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.
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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