Brink’s (NYSE:BCO) Given New $138.00 Price Target at Truist Financial

Brink’s (NYSE:BCO) had its price objective trimmed by Truist Financial from $144.00 to $138.00 in a research note released on Thursday,Benzinga reports. The firm 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 report on Friday, August 16th. Three investment analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, Brink’s has an average rating of “Buy” and a consensus price target of $120.50.

Brink’s Trading Down 0.9 %

Shares of BCO traded down $0.88 on Thursday, reaching $99.63. 305,211 shares of the company’s stock were exchanged, compared to its average volume of 258,880. Brink’s has a 12 month low of $72.68 and a 12 month high of $115.91. The company has a current ratio of 1.57, a quick ratio of 1.57 and a debt-to-equity ratio of 7.78. The stock has a market capitalization of $4.40 billion, a P/E ratio of 38.07 and a beta of 1.44. The business has a 50 day moving average price of $108.50 and a two-hundred day moving average price of $103.35.

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). The business had revenue of $1.19 billion for the quarter, compared to the consensus estimate of $1.27 billion. Brink’s had a return on equity of 69.80% and a net margin of 2.73%. The company’s revenue for the quarter was down 3.4% on a year-over-year basis. During the same quarter in the previous year, the business posted $1.92 EPS. Research analysts anticipate that Brink’s will post 7.4 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. Shareholders of record on Monday, November 4th will be given a $0.2425 dividend. The ex-dividend date is Monday, November 4th. This represents a $0.97 annualized dividend and a yield of 0.97%. Brink’s’s dividend payout ratio is currently 36.74%.

Institutional Trading of Brink’s

Large investors have recently added to or reduced their stakes in the stock. LSV Asset Management grew its holdings in Brink’s by 15,919.2% during the second quarter. LSV Asset Management now owns 800,961 shares of the business services provider’s stock valued at $82,018,000 after purchasing an additional 795,961 shares during the period. Fiera Capital Corp purchased a new position in shares of Brink’s in the third quarter worth about $27,460,000. Lazard Asset Management LLC raised its position in shares of Brink’s by 375.2% in the first quarter. Lazard Asset Management LLC now owns 99,677 shares of the business services provider’s stock valued at $9,207,000 after purchasing an additional 78,700 shares during the period. Swedbank AB bought a new position in Brink’s in the 2nd quarter worth approximately $7,700,000. Finally, Vanguard Group Inc. grew its stake in Brink’s by 1.4% in the 1st quarter. Vanguard Group Inc. now owns 4,662,790 shares of the business services provider’s stock valued at $430,749,000 after buying an additional 63,853 shares in 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.