Brunswick (BC) Stock Rating Upgraded by Zacks Investment Research

Brunswick (NYSE:BC) was upgraded by Zacks Investment Research from a “hold” rating to a “buy” rating in a research note issued to investors on Thursday. The firm presently has a $66.00 target price on the stock. Zacks Investment Research‘s target price would suggest a potential upside of 12.80% from the stock’s current price.

According to Zacks, “Brunswick Corporation endeavors to instill Genuine Ingenuity in all its leading consumer brands, including Mercury and Mariner outboard engines; Mercury MerCruiser sterndrives and inboard engines; MotorGuide trolling motors; Attwood and Whale marine parts and accessories; Land ‘N’ Sea, Kellogg Marine, Diversified Marine, BLA and Bell RPG parts and accessories distributors; Bayliner, Boston Whaler, Brunswick Commercial and Government Products, Crestliner, Cypress Cay, Harris, Lowe, Lund, Meridian, Princecraft, Quicksilver, Rayglass, Sea Ray and Uttern boats, and Life Fitness, Hammer Strength and SCIFIT fitness equipment, and Brunswick billiards tables, accessories and game room furniture and InMovement products and services for productive well-being. “

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Several other equities research analysts also recently commented on the stock. Imperial Capital restated a “buy” rating and issued a $65.00 target price on shares of Brunswick in a research note on Wednesday, December 13th. They noted that the move was a valuation call. SunTrust Banks boosted their target price on shares of Brunswick to $78.00 and gave the company a “buy” rating in a research note on Monday, March 5th. Royal Bank of Canada restated a “buy” rating and issued a $66.00 target price on shares of Brunswick in a research note on Wednesday, December 20th. B. Riley restated a “buy” rating on shares of Brunswick in a research note on Wednesday, December 6th. Finally, Robert W. Baird restated a “buy” rating and issued a $65.00 target price on shares of Brunswick in a research note on Friday, December 22nd. One investment analyst has rated the stock with a sell rating, three have given a hold rating and fourteen have given a buy rating to the company’s stock. The stock presently has an average rating of “Buy” and an average price target of $68.86.

Shares of NYSE:BC opened at $58.51 on Thursday. Brunswick has a 52 week low of $48.04 and a 52 week high of $64.45. The company has a debt-to-equity ratio of 0.29, a quick ratio of 1.04 and a current ratio of 1.78. The firm has a market capitalization of $5,131.73, a PE ratio of 15.04, a PEG ratio of 0.79 and a beta of 1.82.

Brunswick (NYSE:BC) last issued its earnings results on Thursday, February 1st. The company reported $0.70 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.74 by ($0.04). Brunswick had a net margin of 3.09% and a return on equity of 22.52%. The firm had revenue of $1.09 billion during the quarter, compared to analyst estimates of $1.13 billion. During the same quarter in the prior year, the firm posted $0.66 EPS. The firm’s revenue for the quarter was up 10.6% on a year-over-year basis. sell-side analysts forecast that Brunswick will post 4.59 EPS for the current year.

In related news, VP Christopher F. Dekker sold 3,100 shares of the company’s stock in a transaction dated Thursday, February 15th. The shares were sold at an average price of $58.84, for a total transaction of $182,404.00. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. 1.00% of the stock is owned by corporate insiders.

A number of large investors have recently made changes to their positions in the business. Colonial Trust Advisors raised its holdings in Brunswick by 49.9% during the 4th quarter. Colonial Trust Advisors now owns 35,916 shares of the company’s stock worth $1,983,000 after purchasing an additional 11,950 shares during the last quarter. Xact Kapitalforvaltning AB bought a new stake in Brunswick during the 4th quarter worth about $445,000. BRYN MAWR TRUST Co bought a new stake in Brunswick during the 4th quarter worth about $4,580,000. Her Majesty the Queen in Right of the Province of Alberta as represented by Alberta Investment Management Corp bought a new stake in Brunswick during the 4th quarter worth about $1,292,000. Finally, MetLife Investment Advisors LLC bought a new stake in Brunswick during the 4th quarter worth about $3,064,000. 93.78% of the stock is owned by hedge funds and other 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.

Analyst Recommendations for Brunswick (NYSE:BC)

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