Home  »  Business   »  The Brink’s Company (NYSE: BCO) Shares Are S...

The Brink’s Company (NYSE: BCO) Shares Are Set To Rise By 2022

The Brink’s Company (NYSE:BCO) shares, rose in value on Friday, 06/24/22, with the stock price up by 2.84% to the previous day’s close as strong demand from buyers drove the stock to $59.01.

Actively observing the price movement in the last trading, the stock closed the session at $57.38, falling within a range of $57.93 and $59.73. The value of beta (5-year monthly) was 1.49 whereas the PE ratio was 17.91 over 12-month period. Referring to stock’s 52-week performance, its high was $80.43, and the low was $53.72. On the whole, BCO has fluctuated by 1.86% over the past month.

Top 5 Cheap Stocks to Own Right Now

While finding safe stocks with the potential for monster gains isn't always easy, we've found a few that could pay out well. In fact, within our report, "Top 5 Cheap Stock to Own Right Now", we have identified five stocks we believe could appreciate the most even if you just have $1,000 to invest.

Sign up here to get your free report now. .

Sponsored

With the market capitalization of The Brink’s Company currently standing at about $2.74 billion, investors are eagerly awaiting this quarter’s results, scheduled for Apr 26, 2022 – May 02, 2022. The company’s Forward Dividend Ratio is 0.80, with its dividend yield at 1.36%. As a result, investors might want to see an improvement in the stock’s price before the company announces its earnings report. Analysts are projecting the company’s earnings per share (EPS) to be $0.93, which is expected to increase to $1.22 for fiscal year $5.76 and then to about $6.46 by fiscal year 2023. Data indicates that the EPS growth is expected to be 21.30% in 2023, while the next year’s EPS growth is forecast to be 12.20%.

Analysts have estimated the company’s revenue for the quarter at $1.07 billion, with a low estimate of $1.07 billion and a high estimate of $1.12 billion. According to the average forecast, sales growth in current quarter could jump up 9.80%, compared to the corresponding quarter of last year. Wall Street analysts also predicted that in 2023, the company’s y-o-y revenues would reach $4.54 billion, representing an increase of 8.10% from the revenues reported in the last year’s results.

Revisions could be a useful indicator to get insight on short-term price movement; so for the company, there were no upward and no downward review(s) in last seven days. We see that BCO’s technical picture suggests that short-term indicators denote the stock is a 100% Sell on average. However, medium term indicators have put the stock in the category of 100% Sell while long term indicators on average have been pointing out that it is a 100% Sell.

The stock’s technical analysis shows that the PEG ratio is about 1.24, with the price of BCO currently trading nearly -0.37% and -0.90% away from the simple moving averages for 20 and 50 days respectively. The Relative Strength Index (RSI, 14) currently indicates a reading of 51.08, while the 7-day volatility ratio is showing 3.20% which for the 30-day chart, stands at 2.95%. Furthermore, The Brink’s Company (BCO)’s beta value is 1.42, and its average true range (ATR) is 1.94.

A comparison of The Brink’s Company (BCO) with its peers suggests the former has fared considerably weaker in the market. BCO showed an intraday change of 2.84% in last session, and over the past year, it shrunk by -24.57%%. In comparison, Johnson Controls International plc (JCI) has moved higher at 3.25% on the day and was down -26.48% over the past 12 months. On the other hand, the price of Diebold Nixdorf Incorporated (DBD) has risen 2.89% on the day. The stock, however, is off -81.60% from where it was a year ago. The PE ratio stands at 17.91 for The Brink’s Company, compared to 28.38 for Johnson Controls International plc. Other than that, the overall performance of the S&P 500 during the last trading session shows that it gained 3.06%. Meanwhile, the Dow Jones Industrial Improved by 2.68%.

Data on historical trading for The Brink’s Company (NYSE:BCO) indicates that the trading volumes over the past 10 days have averaged 0.38 million and over the past 3 months, they’ve averaged 300.41K. According to company’s latest data on outstanding shares, there are 47.80 million shares outstanding.

The data on short interest also indicates that stock shorts accounted for 2.78 million shares as on Apr 28, 2022, resulting in a short ratio of 9.01. According to the data, the short interest in The Brink’s Company (BCO) stood at 5.85% of shares outstanding as of Apr 28, 2022; the number of short shares registered in Mar 30, 2022 reached 3.05 million. The stock has fallen by -10.00% since the beginning of the year, thereby showing the potential of a further growth. This could raise investors’ confidence to be optimistic about the BCO stock heading into the next quarter.

Leave a Comment

Your email address will not be published.

[class^="wpforms-"]
[class^="wpforms-"]
[class^="wpforms-"]
[class^="wpforms-"]
[class^="wpforms-"]
[class^="wpforms-"]
[class^="wpforms-"]
[class^="wpforms-"]