StockNews.com Upgrades Brink’s (NYSE:BCO) to “Strong-Buy”

StockNews.com upgraded shares of Brink’s (NYSE:BCO) from a buy rating to a strong-buy rating in a research report report published on Friday morning.

Separately, Truist Financial lowered their price objective on shares of Brink’s from $144.00 to $138.00 and set a “buy” rating for the company in a research report on Thursday, November 7th. Three research analysts have rated the stock with a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat.com, Brink’s has a consensus rating of “Buy” and a consensus price target of $120.50.

Brink’s Price Performance

BCO opened at $94.16 on Friday. The company has a 50-day moving average of $92.61 and a 200-day moving average of $99.71. The company has a market capitalization of $4.11 billion, a P/E ratio of 35.67 and a beta of 1.39. Brink’s has a 1-year low of $80.95 and a 1-year high of $115.91. The company has a debt-to-equity ratio of 8.76, a quick ratio of 1.57 and a current ratio of 1.57.

Brink’s (NYSE:BCO) last released its earnings results on Wednesday, February 26th. The business services provider reported $2.12 earnings per share for the quarter, topping the consensus estimate of $1.86 by $0.26. The company had revenue of $1.26 billion during the quarter, compared to the consensus estimate of $1.25 billion. Brink’s had a net margin of 2.37% and a return on equity of 71.46%. Equities analysts expect that Brink’s will post 6.49 EPS for the current fiscal year.

Brink’s Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, March 3rd. Investors of record on Monday, February 3rd will be given a dividend of $0.2425 per share. This represents a $0.97 dividend on an annualized basis and a dividend yield of 1.03%. The ex-dividend date is Monday, February 3rd. Brink’s’s dividend payout ratio is presently 36.74%.

Institutional Investors Weigh In On Brink’s

Institutional investors have recently modified their holdings of the business. Sound Income Strategies LLC grew its position in Brink’s by 13.6% in the 4th quarter. Sound Income Strategies LLC now owns 69,930 shares of the business services provider’s stock worth $6,487,000 after purchasing an additional 8,352 shares during the last quarter. JPMorgan Chase & Co. grew its position in Brink’s by 10.9% in the 3rd quarter. JPMorgan Chase & Co. now owns 241,277 shares of the business services provider’s stock worth $27,901,000 after purchasing an additional 23,781 shares during the last quarter. New York State Common Retirement Fund grew its position in Brink’s by 24.9% in the 3rd quarter. New York State Common Retirement Fund now owns 252,617 shares of the business services provider’s stock worth $29,213,000 after purchasing an additional 50,292 shares during the last quarter. B. Metzler seel. Sohn & Co. Holding AG bought a new position in Brink’s in the 3rd quarter worth about $1,497,000. Finally, Wellington Management Group LLP grew its position in Brink’s by 203.5% in the 3rd quarter. Wellington Management Group LLP now owns 69,693 shares of the business services provider’s stock worth $8,059,000 after purchasing an additional 46,729 shares during the last quarter. Institutional investors own 94.96% of the company’s stock.

Brink’s Company Profile

The Brink’s Co engages in providing cash management services, digital retail solutions, and ATM managed services. It operates through the following geographical segments: North America, Latin America, Europe, and Rest of World. The North America segment operates in the U.S. and Canada. The Latin America segment refers to the operations in Latin American countries.