, EMEA, Asia and Payment Services. The Company’s solutions include cash-in-transit (CIT), automated teller machine (ATM) replenishment and maintenance, cash management services, including vault outsourcing, money processing, and intelligent safe services, international transportation of valuables, and payment services.

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