How This 158-Year-Old Company Has Crushed the Market This Past Year
A little over 158 years ago in Chicago, Perry Brink began transporting travelers' luggage from railroad stations to hotels on a horse-drawn wagon. Since that first trip, Brink's Company (NYSE: BCO) has grown into a cash-management powerhouse with a market cap of almost $3.9 billion.
Brink's is something of an anomaly in today's fintech world: While most fintech and payments industry players have focused with a laser-like intensity on ridding the world of cash, Brink's has grown a global empire around paper currency. While the company has had its share of struggles in the past, Brink's strategy to focus on cash services has paid off enormously for investors this past year. Shares have more than doubled, crushing the market in the process.
The stock price has simply followed the company's performance. When the company recently reported its second-quarter earnings, its revenue had increased 9% to $806 million. Its non-GAAP EPS jumped an incredible 64% to $0.64. All this while Brink's operating profit margin increased 240 basis points to 7.9%. String together a few quarters like that and any company's stock price would see significant appreciation!
Source: Fool.com
Brink's Co. Stock
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With a target price of 95 € there is a slightly positive potential of 2.15% for Brink's Co. compared to the current price of 93.0 €.
