Stifel Nicolaus Lowers Brunswick Corporation (BC) Price Target to $61.00

Brunswick Corporation (NYSE:BC) had its price target cut by Stifel Nicolaus from $68.00 to $61.00 in a research report sent to investors on Friday, October 27th. They currently have a buy rating on the stock.

Other equities analysts have also recently issued research reports about the stock. BMO Capital Markets restated a buy rating and issued a $72.00 price objective on shares of Brunswick Corporation in a research note on Thursday, July 13th. Royal Bank of Canada restated a buy rating and issued a $65.00 price objective on shares of Brunswick Corporation in a research note on Wednesday, July 12th. B. Riley restated a buy rating and issued a $70.00 price objective on shares of Brunswick Corporation in a research note on Friday, July 28th. BidaskClub cut shares of Brunswick Corporation from a strong-buy rating to a buy rating in a research note on Monday, July 24th. Finally, Aegis restated a buy rating and issued a $73.00 price objective on shares of Brunswick Corporation in a research note on Thursday, August 17th. One analyst has rated the stock with a sell rating, four have given a hold rating and thirteen have given a buy rating to the company. Brunswick Corporation presently has a consensus rating of Buy and a consensus price target of $62.50.

Brunswick Corporation (NYSE:BC) traded down $0.03 during midday trading on Friday, hitting $48.81. 974,000 shares of the company traded hands, compared to its average volume of 1,041,557. The company has a current ratio of 1.81, a quick ratio of 0.95 and a debt-to-equity ratio of 0.28. The company has a market cap of $4,282.77, a P/E ratio of 12.95, a P/E/G ratio of 0.78 and a beta of 1.87. Brunswick Corporation has a fifty-two week low of $46.70 and a fifty-two week high of $63.82.

Brunswick Corporation (NYSE:BC) last posted its quarterly earnings data on Thursday, October 26th. The company reported $0.91 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $1.00 by ($0.09). The firm had revenue of $1.14 billion for the quarter, compared to the consensus estimate of $1.16 billion. Brunswick Corporation had a return on equity of 22.71% and a net margin of 5.93%. Brunswick Corporation’s quarterly revenue was up 4.4% on a year-over-year basis. During the same period in the prior year, the company posted $0.91 earnings per share. sell-side analysts anticipate that Brunswick Corporation will post 3.86 earnings per share for the current fiscal year.

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The company also recently declared a quarterly dividend, which will be paid on Friday, December 15th. Investors of record on Tuesday, November 21st will be given a $0.19 dividend. This represents a $0.76 dividend on an annualized basis and a dividend yield of 1.56%. This is an increase from Brunswick Corporation’s previous quarterly dividend of $0.17. The ex-dividend date of this dividend is Monday, November 20th. Brunswick Corporation’s dividend payout ratio (DPR) is currently 21.29%.

Several large investors have recently made changes to their positions in the stock. Eagle Asset Management Inc. raised its holdings in shares of Brunswick Corporation by 27.0% in the second quarter. Eagle Asset Management Inc. now owns 628,565 shares of the company’s stock valued at $39,429,000 after purchasing an additional 133,452 shares during the last quarter. Bank of America Corp DE raised its holdings in shares of Brunswick Corporation by 12.8% in the first quarter. Bank of America Corp DE now owns 539,889 shares of the company’s stock valued at $33,042,000 after purchasing an additional 61,160 shares during the last quarter. TimesSquare Capital Management LLC raised its holdings in shares of Brunswick Corporation by 17.1% in the second quarter. TimesSquare Capital Management LLC now owns 1,950,700 shares of the company’s stock valued at $122,367,000 after purchasing an additional 284,300 shares during the last quarter. Kempen Capital Management N.V. raised its holdings in shares of Brunswick Corporation by 60.8% in the second quarter. Kempen Capital Management N.V. now owns 46,077 shares of the company’s stock valued at $2,890,000 after purchasing an additional 17,423 shares during the last quarter. Finally, Schwab Charles Investment Management Inc. raised its holdings in shares of Brunswick Corporation by 7.4% in the second quarter. Schwab Charles Investment Management Inc. now owns 509,208 shares of the company’s stock valued at $31,943,000 after purchasing an additional 35,081 shares during the last quarter. Institutional investors and hedge funds own 93.43% of the company’s stock.

Brunswick Corporation Company Profile

Brunswick Corporation is a designer, manufacturer and marketer of recreation products. The Company operates through three segments: Marine Engine, Boat and Fitness. The Company’s product includes marine engines, boats, fitness equipment and active recreation products. The Company’s engine-related products include outboard, sterndrive and inboard engines; trolling motors; propellers; engine control systems; and marine parts and accessories.

Analyst Recommendations for Brunswick Corporation (NYSE:BC)

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