Brink's (NYSE:BCO) Rating Lowered to Strong Sell at Zacks Research

Key Points

• Zacks Research downgraded Brink’s from “hold” to “strong sell.” Other recent analyst changes were also negative, though MarketBeat’s overall consensus remains “Hold” with an average price target of $154.
• Brink’s reported quarterly EPS of $2.46, beating estimates of $2.21, while revenue of $1.37 billion fell short of expectations. Revenue increased 3% year over year.
• Shares opened at $110.44 and rose 0.4% that day; institutional investors and hedge funds own 94.96% of the stock.

Brink's (NYSE:BCO - Get Free Report) was downgraded by analysts at Zacks Research from a "hold" rating to a "strong sell" rating in a research note issued on Thursday, Zacks reports.

Other analysts have also recently issued research reports about the company. Weiss Ratings cut Brink's from a "hold (c+)" rating to a "hold (c)" rating in a research report on Thursday, October 8th. Wall Street Zen downgraded Brink's from a "buy" rating to a "hold" rating in a report on Saturday. Two research analysts have rated the stock with a Buy rating, one has given a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of "Hold" and an average price target of $154.00.

Brink's Stock Up 0.4%

Shares of NYSE BCO opened at $110.44 on Thursday. The stock has a market cap of $4.55 billion, a P/E ratio of 28.99 and a beta of 0.95. Brink's has a 52-week low of $91.05 and a 52-week high of $136.37. The firm has a 50 day moving average price of $106.34 and a 200 day moving average price of $110.22. The company has a debt-to-equity ratio of 8.80, a quick ratio of 1.62 and a current ratio of 1.62.

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

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in the business. NFSG Corp bought a new position in shares of Brink's in the first quarter valued at approximately $32,000. Public Employees Retirement System of Ohio acquired a new stake in shares of Brink's in the second quarter worth approximately $75,000. Rockefeller Capital Management L.P. grew its position in shares of Brink's by 29.6% during the fourth quarter. Rockefeller Capital Management L.P. now owns 950 shares of the business services provider's stock worth $111,000 after buying an additional 217 shares in the last quarter. Nykredit A S acquired a new stake in shares of Brink's during the 2nd quarter valued at approximately $111,000. Finally, Valley National Advisers Inc. acquired a new stake in Brink's in the third quarter valued at approximately $126,000. 94.96% of the stock is owned by institutional investors and hedge funds.

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.

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