Brunswick (NYSE:BC) had its target price increased by investment analysts at BMO Capital Markets to $69.00 in a research report issued on Monday, February 5th. The firm presently has an “outperform” rating on the stock. BMO Capital Markets’ target price points to a potential upside of 19.92% from the stock’s current price.
Several other equities research analysts have also issued reports on BC. Zacks Investment Research raised shares of Brunswick from a “sell” rating to a “hold” rating in a research note on Wednesday, October 18th. B. Riley set a $70.00 target price on shares of Brunswick and gave the stock a “buy” rating in a research note on Monday, October 23rd. Stifel Nicolaus lowered their target price on shares of Brunswick from $68.00 to $61.00 and set a “buy” rating on the stock in a research note on Friday, October 27th. SunTrust Banks reaffirmed a “buy” rating and issued a $62.00 price target on shares of Brunswick in a research note on Friday, October 27th. Finally, Forward View lowered shares of Brunswick from a “buy” rating to a “hold” rating in a research note on Monday, October 30th. One analyst has rated the stock with a sell rating, four have assigned a hold rating and thirteen have assigned a buy rating to the company. Brunswick has a consensus rating of “Buy” and an average price target of $65.47.
Shares of Brunswick (NYSE BC) traded up $0.33 on Monday, reaching $57.54. The company’s stock had a trading volume of 807,168 shares, compared to its average volume of 980,865. The firm has a market cap of $5,050.00, a P/E ratio of 30.44, a P/E/G ratio of 0.77 and a beta of 1.81. The company has a debt-to-equity ratio of 0.29, a current ratio of 1.78 and a quick ratio of 1.04. Brunswick has a 12 month low of $48.04 and a 12 month high of $64.45.
Brunswick (NYSE:BC) last announced its quarterly earnings results on Thursday, February 1st. The company reported $0.70 earnings per share for the quarter, missing the consensus estimate of $0.74 by ($0.04). The company had revenue of $1.09 billion for the quarter, compared to analyst estimates of $1.13 billion. Brunswick had a return on equity of 22.52% and a net margin of 3.09%. Brunswick’s revenue for the quarter was up 10.6% on a year-over-year basis. During the same period in the prior year, the business posted $0.66 earnings per share. analysts predict that Brunswick will post 4.58 earnings per share for the current fiscal year.
In other Brunswick news, insider John C. Pfeifer sold 3,780 shares of the firm’s stock in a transaction that occurred on Tuesday, December 19th. The shares were sold at an average price of $54.96, for a total value of $207,748.80. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Company insiders own 1.00% of the company’s stock.
A number of institutional investors and hedge funds have recently added to or reduced their stakes in the business. King Luther Capital Management Corp purchased a new position in Brunswick in the 4th quarter worth approximately $778,000. Carillon Tower Advisers Inc. acquired a new stake in shares of Brunswick during the 4th quarter worth approximately $20,660,000. Martingale Asset Management L P increased its holdings in shares of Brunswick by 13.5% during the 4th quarter. Martingale Asset Management L P now owns 74,675 shares of the company’s stock worth $4,124,000 after buying an additional 8,911 shares during the last quarter. Ramsey Quantitative Systems acquired a new stake in shares of Brunswick during the 4th quarter worth approximately $264,000. Finally, OppenheimerFunds Inc. increased its holdings in shares of Brunswick by 6.6% during the 4th quarter. OppenheimerFunds Inc. now owns 24,589 shares of the company’s stock worth $1,358,000 after buying an additional 1,528 shares during the last quarter. 85.96% of the stock is currently owned by institutional investors and hedge funds.
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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.
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