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

Brink's (NYSE:BCO - Get Free Report) was upgraded by equities researchers at StockNews.com from a "buy" rating to a "strong-buy" rating in a report issued on Friday.

Separately, Truist Financial lowered their price objective on shares of Brink's from $144.00 to $138.00 and set a "buy" rating for the company in a research note on Thursday, November 7th.

Brink's Trading Down 2.4 %

BCO stock traded down $2.11 during midday trading on Friday, hitting $86.40. The stock had a trading volume of 339,836 shares, compared to its average volume of 241,111. The company has a current ratio of 1.57, a quick ratio of 1.57 and a debt-to-equity ratio of 8.76. The firm has a market cap of $3.73 billion, a P/E ratio of 32.73 and a beta of 1.39. The business has a fifty day moving average price of $92.65 and a two-hundred day moving average price of $99.66. Brink's has a 1-year low of $82.02 and a 1-year high of $115.91.

Brink's (NYSE:BCO - Get Free Report) last posted its quarterly earnings data on Wednesday, February 26th. The business services provider reported $2.12 earnings per share for the quarter, topping the consensus estimate of $1.86 by $0.26. Brink's had a return on equity of 71.46% and a net margin of 2.37%. The firm had revenue of $1.26 billion during the quarter, compared to analyst estimates of $1.25 billion. On average, sell-side analysts predict that Brink's will post 6.49 earnings per share for the current fiscal year.

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Hedge Funds Weigh In On Brink's

Several large investors have recently added to or reduced their stakes in BCO. DekaBank Deutsche Girozentrale lifted its stake in Brink's by 7.2% during the 3rd quarter. DekaBank Deutsche Girozentrale now owns 3,303 shares of the business services provider's stock valued at $372,000 after acquiring an additional 223 shares in the last quarter. State of Alaska Department of Revenue increased its position in shares of Brink's by 5.3% during the third quarter. State of Alaska Department of Revenue now owns 5,127 shares of the business services provider's stock valued at $592,000 after acquiring an additional 260 shares during the last quarter. US Bancorp DE lifted its holdings 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 during the period. New York State Common Retirement Fund boosted its position in Brink's by 24.9% in the third quarter. New York State Common Retirement Fund now owns 252,617 shares of the business services provider's stock worth $29,213,000 after purchasing an additional 50,292 shares during the last quarter. Finally, Harbor Capital Advisors Inc. boosted its position in Brink's by 68.0% in the third quarter. Harbor Capital Advisors Inc. now owns 21,367 shares of the business services provider's stock worth $2,471,000 after purchasing an additional 8,647 shares during the last quarter. Institutional investors 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.