Shares of Brink's (NYSE:BCO) have received a consensus recommendation of "Buy" from the seven ratings firms that are covering the stock, MarketBeat reports. Three equities research analysts have rated the stock with a hold rating and four have issued a buy rating on the company. The average 1 year target price among brokers that have issued a report on the stock in the last year is $96.00.
Separately, Zacks Investment Research downgraded shares of Brink's from a "strong-buy" rating to a "hold" rating in a report on Tuesday, September 29th.
Hedge funds have recently added to or reduced their stakes in the company. Advisor Group Holdings Inc. purchased a new position in shares of Brink's in the first quarter worth $48,000. Cutler Group LP lifted its holdings in shares of Brink's by 938.0% in the second quarter. Cutler Group LP now owns 1,081 shares of the business services provider's stock worth $49,000 after buying an additional 1,210 shares in the last quarter. CSat Investment Advisory L.P. lifted its holdings in shares of Brink's by 2,650.9% in the second quarter. CSat Investment Advisory L.P. now owns 2,916 shares of the business services provider's stock worth $133,000 after buying an additional 2,810 shares in the last quarter. Verition Fund Management LLC purchased a new position in shares of Brink's in the second quarter worth $209,000. Finally, Guggenheim Capital LLC lifted its holdings in shares of Brink's by 23.3% in the first quarter. Guggenheim Capital LLC now owns 4,503 shares of the business services provider's stock worth $234,000 after buying an additional 852 shares in the last quarter.
Shares of NYSE BCO opened at $45.00 on Friday. The firm has a 50 day moving average of $45.55 and a 200 day moving average of $45.09. The company has a current ratio of 1.56, a quick ratio of 1.56 and a debt-to-equity ratio of 12.38. The firm has a market capitalization of $2.27 billion, a price-to-earnings ratio of 136.36 and a beta of 1.23. Brink's has a 12-month low of $33.17 and a 12-month high of $97.12.
Brink's (NYSE:BCO) last announced its earnings results on Wednesday, July 29th. The business services provider reported $0.67 earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.12) by $0.79. The company had revenue of $826.00 million during the quarter, compared to analyst estimates of $724.88 million. Brink's had a net margin of 0.50% and a return on equity of 99.81%. The firm's quarterly revenue was down 9.6% compared to the same quarter last year. During the same period in the previous year, the business posted $0.84 earnings per share. Sell-side analysts predict that Brink's will post 2.11 EPS for the current year.
The Brink's Company provides secure transportation, cash management, and other security-related services in North America, South America, and internationally. The company offers cash-in-transit services, including armored vehicle transportation of valuables; automated teller machine (ATM) services, such as cash replenishment, replenishment forecasting, cash optimization, ATM remote monitoring, service call dispatching, transaction processing, installation, and first and second line maintenance; and network infrastructure services.
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Restaurant Stocks That Still Look Tasty As the Economy Reopens
As part of our national response to the Covid-19 pandemic, many Americans considered it their patriotic, if not moral, duty to support the restaurant industry. And while many consumers were intensely focused on their small, local restaurants, the national chains were still open for business during this time.
And the reality is that the national chains are going to be the most adaptable to whatever pace of economic recovery we see. Hopes for a “V” shaped recovery have pretty much gone out the window. The new model suggests a stair-step recovery may be the best-case scenario.
The worst case scenario for the restaurant industry will be one where different regions of the country are subject to rolling lockdowns. In a business with notoriously low margins, an open/close, open/close recovery would be disastrous.
It’s one reason why I’m not sure I would be diving into restaurant stocks right now. But the same was being said of airline stocks and cruise line stocks. And sure enough, discount investors have been trying to invest in these stocks.
But as all 50 states have now re-opened in some fashion, it’s not unlikely that restaurant stocks are drawing attention from investors. We’ve put together this presentation that highlights seven restaurant stocks that you should consider looking at if you want to dive into this sector.
View the "Restaurant Stocks That Still Look Tasty As the Economy Reopens".