Truist Financial Increases Brink’s (NYSE:BCO) Price Target to $144.00

Brink’s (NYSE:BCO) had its price objective upped by investment analysts at Truist Financial from $110.00 to $144.00 in a research report issued to clients and investors on Friday, Benzinga reports. The firm currently has a “buy” rating on the business services provider’s stock. Truist Financial’s price target would indicate a potential upside of 27.85% from the stock’s previous close.

Separately, StockNews.com upgraded Brink’s from a “buy” rating to a “strong-buy” rating in a report on Friday, August 16th. Three analysts have rated the stock with a buy rating and one has issued a strong buy rating to the company’s 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 Trading Up 0.7 %

BCO traded up $0.83 on Friday, reaching $112.63. 123,715 shares of the company’s stock were exchanged, compared to its average volume of 252,922. Brink’s has a twelve month low of $64.15 and a twelve month high of $113.63. The company’s 50 day moving average is $105.56 and its 200-day moving average is $98.16. 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 company has a market cap of $4.97 billion, a price-to-earnings ratio of 43.15 and a beta of 1.43.

Brink’s (NYSE:BCO) last posted its earnings results on Wednesday, August 7th. The business services provider reported $1.67 earnings per share 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 analyst estimates of $1.26 billion. Brink’s had a net margin of 2.73% and a return on equity of 69.80%. The business’s quarterly revenue was up 3.0% on a year-over-year basis. During the same quarter in the previous year, the business posted $1.18 EPS. Equities analysts predict that Brink’s will post 7.51 earnings per share for the current year.

Institutional Trading of Brink’s

Several institutional investors have recently added to or reduced their stakes in the business. LSV Asset Management grew its position in shares of Brink’s by 15,919.2% during the 2nd quarter. LSV Asset Management now owns 800,961 shares of the business services provider’s stock valued at $82,018,000 after buying an additional 795,961 shares during the last quarter. Norges Bank bought a new position in shares of Brink’s during the fourth quarter valued at approximately $21,375,000. Fourth Sail Capital LP acquired a new stake in shares of Brink’s during the 1st quarter worth approximately $11,501,000. Lazard Asset Management LLC lifted its holdings in shares of Brink’s by 375.2% in the 1st quarter. Lazard Asset Management LLC now owns 99,677 shares of the business services provider’s stock worth $9,207,000 after purchasing an additional 78,700 shares during the last quarter. Finally, Swedbank AB bought a new stake in shares of Brink’s in the 2nd quarter worth approximately $7,700,000. 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.