Brink's (NYSE:BCO - Get Free Report) was downgraded by equities research analysts at StockNews.com from a "strong-buy" rating to a "buy" rating in a research report issued on Saturday.
Brink's Stock Up 3.0 %
Shares of BCO traded up $2.60 during midday trading on Friday, reaching $89.50. 242,646 shares of the company were exchanged, compared to its average volume of 241,433. The stock has a 50-day moving average price of $92.33 and a 200-day moving average price of $99.28. The company has a market cap of $3.86 billion, a price-to-earnings ratio of 33.90 and a beta of 1.42. Brink's has a 1-year low of $82.94 and a 1-year high of $115.91. 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 (NYSE:BCO - Get Free Report) last announced its earnings results on Wednesday, February 26th. The business services provider reported $2.12 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.86 by $0.26. Brink's had a return on equity of 71.46% and a net margin of 2.37%. The business had revenue of $1.26 billion for the quarter, compared to analyst estimates of $1.25 billion. Research analysts expect that Brink's will post 6.49 earnings per share for the current year.
Institutional Trading of Brink's
A number of hedge funds and other institutional investors have recently modified their holdings of BCO. Mather Group LLC. increased its holdings in Brink's by 146.2% in the fourth quarter. Mather Group LLC. now owns 293 shares of the business services provider's stock valued at $27,000 after buying an additional 174 shares during the last quarter. Sierra Ocean LLC bought a new stake in Brink's in the fourth quarter valued at about $36,000. Golden State Wealth Management LLC bought a new stake in Brink's in the fourth quarter valued at about $55,000. Aquatic Capital Management LLC bought a new stake in Brink's in the fourth quarter valued at about $56,000. Finally, First Horizon Advisors Inc. increased its holdings in Brink's by 200.5% in the third quarter. First Horizon Advisors Inc. now owns 610 shares of the business services provider's stock valued at $71,000 after buying an additional 407 shares during the last quarter. 94.96% of the stock is owned by hedge funds and other institutional investors.
About Brink's
(
Get Free Report)
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.
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