Brink’s (NYSE:BCO) Price Target Increased to $144.00 by Analysts at Truist Financial

Brink’s (NYSE:BCO) had its price target raised by Truist Financial from $110.00 to $144.00 in a report issued on Friday morning, 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 research report on Friday, August 16th. Three 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.com, Brink’s currently has a consensus rating of Buy and a consensus price target of $123.50.

Brink’s Price Performance

Shares of BCO opened at $112.93 on Friday. 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 firm has a market capitalization of $5.02 billion, a PE ratio of 43.27 and a beta of 1.43. The stock has a 50 day simple moving average of $105.90 and a 200 day simple moving average of $98.77. Brink’s has a 52-week low of $64.15 and a 52-week high of $114.49.

Brink’s (NYSE:BCO) last posted its quarterly earnings data 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. The business had revenue of $1.25 billion for the quarter, compared to analysts’ expectations of $1.26 billion. Brink’s had a net margin of 2.73% and a return on equity of 69.80%. The firm’s revenue was up 3.0% compared to the same quarter last year. During the same period in the previous year, the firm posted $1.18 EPS. Sell-side analysts predict that Brink’s will post 7.51 EPS for the current fiscal year.

Brink’s Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Monday, December 2nd. Shareholders 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 yield of 0.86%. Brink’s’s dividend payout ratio (DPR) is presently 37.16%.

Institutional Trading of Brink’s

Several institutional investors and hedge funds have recently bought and sold shares of BCO. Covestor Ltd increased its stake in shares of Brink’s by 154.8% during the 1st quarter. Covestor Ltd now owns 316 shares of the business services provider’s stock worth $29,000 after purchasing an additional 192 shares during the last quarter. LRI Investments LLC acquired a new position in shares of Brink’s during the 1st quarter worth approximately $37,000. Headlands Technologies LLC acquired a new stake in Brink’s during the 2nd quarter valued at $37,000. GAMMA Investing LLC boosted its position in Brink’s by 119.0% during the second quarter. GAMMA Investing LLC now owns 460 shares of the business services provider’s stock worth $47,000 after purchasing an additional 250 shares during the period. Finally, MFA Wealth Advisors LLC acquired a new position in shares of Brink’s in the second quarter valued at $47,000. Institutional investors own 94.96% of the company’s stock.

Brink’s Company Profile

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.