Brink's (NYSE:BCO) Rating Lowered to Hold at Wall Street Zen

Key Points

• Wall Street Zen downgraded Brink’s from Buy to Hold. Weiss Ratings also lowered its assessment, from Hold (C+) to Hold (C), though analysts’ overall consensus remains Moderate Buy with a $154 price target.
• In its latest quarter, Brink’s reported EPS of $2.46, beating the $2.21 estimate, while revenue of $1.37 billion fell short of forecasts. Revenue grew 3% year over year.
• Shares opened at $110.44, and institutional investors own nearly 95% of the company’s stock.

Brink's (NYSE:BCO - Get Free Report) was downgraded by stock analysts at Wall Street Zen from a "buy" rating to a "hold" rating in a research note issued to investors on Saturday, Wall Street Zen reports.

Separately, Weiss Ratings downgraded Brink's from a "hold (c+)" rating to a "hold (c)" rating in a report on Thursday, October 8th. Two research analysts have rated the stock with a Buy rating and one has given a Hold rating to the company's stock. Based on data from MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus price target of $154.00.

Brink's Stock Up 0.4%

Shares of NYSE:BCO opened at $110.44 on Friday. The business has a fifty day simple moving average of $106.34 and a 200 day simple moving average of $110.22. Brink's has a 12-month low of $91.05 and a 12-month high of $136.37. The firm has a market cap of $4.55 billion, a P/E ratio of 12.56 and a beta of 0.95. The company has a quick ratio of 1.62, a current ratio of 1.62 and a debt-to-equity ratio of 8.80.

Brink's (NYSE:BCO - Get Free Report) last announced its quarterly earnings results on Wednesday, November 4th. The business services provider reported $2.46 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.21 by $0.25. The business had revenue of $1.37 billion during the quarter, compared to the consensus estimate of $1.39 billion. Brink's had a return on equity of 87.18% and a net margin of 3.30%. Brink's's revenue was up 3.0% compared to the same quarter last year. During the same quarter in the prior year, the company posted $2.08 earnings per share. Analysts predict that Brink's will post 8.99 earnings per share for the current year.

Institutional Investors Weigh In On Brink's

A number of institutional investors and hedge funds have recently bought and sold shares of BCO. Russell Investments Group Ltd. increased its stake in Brink's by 18.5% in the 3rd quarter. Russell Investments Group Ltd. now owns 31,123 shares of the business services provider's stock valued at $3,143,000 after buying an additional 4,850 shares during the period. King Luther Capital Management Corp lifted its position in shares of Brink's by 10.7% during the 3rd quarter. King Luther Capital Management Corp now owns 102,402 shares of the business services provider's stock worth $10,342,000 after purchasing an additional 9,871 shares during the last quarter. Knights of Columbus Asset Advisors LLC lifted its holdings in shares of Brink's by 0.5% during the third quarter. Knights of Columbus Asset Advisors LLC now owns 26,713 shares of the business services provider's stock worth $2,698,000 after buying an additional 125 shares during the last quarter. Lido Advisors LLC bought a new position in shares of Brink's during the 3rd quarter worth about $238,000. Finally, AlphaCore Capital LLC bought a new position in Brink's in the third quarter worth $325,000. Hedge funds and other institutional investors own 94.96% of the company's stock.

About Brink's

Brink's Company NYSE: BCO is a global provider of security and logistics services. The company helps businesses, financial institutions, retailers, governments and other organizations protect, transport and manage cash, valuables and other high-value assets.

Its services include secure transportation, cash-in-transit operations, ATM replenishment and servicing, cash processing, vaulting, cash management and related payment services. Brink's also provides international logistics for precious metals, jewelry, gemstones, artwork and other valuables through its Brink's Global Services business.

Founded in 1859, Brink's serves customers across North America, Latin America, Europe, the Middle East, Africa and the Asia-Pacific region through a worldwide network of employees, vehicles and facilities.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.