Brink’s (NYSE:BCO) Price Target Cut to $138.00 by Analysts at Truist Financial

Brink’s (NYSE:BCO) had its price target decreased by Truist Financial from $144.00 to $138.00 in a report released on Thursday,Benzinga reports. Truist Financial currently has a buy rating on the business services provider’s stock.

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

Brink’s Trading Down 0.9 %

Brink’s stock traded down $0.88 during mid-day trading on Thursday, hitting $99.63. The company’s stock had a trading volume of 305,211 shares, compared to its average volume of 258,880. The business has a 50 day moving average price of $108.50 and a 200-day moving average price of $103.35. Brink’s has a 12 month low of $72.68 and a 12 month high of $115.91. The stock has a market cap of $4.40 billion, a price-to-earnings ratio of 38.07 and a beta of 1.44. 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 posted its quarterly earnings results on Wednesday, November 6th. The business services provider reported $1.51 EPS for the quarter, missing analysts’ consensus estimates of $1.79 by ($0.28). Brink’s had a net margin of 2.73% and a return on equity of 69.80%. The firm had revenue of $1.19 billion for the quarter, compared to the consensus estimate of $1.27 billion. During the same quarter in the prior year, the company earned $1.92 earnings per share. The company’s quarterly revenue was down 3.4% compared to the same quarter last year. As a group, analysts forecast that Brink’s will post 7.4 EPS for the current year.

Brink’s Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, December 2nd. Investors of record on Monday, November 4th will be issued a $0.2425 dividend. The ex-dividend date is Monday, November 4th. This represents a $0.97 dividend on an annualized basis and a yield of 0.97%. Brink’s’s dividend payout ratio is currently 36.74%.

Institutional Trading of Brink’s

A number of hedge funds and other institutional investors have recently bought and sold shares of the stock. US Bancorp DE increased its holdings in Brink’s by 7.1% in the 3rd quarter. US Bancorp DE now owns 1,584 shares of the business services provider’s stock worth $183,000 after acquiring an additional 105 shares in the last quarter. Arizona State Retirement System lifted its holdings in Brink’s by 1.1% in the 2nd quarter. Arizona State Retirement System now owns 12,521 shares of the business services provider’s stock worth $1,282,000 after purchasing an additional 140 shares in the last quarter. Quarry LP boosted its stake in Brink’s by 21.4% in the 2nd quarter. Quarry LP now owns 852 shares of the business services provider’s stock worth $87,000 after purchasing an additional 150 shares during the period. Inspire Investing LLC grew its holdings in Brink’s by 4.6% during the 3rd quarter. Inspire Investing LLC now owns 3,567 shares of the business services provider’s stock valued at $412,000 after buying an additional 156 shares in the last quarter. Finally, Measured Wealth Private Client Group LLC raised its position in shares of Brink’s by 7.0% during the third quarter. Measured Wealth Private Client Group LLC now owns 2,774 shares of the business services provider’s stock valued at $321,000 after buying an additional 181 shares during the last quarter. Hedge funds and other institutional investors own 94.96% of the company’s stock.

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.