Imperial Capital Upgrades Brink's Company to Outperform with Price Target $38.00

Brokerage firm Imperial Capital Upgrades its rating on Brink's Company(NYSE:BCO). In a research note issued to the investors, the brokerage major Raises the price-target to $38.00 per share. The shares have been rated Outperform. Previously, the analysts had a In-line rating on the shares. The rating by Imperial Capital was issued on Aug 3, 2016.

Brink's Company (BCO) shares turned negative on Fridays trading session with the shares closing down -0.17 points or -0.45% at a volume of 4,64,945. The pessimistic mood was evident in the company shares which never went considerably beyond the level of $37.85. The peak price level was also seen at $37.85 while the days lowest was $37.05. Finally the shares closed at $37.33. The 52-week high of the shares is $37.85 while the 52-week low is $25.8. According to the latest information available, the market cap of the company is $1,849 M.

Brink's Company(BCO) last announced its earnings results on Jul 28, 2016 for Fiscal Year 2016 and Q2.Company reported revenue of $716.50M. Analysts had an estimated revenue of $699.03M. Earnings per share were $0.38. Analysts had estimated an EPS of $0.26.

Several Insider Transactions has been reported to the SEC. On Jul 18, 2016, Ronald James Domanico (CFO) purchased 16,744 shares at $29.86 per share price.Also, 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 Brink’s Company (Brink’s) is a provider of secure logistics and security solutions. The Company’s 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 Company’s 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.

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