Brink’s (NYSE:BCO) Lowered to Buy Rating by StockNews.com

Brink’s (NYSE:BCO) was downgraded by equities research analysts at StockNews.com from a “strong-buy” rating to a “buy” rating in a research note issued on Saturday.

Brink’s Price Performance

Shares of BCO opened at $89.50 on Friday. The company has a quick ratio of 1.57, a current ratio of 1.57 and a debt-to-equity ratio of 8.76. Brink’s has a twelve month low of $82.94 and a twelve month high of $115.91. The stock has a market capitalization of $3.86 billion, a P/E ratio of 33.90 and a beta of 1.42. The company has a 50 day moving average of $92.38 and a 200-day moving average of $99.38.

Brink’s (NYSE:BCO) last released its earnings results on Wednesday, February 26th. The business services provider reported $2.12 earnings per share for the quarter, beating analysts’ consensus estimates 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. As a group, equities research analysts forecast that Brink’s will post 6.49 EPS for the current fiscal year.

Institutional Investors Weigh In On Brink’s

Several large investors have recently made changes to their positions in the stock. US Bancorp DE raised its position in Brink’s by 7.1% during the third quarter. US Bancorp DE now owns 1,584 shares of the business services provider’s stock worth $183,000 after acquiring an additional 105 shares in the last quarter. CANADA LIFE ASSURANCE Co increased its stake in shares of Brink’s by 0.4% during the 4th quarter. CANADA LIFE ASSURANCE Co now owns 39,207 shares of the business services provider’s stock worth $3,632,000 after purchasing an additional 142 shares during the last quarter. Mather Group LLC. raised its holdings in shares of Brink’s by 146.2% in the 4th quarter. Mather Group LLC. now owns 293 shares of the business services provider’s stock valued at $27,000 after purchasing an additional 174 shares during the period. Y Intercept Hong Kong Ltd lifted its stake in Brink’s by 3.6% in the 4th quarter. Y Intercept Hong Kong Ltd now owns 5,289 shares of the business services provider’s stock valued at $491,000 after purchasing an additional 184 shares during the last quarter. Finally, Vise Technologies Inc. grew its holdings in Brink’s by 3.4% during the fourth quarter. Vise Technologies Inc. now owns 5,656 shares of the business services provider’s stock worth $525,000 after purchasing an additional 188 shares during the period. Institutional investors and hedge funds own 94.96% of the company’s stock.

About Brink’s

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.