Brink’s (NYSE:BCO) Given New $145.00 Price Target at The Goldman Sachs Group

Brink’s (NYSE:BCO) had its price objective lifted by equities researchers at The Goldman Sachs Group from $129.00 to $145.00 in a research report issued to clients and investors on Monday,Benzinga reports. The brokerage presently has a “buy” rating on the business services provider’s stock. The Goldman Sachs Group’s target price indicates a potential upside of 17.10% from the company’s previous close.

Separately, Truist Financial lifted their price objective on shares of Brink’s from $138.00 to $163.00 and gave the company a “buy” rating in a research report on Tuesday, February 10th. Three research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company’s stock. Based on data from MarketBeat, Brink’s currently has an average rating of “Moderate Buy” and a consensus price target of $154.00.

Brink’s Stock Up 6.0%

NYSE:BCO traded up $7.06 during trading hours on Monday, hitting $123.83. The stock had a trading volume of 550,108 shares, compared to its average volume of 336,507. Brink’s has a 1-year low of $80.10 and a 1-year high of $136.37. The company has a market cap of $5.10 billion, a PE ratio of 26.44 and a beta of 1.09. The company has a current ratio of 1.51, a quick ratio of 1.51 and a debt-to-equity ratio of 9.35. The business has a 50 day simple moving average of $124.99 and a two-hundred day simple moving average of $117.74.

Brink’s (NYSE:BCO) last posted its quarterly earnings data on Thursday, February 26th. The business services provider reported $2.54 EPS for the quarter, beating analysts’ consensus estimates of $2.47 by $0.07. The firm had revenue of $1.38 billion for the quarter, compared to the consensus estimate of $1.35 billion. Brink’s had a net margin of 3.80% and a return on equity of 89.90%. The firm’s revenue was up 9.1% compared to the same quarter last year. During the same period in the prior year, the firm posted $2.12 EPS. Analysts predict that Brink’s will post 6.49 EPS for the current year.

Brink’s declared that its Board of Directors has authorized a share buyback program on Thursday, December 11th that permits the company to buyback $750.00 million in outstanding shares. This buyback authorization permits the business services provider to buy up to 15.4% of its stock through open market purchases. Stock buyback programs are typically an indication that the company’s management believes its shares are undervalued.

Insider Buying and Selling

In other Brink’s news, insider Michael E. Sweeney sold 1,418 shares of the stock in a transaction on Monday, December 15th. The stock was sold at an average price of $119.50, for a total transaction of $169,451.00. Following the transaction, the insider owned 5,755 shares in the company, valued at $687,722.50. This trade represents a 19.77% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. 0.72% of the stock is currently owned by corporate insiders.

Institutional Trading of Brink’s

Institutional investors have recently bought and sold shares of the business. Caldwell Trust Co bought a new stake in Brink’s during the second quarter worth $27,000. Smartleaf Asset Management LLC lifted its holdings in shares of Brink’s by 150.5% in the fourth quarter. Smartleaf Asset Management LLC now owns 243 shares of the business services provider’s stock worth $29,000 after acquiring an additional 146 shares during the last quarter. Advisory Services Network LLC acquired a new stake in shares of Brink’s during the 3rd quarter valued at $33,000. Mather Group LLC. acquired a new position in Brink’s in the 3rd quarter valued at approximately $34,000. Finally, Global Retirement Partners LLC acquired a new stake in shares of Brink’s in the fourth quarter valued at about $39,000. Institutional investors own 94.96% of the company’s stock.

About Brink’s

The Brink’s Company (NYSE: BCO) is a global leader in secure logistics and cash management solutions. The company provides a comprehensive suite of services that span armored transportation, cash-in-transit (CIT), ATM services, smart safe solutions, and valuables storage. Through its network of service centers and armored vehicles, Brink’s ensures the safe and efficient movement of currency, precious metals, and other high-value assets for banks, retailers, mints, and government agencies.

Brink’s armored transport operations are complemented by technology-driven cash management offerings, including deposit automation and secure vaulting.