Imperial Capital Lowers Estimates for Brink's Company

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In a report published Monday, Imperial Capital analyst Jeff Kessler reiterated an Outperform rating and $30.00 price target on
Brink's CompanyBCO
. In the report, Imperial Capital noted, "We are maintaining our Outperform rating and our one-year price target of $30, about 11% above the recent share price. Our price target is based on comparative valuation of select comparable security companies. We note that a comparable company, Loomis AB, trades at 6.9x FY15 EV/EBITDA and 15x FY15E adjusted EPS. Our Outperform rating mainly reflects a better mixture of positives and negatives, including better expectations for Brink's, improving FY15 operating margins in the U.S. and Mexican businesses, and a year without substantial going forward revaluation of the Venezuelan operations." Brink's Company closed on Friday at $26.92.
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Posted In: Analyst ColorReiterationAnalyst Ratingsimperial capitalJeff Kessler
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