The stock of Brink’s Company (NYSE:BCO) hit a new 52-week high and has $45.01 target or 3.00% above today’s $43.70 share price. The 9 months bullish chart indicates low risk for the $2.21B company. The 1-year high was reported on Nov, 23 by Barchart.com. If the $45.01 price target is reached, the company will be worth $66.30 million more.
The 52-week high event is an important milestone for every stock because it shows very positive momentum and is time when buyers come in. During such notable technical setup, fundamental investors usually stay away and are careful shorting or selling the stock. About 91,867 shares traded hands. Brink’s Company (NYSE:BCO) has risen 26.13% since April 21, 2016 and is uptrending. It has outperformed by 20.80% the S&P500.
Analysts await Brink’s Company (NYSE:BCO) to report earnings on February, 2. They expect $0.71 earnings per share, up 29.09% or $0.16 from last year’s $0.55 per share. BCO’s profit will be $35.91 million for 15.39 P/E if the $0.71 EPS becomes a reality. After $0.64 actual earnings per share reported by Brink’s Company for the previous quarter, Wall Street now forecasts 10.94% EPS growth.
Brink’s Company (NYSE:BCO) Ratings Coverage
Out of 2 analysts covering Brink’s Company (NYSE:BCO), 0 rate it a “Buy”, 0 “Sell”, while 2 “Hold”. This means 0 are positive. Brink’s Company has been the topic of 4 analyst reports since August 4, 2015 according to StockzIntelligence Inc. The rating was downgraded by Zacks on Tuesday, August 4 to “Hold”. The firm has “Neutral” rating given on Friday, September 16 by Macquarie Research. The company was downgraded on Friday, October 28 by Imperial Capital. Imperial Capital maintained Brink’s Company (NYSE:BCO) on Friday, May 20 with “In-Line” rating.
According to Zacks Investment Research, “The Brink’s Company is a global leader in business and security services. Their three main businesses are Brink’s, Incorporated, the world’s premier provider of secure transportation and cash management services; Brink’s Home Security, one of the largest and most successful residential alarm companies in North America; and BAX Global, an industry leader in global supply chain management.”
Insitutional Activity: The institutional sentiment decreased to 0.77 in Q2 2016. Its down 0.65, from 1.42 in 2016Q1. The ratio dropped, as 17 funds sold all Brink’s Company shares owned while 49 reduced positions. 25 funds bought stakes while 69 increased positions. They now own 44.47 million shares or 4.16% less from 46.41 million shares in 2016Q1.
Malaga Cove Ltd Limited Liability Company reported 62,565 shares or 1.74% of all its holdings. Utd Svcs Automobile Association has 332,000 shares for 0.03% of their US portfolio. The California-based Blackrock Fund has invested 0.02% in Brink’s Company (NYSE:BCO). Price T Rowe Associate Inc Md accumulated 15,779 shares or 0% of the stock. Pinebridge Invs Limited Partnership last reported 0.01% of its portfolio in the stock. Cubist Systematic Strategies Ltd accumulated 0.03% or 18,663 shares. State Of Tennessee Treasury Department last reported 38,815 shares in the company. State Teachers Retirement System, a New York-based fund reported 112,211 shares. Rhumbline Advisers holds 0.01% of its portfolio in Brink’s Company (NYSE:BCO) for 75,175 shares. Paloma Prtn Mngmt has invested 0.01% of its portfolio in Brink’s Company (NYSE:BCO). Jacobs Levy Equity Mgmt reported 26,090 shares or 0.02% of all its holdings. Los Angeles Cap Mngmt Equity Rech last reported 107,675 shares in the company. Us Fincl Bank De, a Minnesota-based fund reported 4,312 shares. Diamond Hill Capital accumulated 920,737 shares or 0.17% of the stock. Axa has 0.02% invested in the company for 127,130 shares.
Insider Transactions: Since June 9, 2016, the stock had 3 insider buys, and 2 sales for $2.79 million net activity. Pertz Douglas A had bought 83,696 shares worth $2.50 million on Thursday, June 9. Another trade for 935 shares valued at $35,250 was made by Colan Thomas on Thursday, August 25. DOMANICO RONALD JAMES also bought $499,976 worth of Brink’s Company (NYSE:BCO) on Thursday, July 14. $385,905 worth of Brink’s Company (NYSE:BCO) was sold by Zukerman Amit on Wednesday, August 10. 7,300 Brink’s Company (NYSE:BCO) shares with value of $213,107 were bought by STOECKERT GEORGE I.
More notable recent Brink’s Company (NYSE:BCO) news were published by: Marketwatch.com which released: “Brink’s Company board names Doug Pertz as new CEO” on June 10, 2016, also Zacks.com with their article: “Brink’s Company (BCO) Shares March Higher, Can It Continue?” published on November 10, 2016, Seekingalpha.com published: “The Brink’s Company’s (BCO) CEO Douglas Pertz on Q2 2016 Results – Earnings …” on July 28, 2016. More interesting news about Brink’s Company (NYSE:BCO) were released by: Seekingalpha.com and their article: “The Brink’s Company’s (BCO) CEO Tom Schievelbein on Q1 2016 Results – Earnings …” published on May 03, 2016 as well as Globenewswire.com‘s news article titled: “Brink’s Board Appoints Doug Pertz as President and CEO” with publication date: June 10, 2016.
BCO Company Profile
The Brink’s Company (Brink’s), incorporated on October 12, 1984, is a well-known provider of logistics and security solutions. The Company’s solutions include cash-in-transit, automated teller machine (ATM) replenishment and maintenance, international transportation of valuables, cash management and payment services, to financial institutions, retailers, government agencies (including central banks), mints, jewelers and other commercial activities around the world. The Company’s global network serves clients in over 100 countries and includes ownership interest in over 40 countries and agency relationships with companies in additional countries. The Firm operates through nine divisions: U.S., France, Mexico, Brazil, Canada, Latin America, Europe, Middle East and Africa (EMEA), Asia and Payment Services. The Company’s services offerings include Core Services, High-Value Services and Other Security Services.
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