Brink’s (NYSE:BCO) Price Target Raised to $144.00

Brink’s (NYSE:BCO) had its target price lifted by Truist Financial from $110.00 to $144.00 in a research note issued to investors on Friday morning, Benzinga reports. The firm currently has a buy rating on the business services provider’s stock.

Separately, StockNews.com upgraded shares of Brink’s from a buy rating to a strong-buy rating in a research report on Friday, August 16th. Three research analysts have rated the stock with a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, the stock presently has an average rating of Buy and a consensus target price of $123.50.

Brink’s Stock Performance

Shares of NYSE:BCO opened at $112.93 on Friday. The business’s 50 day simple moving average is $105.90 and its 200 day simple moving average is $98.77. Brink’s has a 1 year low of $64.15 and a 1 year high of $114.49. The company has a debt-to-equity ratio of 7.78, a current ratio of 1.57 and a quick ratio of 1.57. The company has a market capitalization of $5.02 billion, a P/E ratio of 43.27 and a beta of 1.43.

Brink’s (NYSE:BCO) last released its earnings results on Wednesday, August 7th. The business services provider reported $1.67 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.47 by $0.20. The company had revenue of $1.25 billion for the quarter, compared to analyst estimates of $1.26 billion. Brink’s had a return on equity of 69.80% and a net margin of 2.73%. Brink’s’s quarterly revenue was up 3.0% on a year-over-year basis. During the same period in the prior year, the firm posted $1.18 EPS. On average, research analysts anticipate that Brink’s will post 7.51 EPS for the current fiscal year.

Brink’s Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Monday, December 2nd. Investors of record on Monday, November 4th will be issued a dividend of $0.2425 per share. This represents a $0.97 annualized dividend and a dividend yield of 0.86%. The ex-dividend date of this dividend is Monday, November 4th. Brink’s’s dividend payout ratio (DPR) is presently 37.16%.

Institutional Investors Weigh In On Brink’s

Several hedge funds have recently modified their holdings of the company. Covestor Ltd boosted its position in Brink’s by 154.8% during the 1st quarter. Covestor Ltd now owns 316 shares of the business services provider’s stock worth $29,000 after buying an additional 192 shares during the period. LRI Investments LLC acquired a new position in Brink’s in the first quarter valued at approximately $37,000. Headlands Technologies LLC bought a new position in Brink’s during the second quarter worth $37,000. GAMMA Investing LLC grew its stake in shares of Brink’s by 119.0% in the 2nd quarter. GAMMA Investing LLC now owns 460 shares of the business services provider’s stock valued at $47,000 after buying an additional 250 shares during the period. Finally, MFA Wealth Advisors LLC bought a new position in Brink’s in the second quarter worth approximately $47,000. Institutional investors and hedge funds own 94.96% of the company’s stock.

Brink’s Company Profile

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 line maintenance services; and cash-in-transit services.