Brink's - BCO Stock Forecast, Price & News

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, replenishment forecasting, cash optimization, ATM remote monitoring, service call dispatching, transaction processing, installation, and first and second line maintenance services; network infrastructure; and cash-in-transit services. It also provides transportation services for diamonds, jewelry, precious metals, securities, bank notes, currency, high-tech devices, electronics, and pharmaceuticals; vault outsourcing and money processing services; and services related to deploying and servicing intelligent safes and safe control devices, as well as cashier balancing, counterfeit detection, account consolidation, electronic reporting, check imaging, and reconciliation services. In addition, the company offers technology applications, including online cash tracking, cash inventory management, and other web-based tools. Further, it provides bill payment and collection services; prepaid cards and corporate debit cards; and security system design and installation services that include alarms, motion detectors, closed-circuit televisions, and digital video recorders, as well as access control systems comprising card and biometric readers, electronic locks, and turnstiles. Additionally, the company offers monitoring services; and security and guarding services to protect airports, offices, warehouses, stores, and public venues. It serves banks and financial institutions, retailers, government agencies, mints, jewelers, and other commercial operations. The company was formerly known as The Pittston Company and changed its name to The Brink's Company in May 2003. The Brink's Company was founded in 1859 and is headquartered in Richmond, Virginia.

Analyst Ratings Changes

Several analysts have recently issued reports on the stock. StockNews.com upgraded shares of Brink's from a "buy" rating to a "strong-buy" rating in a research report on Tuesday. Truist Financial decreased their target price on shares of Brink's from $96.00 to $78.00 in a research report on Monday, August 1st.

Brink's Trading Up 0.3 %

Brink's stock traded up $0.16 during midday trading on Wednesday, reaching $56.45. The stock had a trading volume of 542,843 shares, compared to its average volume of 318,399. The company has a quick ratio of 1.62, a current ratio of 1.62 and a debt-to-equity ratio of 8.35. Brink's has a 52-week low of $53.72 and a 52-week high of $80.17. The firm has a market cap of $2.67 billion, a price-to-earnings ratio of 15.85 and a beta of 1.29. The company has a fifty day moving average of $57.87 and a 200 day moving average of $62.39.

Brink's (NYSE:BCO - Get Rating) last posted its quarterly earnings data on Wednesday, August 3rd. The business services provider reported $1.29 earnings per share for the quarter, topping analysts' consensus estimates of $1.20 by $0.09. Brink's had a net margin of 3.94% and a return on equity of 83.35%. During the same period last year, the company posted $1.18 EPS. On average, analysts anticipate that Brink's will post 5.57 earnings per share for the current fiscal year.

Brink's Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, September 1st. Investors of record on Monday, August 8th will be given a $0.20 dividend. This represents a $0.80 dividend on an annualized basis and a yield of 1.42%. The ex-dividend date of this dividend is Friday, August 5th. Brink's's dividend payout ratio (DPR) is currently 22.47%.

Insider Buying and Selling

In related news, EVP Simon Davis bought 8,500 shares of Brink's stock in a transaction dated Friday, June 10th. The shares were acquired at an average cost of $59.35 per share, with a total value of $504,475.00. Following the completion of the transaction, the executive vice president now owns 39,534 shares in the company, valued at approximately $2,346,342.90. The purchase was disclosed in a filing with the SEC, which can be accessed through this link. 3.72% of the stock is currently owned by corporate insiders.