The stock of Brink’s Company (NYSE:BCO) hit a new 52-week high and has $51.65 target or 24.00% above today’s $41.65 share price. The 7 months bullish chart indicates low risk for the $2.09 billion company. The 1-year high was reported on Nov, 9 by Barchart.com. If the $51.65 price target is reached, the company will be worth $501.60 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 138,101 shares traded hands. Brink’s Company (NYSE:BCO) has risen 23.24% since April 7, 2016 and is uptrending. It has outperformed by 18.46% the S&P500.
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 firm has “In-Line” rating given on Friday, October 28 by Imperial Capital. The company was downgraded on Tuesday, August 4 by Zacks. Imperial Capital maintained the shares of BCO in a report on Friday, May 20 with “In-Line” rating. The company was maintained on Friday, September 16 by Macquarie Research.
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 1.42 in Q2 2016. Its down 0.34, from 1.76 in 2016Q1. The ratio worsened, 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.
Ls Advisors Limited Liability Company last reported 0% of its portfolio in the stock. Blackrock Investment Ltd Co, a New Jersey-based fund reported 190,332 shares. Ariel Investments Limited Liability Co holds 0.42% or 1.18 million shares in its portfolio. Principal Fincl Group holds 347,720 shares or 0.01% of its portfolio. D E Shaw & Com Inc has 0% invested in the company for 39,992 shares. Axa, a France-based fund reported 127,130 shares. Manufacturers Life Commerce The, a Ontario – Canada-based fund reported 30,691 shares. Highbridge Mngmt Lc last reported 0.01% of its portfolio in the stock. Diamond Hill Cap Mgmt Incorporated last reported 0.17% of its portfolio in the stock. Blackrock Fund Advsr owns 3.13M shares or 0.02% of their US portfolio. Stifel Financial Corp has 30,917 shares for 0% of their US portfolio. Us Fincl Bank De, a Minnesota-based fund reported 4,312 shares. The Massachusetts-based Wellington Mngmt Group Llp has invested 0% in Brink’s Company (NYSE:BCO). Blackrock Gp Limited has invested 0% of its portfolio in Brink’s Company (NYSE:BCO). Menta Ltd Liability accumulated 0.11% or 29,192 shares.
Insider Transactions: Since June 9, 2016, the stock had 3 buys, and 2 sales for $2.79 million net activity. Another trade for 16,744 shares valued at $499,976 was made by DOMANICO RONALD JAMES on Thursday, July 14. $2.50M worth of shares were bought by Pertz Douglas A on Thursday, June 9. Colan Thomas had sold 935 shares worth $35,250 on Thursday, August 25. $213,107 worth of Brink’s Company (NYSE:BCO) was bought by STOECKERT GEORGE I. Zukerman Amit sold $385,905 worth of stock.
More notable recent Brink’s Company (NYSE:BCO) news were published by: Finance.Yahoo.com which released: “Why Brink’s Company (BCO) Could Be a Top Value Stock Pick” on November 08, 2016, also Nasdaq.com with their article: “Brink’s Company (BCO) Ex-Dividend Date Scheduled for November 09, 2016” published on November 08, 2016, Marketwatch.com published: “Brink’s Company board names Doug Pertz as new CEO” on June 10, 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 Douglas Pertz on Q2 2016 Results – Earnings …” published on July 28, 2016 as well as Seekingalpha.com‘s news article titled: “The Brink’s Company’s (BCO) CEO Douglas Pertz on Q3 2016 Results – Earnings …” with publication date: October 26, 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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