Brink’s (NYSE:BCO) Hits New 1-Year High After Analyst Upgrade

The Brink’s Company (NYSE:BCO)’s stock price hit a new 52-week high on Monday after Truist Financial raised their price target on the stock from $110.00 to $144.00. Truist Financial currently has a buy rating on the stock. Brink’s traded as high as $114.49 and last traded at $113.47, with a volume of 20582 shares. The stock had previously closed at $112.93.

Separately, StockNews.com raised 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 assigned a strong buy rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of “Buy” and a consensus target price of $123.50.

Institutional Trading of Brink’s

A number of large investors have recently modified their holdings of BCO. Covestor Ltd increased 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 period. Headlands Technologies LLC acquired a new position in Brink’s during the 2nd quarter valued at about $37,000. LRI Investments LLC acquired a new position in Brink’s during the 1st quarter valued at about $37,000. MFA Wealth Advisors LLC acquired a new position in Brink’s during the 2nd quarter valued at about $47,000. Finally, GAMMA Investing LLC increased 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 period. Institutional investors and hedge funds own 94.96% of the company’s stock.

Brink’s Stock Performance

The stock has a market cap of $4.97 billion, a price-to-earnings ratio of 42.87 and a beta of 1.43. The company has a debt-to-equity ratio of 7.78, a quick ratio of 1.57 and a current ratio of 1.57. The company’s 50 day simple moving average is $106.00 and its 200 day simple moving average is $98.97.

Brink’s (NYSE:BCO) last released its earnings results on Wednesday, August 7th. The business services provider reported $1.67 EPS for the quarter, beating the consensus estimate of $1.47 by $0.20. Brink’s had a net margin of 2.73% and a return on equity of 69.80%. The firm had revenue of $1.25 billion for the quarter, compared to analysts’ expectations of $1.26 billion. During the same quarter last year, the company earned $1.18 EPS. Brink’s’s quarterly revenue was up 3.0% on a year-over-year basis. On average, equities research analysts anticipate that The Brink’s Company will post 7.51 earnings per share for the current year.

Brink’s Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, December 2nd. Stockholders of record on Monday, November 4th will be given a dividend of $0.2425 per share. The ex-dividend date is Monday, November 4th. This represents a $0.97 annualized dividend and a dividend yield of 0.87%. Brink’s’s dividend payout ratio (DPR) is 37.16%.

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.