Brink’s Company (The) (NYSE:BCO) Price Target Raised to $72.00 at Imperial Capital

Brink’s Company (The) (NYSE:BCO) had its price target raised by stock analysts at Imperial Capital from $65.00 to $72.00 in a note issued to investors on Monday, July 17th, MarketBeat Ratings reports. The firm currently has an “outperform” rating on the business services provider’s stock. Imperial Capital’s target price suggests a potential downside of 5.33% from the company’s previous close. Imperial Capital also issued estimates for Brink’s Company (The)’s Q3 2017 earnings at $0.70 EPS, Q4 2017 earnings at $0.90 EPS, FY2017 earnings at $2.67 EPS, Q1 2018 earnings at $0.83 EPS, Q2 2018 earnings at $0.77 EPS, Q3 2018 earnings at $0.96 EPS, Q4 2018 earnings at $1.11 EPS and FY2018 earnings at $3.68 EPS.

Separately, Zacks Investment Research raised shares of Brink’s Company (The) from a “hold” rating to a “buy” rating and set a $68.00 price target for the company in a research note on Tuesday, May 2nd. One analyst has rated the stock with a hold rating and five have given a buy rating to the company. The company has a consensus rating of “Buy” and a consensus price target of $64.00.

Brink’s Company (BCO) opened at 76.05 on Monday. The firm has a market capitalization of $3.84 billion, a PE ratio of 45.27 and a beta of 1.71. Brink’s Company has a 1-year low of $33.99 and a 1-year high of $81.35. The firm has a 50-day moving average price of $71.80 and a 200-day moving average price of $60.12.

Brink’s Company (The) (NYSE:BCO) last issued its quarterly earnings data on Wednesday, July 26th. The business services provider reported $0.64 EPS for the quarter, beating the consensus estimate of $0.46 by $0.18. Brink’s Company (The) had a net margin of 2.73% and a return on equity of 34.49%. The firm had revenue of $806 million during the quarter, compared to the consensus estimate of $730.87 million. During the same period in the prior year, the firm posted $0.38 earnings per share. The company’s quarterly revenue was up 9.0% compared to the same quarter last year. Equities analysts expect that Brink’s Company will post $3.02 earnings per share for the current fiscal year.

Brink’s Company (The) announced that its Board of Directors has authorized a share buyback program on Monday, May 8th that allows the company to repurchase $200.00 million in outstanding shares. This repurchase authorization allows the business services provider to buy up to 6.4% of its stock through open market purchases. Stock repurchase programs are typically an indication that the company’s board believes its shares are undervalued.

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In other Brink’s Company (The) news, SVP Mcalister C. Marshall II sold 13,500 shares of the company’s stock in a transaction dated Friday, August 4th. The shares were sold at an average price of $76.96, for a total value of $1,038,960.00. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, Director Michael J. Herling sold 2,000 shares of the company’s stock in a transaction dated Monday, May 15th. The stock was sold at an average price of $61.06, for a total transaction of $122,120.00. Following the completion of the sale, the director now owns 2,980 shares in the company, valued at approximately $181,958.80. The disclosure for this sale can be found here. In the last 90 days, insiders sold 1,089,725 shares of company stock worth $72,969,347. Corporate insiders own 10.40% of the company’s stock.

Several large investors have recently bought and sold shares of BCO. Turner Investments LLC boosted its stake in Brink’s Company (The) by 1.0% in the first quarter. Turner Investments LLC now owns 9,090 shares of the business services provider’s stock worth $486,000 after buying an additional 90 shares during the last quarter. Arizona State Retirement System boosted its stake in Brink’s Company (The) by 0.4% in the second quarter. Arizona State Retirement System now owns 23,608 shares of the business services provider’s stock worth $1,582,000 after buying an additional 100 shares during the last quarter. State of Alaska Department of Revenue boosted its stake in Brink’s Company (The) by 2.5% in the first quarter. State of Alaska Department of Revenue now owns 4,990 shares of the business services provider’s stock worth $266,000 after buying an additional 120 shares during the last quarter. Municipal Employees Retirement System of Michigan boosted its stake in Brink’s Company (The) by 1.9% in the first quarter. Municipal Employees Retirement System of Michigan now owns 10,260 shares of the business services provider’s stock worth $548,000 after buying an additional 190 shares during the last quarter. Finally, Louisiana State Employees Retirement System boosted its stake in Brink’s Company (The) by 1.1% in the second quarter. Louisiana State Employees Retirement System now owns 18,500 shares of the business services provider’s stock worth $1,240,000 after buying an additional 200 shares during the last quarter. Hedge funds and other institutional investors own 89.25% of the company’s stock.

Brink’s Company (The) Company Profile

The Brink’s Company (Brink’s) is a provider of logistics and security solutions. The Company operates through nine segments: U.S., France, Mexico, Brazil, Canada, Latin America, EMEA, Asia and Payment Services. The Company’s solutions include cash-in-transit (CIT), automated teller machine (ATM) replenishment and maintenance, cash management services, including vault outsourcing, money processing, and intelligent safe services, international transportation of valuables, and payment services.

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