Brink’s (NYSE:BCO) PT Raised to $144.00 at Truist Financial

Brink’s (NYSE:BCO) had its price target lifted by equities researchers at Truist Financial from $110.00 to $144.00 in a research report issued on Friday, Benzinga reports. The brokerage currently has a “buy” rating on the business services provider’s stock. Truist Financial’s price target would indicate a potential upside of 27.85% from the company’s current price.

Separately, StockNews.com upgraded shares of Brink’s from a “buy” rating to a “strong-buy” rating in a report on Friday, August 16th. Three research analysts have rated the stock with a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, the company has an average rating of “Buy” and an average target price of $123.50.

Brink’s Stock Performance

Shares of NYSE BCO traded up $0.83 during midday trading on Friday, hitting $112.63. 123,715 shares of the company’s stock were exchanged, compared to its average volume of 252,922. Brink’s has a twelve month low of $64.15 and a twelve month high of $113.63. The firm has a market cap of $4.97 billion, a P/E ratio of 43.15 and a beta of 1.43. The stock’s 50 day moving average price is $105.56 and its 200-day moving average price is $98.16. The company has a debt-to-equity ratio of 7.78, a current ratio of 1.57 and a quick ratio of 1.57.

Brink’s (NYSE:BCO) last issued its quarterly earnings results on Wednesday, August 7th. The business services provider reported $1.67 EPS for the quarter, beating analysts’ consensus estimates of $1.47 by $0.20. The company had revenue of $1.25 billion for the quarter, compared to analyst estimates of $1.26 billion. Brink’s had a return on equity of 69.80% and a net margin of 2.73%. The company’s quarterly revenue was up 3.0% compared to the same quarter last year. During the same period last year, the company earned $1.18 earnings per share. Equities research analysts anticipate that Brink’s will post 7.51 EPS for the current year.

Institutional Investors Weigh In On Brink’s

Hedge funds and other institutional investors have recently bought and sold shares of the business. Covestor Ltd grew its stake in shares of Brink’s by 154.8% in the 1st quarter. Covestor Ltd now owns 316 shares of the business services provider’s stock worth $29,000 after purchasing an additional 192 shares during the last quarter. LRI Investments LLC bought a new stake in Brink’s during the first quarter worth approximately $37,000. Headlands Technologies LLC acquired a new position in Brink’s in the second quarter worth approximately $37,000. GAMMA Investing LLC increased its holdings in shares of Brink’s by 119.0% in the second quarter. GAMMA Investing LLC now owns 460 shares of the business services provider’s stock valued at $47,000 after buying an additional 250 shares in the last quarter. Finally, MFA Wealth Advisors LLC acquired a new stake in shares of Brink’s during the 2nd quarter valued at $47,000. 94.96% of the stock is currently owned by institutional investors.

About Brink’s

The Brink's Company provides secure transportation, cash management, and other security-related services in North America, Latin America, Europe, and internationally. The company offers armored vehicle transportation of valuables; automated teller machine (ATM) management services, such as cash replenishment, cash forecasting, cash optimization, ATM remote monitoring, service call dispatching, transaction processing, installation, and first line maintenance services; and cash-in-transit services.