Truist Financial Has Lowered Expectations for Brink’s (NYSE:BCO) Stock Price

Brink’s (NYSE:BCO) had its price objective lowered by investment analysts at Truist Financial from $144.00 to $138.00 in a research note issued to investors on Thursday, Benzinga reports. The brokerage currently has a “buy” rating on the business services provider’s stock. Truist Financial’s price objective points to a potential upside of 34.40% from the stock’s previous close.

Separately, StockNews.com raised shares of Brink’s from a “buy” rating to a “strong-buy” rating in a research note on Friday, August 16th. Three investment analysts have rated the stock with a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Buy” and a consensus price target of $120.50.

Brink’s Trading Down 1.2 %

BCO opened at $102.68 on Thursday. The company’s 50 day moving average price is $108.68 and its two-hundred day moving average price is $103.37. The firm has a market capitalization of $4.53 billion, a price-to-earnings ratio of 34.69 and a beta of 1.44. Brink’s has a fifty-two week low of $70.90 and a fifty-two week high of $115.91. The company has a debt-to-equity ratio of 7.78, a current ratio of 1.57 and a quick ratio of 1.57.

Brink’s (NYSE:BCO) last announced its earnings results on Wednesday, November 6th. The business services provider reported $1.51 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.86 by ($0.35). Brink’s had a return on equity of 69.80% and a net margin of 2.73%. The company had revenue of $1.19 billion for the quarter, compared to the consensus estimate of $1.27 billion. During the same period in the prior year, the business earned $1.92 earnings per share. The firm’s revenue for the quarter was down 3.4% on a year-over-year basis. As a group, research analysts predict that Brink’s will post 7.4 earnings per share for the current year.

Institutional Investors Weigh In On Brink’s

A number of large investors have recently bought and sold shares of BCO. Jupiter Asset Management Ltd. acquired a new stake in shares of Brink’s in the 1st quarter valued at about $1,945,000. Tidal Investments LLC lifted its stake in shares of Brink’s by 228.6% in the first quarter. Tidal Investments LLC now owns 17,105 shares of the business services provider’s stock valued at $1,580,000 after buying an additional 11,899 shares in the last quarter. SG Americas Securities LLC grew its holdings in shares of Brink’s by 219.9% during the second quarter. SG Americas Securities LLC now owns 8,846 shares of the business services provider’s stock valued at $906,000 after buying an additional 6,081 shares during the last quarter. Vanguard Group Inc. increased its position in shares of Brink’s by 1.4% during the first quarter. Vanguard Group Inc. now owns 4,662,790 shares of the business services provider’s stock worth $430,749,000 after acquiring an additional 63,853 shares in the last quarter. Finally, Renaissance Technologies LLC raised its stake in shares of Brink’s by 36.8% in the second quarter. Renaissance Technologies LLC now owns 234,000 shares of the business services provider’s stock worth $23,962,000 after purchasing an additional 63,000 shares during the last quarter. 94.96% of the stock is currently owned by institutional investors and hedge funds.

About Brink’s

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.