SunTrust Banks, Inc. restated their buy rating on shares of Brink’s Company (NYSE:BCO) in a research note released on Wednesday, October 18th. SunTrust Banks, Inc. currently has a $98.00 target price on the business services provider’s stock.
BCO has been the topic of several other research reports. Imperial Capital upgraded shares of Brink’s from an in-line rating to an outperform rating and increased their price objective for the stock from $72.00 to $86.00 in a research note on Wednesday, August 9th. Zacks Investment Research cut shares of Brink’s from a strong-buy rating to a hold rating in a research report on Monday, September 18th. Finally, ValuEngine cut shares of Brink’s from a buy rating to a hold rating in a research report on Monday, October 2nd. Two investment analysts have rated the stock with a hold rating, five have assigned a buy rating and one has assigned a strong buy rating to the company. The stock currently has an average rating of Buy and a consensus target price of $93.67.
Shares of Brink’s (NYSE BCO) traded up 1.79% during midday trading on Wednesday, reaching $79.50. The company’s stock had a trading volume of 879,017 shares. The company has a market capitalization of $4.01 billion, a P/E ratio of 47.32 and a beta of 1.70. The stock’s 50-day moving average is $82.92 and its 200-day moving average is $71.70. Brink’s has a one year low of $38.48 and a one year high of $87.30.
Brink’s (NYSE:BCO) last issued its earnings results on Wednesday, October 25th. The business services provider reported $0.83 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.75 by $0.08. The business had revenue of $849.50 million for the quarter, compared to analyst estimates of $841.57 million. Brink’s had a net margin of 2.48% and a return on equity of 18.11%. The company’s revenue for the quarter was up 12.4% on a year-over-year basis. During the same quarter in the prior year, the business posted $0.64 EPS. On average, equities analysts expect that Brink’s will post $3.03 earnings per share for the current fiscal year.
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The firm also recently announced a quarterly dividend, which will be paid on Friday, December 1st. Investors of record on Monday, November 13th will be paid a dividend of $0.15 per share. This represents a $0.60 annualized dividend and a yield of 0.75%. The ex-dividend date is Friday, November 10th. Brink’s’s dividend payout ratio is presently 37.97%.
In other news, CFO Ronald James Domanico bought 3,000 shares of the stock in a transaction that occurred on Thursday, October 26th. The shares were acquired at an average cost of $77.49 per share, for a total transaction of $232,470.00. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CEO Douglas A. Pertz bought 1,280 shares of the stock in a transaction that occurred on Thursday, October 26th. The stock was purchased at an average price of $78.00 per share, for a total transaction of $99,840.00. The disclosure for this purchase can be found here. In the last quarter, insiders sold 501,415 shares of company stock valued at $38,681,954. Insiders own 10.40% of the company’s stock.
A number of hedge funds and other institutional investors have recently bought and sold shares of BCO. BlackRock Inc. grew its position in Brink’s by 118,199.8% in the 1st quarter. BlackRock Inc. now owns 5,447,704 shares of the business services provider’s stock worth $291,179,000 after purchasing an additional 5,443,099 shares during the last quarter. Thrivent Financial For Lutherans grew its position in Brink’s by 2,932.2% in the 2nd quarter. Thrivent Financial For Lutherans now owns 773,525 shares of the business services provider’s stock worth $51,827,000 after purchasing an additional 748,015 shares during the last quarter. American Century Companies Inc. grew its position in Brink’s by 148.7% in the 2nd quarter. American Century Companies Inc. now owns 1,127,433 shares of the business services provider’s stock worth $75,538,000 after purchasing an additional 674,096 shares during the last quarter. Vaughan Nelson Investment Management L.P. acquired a new stake in Brink’s in the 2nd quarter worth $40,125,000. Finally, Principal Financial Group Inc. grew its position in Brink’s by 128.6% in the 2nd quarter. Principal Financial Group Inc. now owns 807,295 shares of the business services provider’s stock worth $54,089,000 after purchasing an additional 454,097 shares during the last quarter. Institutional investors own 90.07% of the company’s stock.
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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