Brink's Company (BCO) was Upgraded by Imperial Capital to ” Outperform” according to the research note released today. The brokerage firm has raised the Price Target to $ 38 from a previous price target of $31.50 . Earlier the firm had a rating of “In-line ” on the company shares. Imperial Capital advised their investors in a research report released on Aug 3, 2016.
Many Wall Street Analysts have commented on Brink's Company. Company shares were Reiterated by Imperial Capital on May 20, 2016 to “In-line”, Firm has raised the Price Target to $ 31.50 from a previous price target of $30 .
On the company’s financial health, Brink's Company reported $0.38 EPS for the quarter, beating the analyst consensus estimate by $ 0.12 according to the earnings call on Jul 28, 2016. Analyst had a consensus of $0.26. The company had revenue of $739.50 million for the quarter, compared to analysts expectations of $711.67 million. The company’s revenue was down -2.7 % compared to the same quarter last year.During the same quarter in the previous year, the company posted $0.27 EPS.
Brink's Company opened for trading at $33 and hit $33.315 on the upside on Tusday, eventually ending the session at $33.16, with a gain of 0.55% or 0.18 points. The heightened volatility saw the trading volume jump to 4,33,537 shares. Company has a market cap of $1,643 M.
In a different news, on Jul 18, 2016, Ronald James Domanico (CFO) purchased 16,744 shares at $29.86 per share price. According to the SEC, on Jun 17, 2016, George I Stoeckert (director) purchased 7,300 shares at $29.19 per share price. On Jun 13, 2016, Douglas A Pertz (CEO) purchased 83,696 shares at $29.87 per share price, according to the Form-4 filing with the securities and exchange commission.
The Brinks Company (Brinks) is a provider of secure logistics and security solutions. The Companys solutions include cash-in-transit automated teller machine (ATM) replenishment and maintenance international transportation of valuables and cash management services to financial institutions retailers government agencies (including central banks) mints jewelers and other commercial operations across the world. The Companys network serves customers in more than 100 countries and includes ownership interest in 41 countries and agency relationships with companies in additional countries. The Company operates in nine segments: the United States France Mexico Brazil Canada Latin America Europe Middle East and Africa (EMEA) Asia and payment services. The Company designs customized services to meet the cash and valuables supply chain needs of its customers.