Brunswick (NYSE:BC)‘s stock had its “buy” rating reaffirmed by research analysts at Stifel Nicolaus in a note issued to investors on Wednesday, January 17th, Marketbeat reports. They presently have a $65.00 price target on the stock, up from their previous price target of $61.00. Stifel Nicolaus’ target price suggests a potential upside of 12.96% from the stock’s previous close.
Several other analysts also recently commented on the stock. Zacks Investment Research downgraded shares of Brunswick from a “hold” rating to a “sell” rating in a report on Monday, January 1st. Northcoast Research raised shares of Brunswick from a “neutral” rating to a “buy” rating in a report on Friday, November 3rd. ValuEngine downgraded shares of Brunswick from a “buy” rating to a “hold” rating in a report on Wednesday, September 20th. Imperial Capital reissued a “buy” rating and set a $65.00 price target on shares of Brunswick in a report on Wednesday, December 13th. They noted that the move was a valuation call. Finally, Royal Bank of Canada reissued a “buy” rating and set a $66.00 price target on shares of Brunswick in a report on Wednesday, December 20th. One equities research analyst has rated the stock with a sell rating, four have given a hold rating and thirteen have assigned a buy rating to the company. The company currently has an average rating of “Buy” and an average price target of $65.47.
Shares of Brunswick (BC) traded up $0.33 during trading on Wednesday, reaching $57.54. 807,168 shares of the company’s stock were exchanged, compared to its average volume of 980,865. 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 twelve month low of $48.04 and a twelve month high of $64.45. The firm has a market cap of $5,050.00, a price-to-earnings ratio of 30.44, a price-to-earnings-growth ratio of 0.77 and a beta of 1.81.
Brunswick (NYSE:BC) last issued its quarterly earnings results on Thursday, February 1st. The company reported $0.70 earnings per share (EPS) for the quarter, missing the Zacks’ 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 net margin of 3.09% and a return on equity of 22.52%. The company’s revenue for the quarter was up 10.6% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.66 EPS. equities research analysts anticipate that Brunswick will post 4.58 EPS for the current fiscal year.
In related news, insider John C. Pfeifer sold 3,780 shares of the firm’s stock in a transaction dated Tuesday, December 19th. The shares were sold at an average price of $54.96, for a total transaction of $207,748.80. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 1.00% of the stock is currently owned by company insiders.
A number of hedge funds have recently made changes to their positions in BC. Wells Fargo & Company MN boosted its stake in shares of Brunswick by 213.6% in the fourth quarter. Wells Fargo & Company MN now owns 2,131,199 shares of the company’s stock valued at $117,685,000 after purchasing an additional 1,451,636 shares during the period. Carillon Tower Advisers Inc. purchased a new position in shares of Brunswick in the fourth quarter valued at approximately $20,660,000. Prudential Financial Inc. boosted its stake in shares of Brunswick by 106.9% in the third quarter. Prudential Financial Inc. now owns 589,175 shares of the company’s stock valued at $32,976,000 after purchasing an additional 304,470 shares during the period. Arrowstreet Capital Limited Partnership boosted its stake in shares of Brunswick by 448.2% in the fourth quarter. Arrowstreet Capital Limited Partnership now owns 337,700 shares of the company’s stock valued at $18,648,000 after purchasing an additional 276,100 shares during the period. Finally, TimesSquare Capital Management LLC boosted its stake in shares of Brunswick by 12.3% in the third quarter. TimesSquare Capital Management LLC now owns 2,191,300 shares of the company’s stock valued at $122,647,000 after purchasing an additional 240,600 shares during the period. 85.96% of the stock is owned by institutional investors.
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Brunswick 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.
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