Brink’s (NYSE:BCO) Raised to Strong-Buy at StockNews.com

Brink’s (NYSE:BCO) was upgraded by equities research analysts at StockNews.com from a “buy” rating to a “strong-buy” rating in a research report issued to clients and investors on Friday.

Separately, Truist Financial cut their price objective on Brink’s from $144.00 to $138.00 and set a “buy” rating on the stock in a report on Thursday, November 7th.

Brink’s Stock Up 2.3 %

NYSE BCO opened at $94.16 on Friday. The company has a current ratio of 1.57, a quick ratio of 1.57 and a debt-to-equity ratio of 8.76. Brink’s has a 1-year low of $80.95 and a 1-year high of $115.91. The company has a 50 day moving average of $92.69 and a 200-day moving average of $99.71. The company has a market cap of $4.11 billion, a price-to-earnings ratio of 35.67 and a beta of 1.39.

Brink’s (NYSE:BCO) last announced its quarterly earnings data on Wednesday, February 26th. The business services provider reported $2.12 EPS for the quarter, beating the consensus estimate of $1.86 by $0.26. Brink’s had a net margin of 2.37% and a return on equity of 71.46%. The business had revenue of $1.26 billion during the quarter, compared to the consensus estimate of $1.25 billion. On average, equities research analysts expect that Brink’s will post 6.49 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Brink’s

A number of institutional investors have recently modified their holdings of BCO. Mather Group LLC. boosted its stake in Brink’s by 146.2% during the fourth quarter. Mather Group LLC. now owns 293 shares of the business services provider’s stock worth $27,000 after acquiring an additional 174 shares in the last quarter. Sierra Ocean LLC bought a new position in Brink’s during the fourth quarter worth $36,000. Golden State Wealth Management LLC bought a new position in Brink’s during the fourth quarter worth $55,000. Aquatic Capital Management LLC bought a new position in Brink’s during the fourth quarter worth $56,000. Finally, First Horizon Advisors Inc. boosted its stake in Brink’s by 200.5% during the third quarter. First Horizon Advisors Inc. now owns 610 shares of the business services provider’s stock worth $71,000 after acquiring an additional 407 shares in the last quarter. 94.96% of the stock is owned by institutional investors.

Brink’s Company Profile

The Brink’s Co engages in providing cash management services, digital retail solutions, and ATM managed services. It operates through the following geographical segments: North America, Latin America, Europe, and Rest of World. The North America segment operates in the U.S. and Canada. The Latin America segment refers to the operations in Latin American countries.