Truist Financial Increases Brink’s (NYSE:BCO) Price Target 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 released on Friday morning, Benzinga reports. They currently have 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 report on Friday, August 16th. Three equities research analysts have rated the stock with a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, Brink’s presently has a consensus rating of Buy and a consensus price target of $123.50.

Brink’s Stock Performance

Shares of BCO opened at $112.93 on Friday. The company has a quick ratio of 1.57, a current ratio of 1.57 and a debt-to-equity ratio of 7.78. The business’s 50 day moving average price is $105.74 and its 200-day moving average price is $98.57. Brink’s has a 52 week low of $64.15 and a 52 week high of $113.63. The stock has a market cap of $5.02 billion, a P/E ratio of 43.27 and a beta of 1.43.

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

Brink’s Announces Dividend

The company also recently disclosed 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 of this dividend is Monday, November 4th. This represents a $0.97 dividend on an annualized basis and a yield of 0.86%. Brink’s’s payout ratio is currently 37.16%.

Hedge Funds Weigh In On Brink’s

A number of hedge funds have recently added to or reduced their stakes in the company. Covestor Ltd raised its stake in Brink’s by 154.8% during the 1st quarter. Covestor Ltd now owns 316 shares of the business services provider’s stock valued at $29,000 after buying an additional 192 shares during the last quarter. Headlands Technologies LLC purchased a new stake in Brink’s during the 2nd quarter valued at $37,000. LRI Investments LLC purchased a new stake in Brink’s during the 1st quarter valued at $37,000. MFA Wealth Advisors LLC purchased a new stake in Brink’s during the 2nd quarter valued at $47,000. Finally, GAMMA Investing LLC raised its stake in Brink’s by 119.0% during 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 last quarter. 94.96% of the stock is currently owned by hedge funds and other institutional investors.

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.