Brink’s (NYSE:BCO) Stock Rating Upgraded by StockNews.com

Posted by Defense World Staff on Sep 23rd, 2023

Brink’s (NYSE:BCO – Get Free Report) was upgraded by research analysts at StockNews.com from a “buy” rating to a “strong-buy” rating in a research note issued to investors on Thursday.

Separately, The Goldman Sachs Group boosted their price objective on shares of Brink’s from $81.00 to $92.00 and gave the stock a “buy” rating in a research report on Thursday, August 10th.

Read Our Latest Stock Report on BCO

Brink’s Stock Down 1.4 %

Shares of Brink’s stock opened at $72.60 on Thursday. Brink’s has a 52-week low of $48.38 and a 52-week high of $77.47. The company has a 50 day moving average of $73.17 and a 200 day moving average of $68.75. The company has a quick ratio of 1.55, a current ratio of 1.55 and a debt-to-equity ratio of 4.89. The company has a market capitalization of $3.37 billion, a P/E ratio of 30.25 and a beta of 1.34.

Brink’s (NYSE:BCO – Get Free Report) last issued its quarterly earnings results on Wednesday, August 9th. The business services provider reported $1.18 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.33 by ($0.15). Brink’s had a return on equity of 50.85% and a net margin of 2.40%. The firm had revenue of $1.22 billion during the quarter, compared to analysts’ expectations of $1.21 billion. During the same quarter in the prior year, the firm earned $1.29 EPS. The firm’s revenue was up 7.2% compared to the same quarter last year. As a group, research analysts forecast that Brink’s will post 6.8 EPS for the current fiscal year.

Insider Transactions at Brink’s

In other news, Director Arthelbert Louis Parker sold 1,650 shares of Brink’s stock in a transaction on Thursday, August 24th. The shares were sold at an average price of $74.00, for a total value of $122,100.00. Following the transaction, the director now directly owns 3,036 shares of the company’s stock, valued at approximately $224,664. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 2.65% of the company’s stock.

Hedge Funds Weigh In On Brink’s

A number of institutional investors have recently modified their holdings of BCO. JPMorgan Chase & Co. increased its holdings in shares of Brink’s by 38.9% in the 1st quarter. JPMorgan Chase & Co. now owns 219,320 shares of the business services provider’s stock valued at $14,913,000 after acquiring an additional 61,443 shares during the period. Raymond James & Associates increased its stake in Brink’s by 16.0% in the 1st quarter. Raymond James & Associates now owns 34,178 shares of the business services provider’s stock valued at $2,324,000 after buying an additional 4,721 shares during the period. Bank of Montreal Can increased its stake in Brink’s by 10.1% in the 1st quarter. Bank of Montreal Can now owns 4,326 shares of the business services provider’s stock valued at $296,000 after buying an additional 397 shares during the period. Rhumbline Advisers increased its stake in Brink’s by 2.9% in the 1st quarter. Rhumbline Advisers now owns 151,123 shares of the business services provider’s stock valued at $10,276,000 after buying an additional 4,231 shares during the period. Finally, Commonwealth of Pennsylvania Public School Empls Retrmt SYS increased its stake in Brink’s by 10.5% in the 1st quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 18,014 shares of the business services provider’s stock valued at $1,225,000 after buying an additional 1,717 shares during the period. 94.96% of the stock is owned by institutional investors and hedge funds.

About Brink’s

(Get Free Report)

The Brink's Company provides secure transportation, cash management, and other security-related services in North America, Latin America, Europe, and internationally. The company offers armored vehicle transportation of valuables; automated teller machine (ATM) management services, such as cash replenishment, cash forecasting, cash optimization, ATM remote monitoring, service call dispatching, transaction processing, installation, and first and second line maintenance services; and cash-in-transit services.