Brunswick (NYSE:BC) had its target price hoisted by Stifel Nicolaus from $64.00 to $65.00 in a report published on Thursday morning, BenzingaRatingsTable reports. The brokerage currently has a buy rating on the stock.
Several other equities analysts have also recently weighed in on the company. ValuEngine cut Brunswick from a hold rating to a sell rating in a report on Tuesday, December 10th. Wells Fargo & Co reaffirmed a buy rating on shares of Brunswick in a report on Friday, December 6th. SunTrust Banks raised their target price on Brunswick to $70.00 and gave the stock a buy rating in a report on Monday, November 25th. Royal Bank of Canada raised Brunswick from a sector perform rating to an outperform rating and raised their target price for the stock from $58.00 to $69.00 in a report on Friday, December 20th. Finally, KeyCorp raised their target price on Brunswick from $58.00 to $65.00 and gave the stock an overweight rating in a report on Monday, October 28th. Two research analysts have rated the stock with a sell rating, three have assigned a hold rating and eleven have given a buy rating to the company. Brunswick currently has a consensus rating of Buy and a consensus target price of $62.95.
Shares of NYSE BC traded up $2.73 during midday trading on Thursday, hitting $62.81. 1,161,300 shares of the stock traded hands, compared to its average volume of 574,018. The firm has a 50-day moving average of $59.57 and a two-hundred day moving average of $53.68. The firm has a market capitalization of $4.90 billion, a P/E ratio of -33.55, a PEG ratio of 1.15 and a beta of 1.70. The company has a debt-to-equity ratio of 0.81, a quick ratio of 0.98 and a current ratio of 1.87. Brunswick has a one year low of $41.02 and a one year high of $63.36.
Brunswick (NYSE:BC) last released its quarterly earnings results on Thursday, October 24th. The company reported $1.10 earnings per share for the quarter, beating the consensus estimate of $0.99 by $0.11. The firm had revenue of $976.60 million for the quarter, compared to analysts’ expectations of $984.32 million. Brunswick had a positive return on equity of 25.96% and a negative net margin of 3.32%. The company’s revenue was down 6.5% compared to the same quarter last year. During the same period in the prior year, the firm earned $1.28 EPS. Equities analysts forecast that Brunswick will post 4.26 earnings per share for the current fiscal year.
In other Brunswick news, CFO William Metzger sold 4,111 shares of the stock in a transaction on Tuesday, October 29th. The stock was sold at an average price of $59.65, for a total value of $245,221.15. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, VP Brenna Preisser sold 1,339 shares of the stock in a transaction on Tuesday, November 12th. The stock was sold at an average price of $59.24, for a total value of $79,322.36. 1.20% of the stock is currently owned by company insiders.
A number of hedge funds have recently modified their holdings of the business. Sumitomo Life Insurance Co. increased its stake in Brunswick by 6.3% in the 4th quarter. Sumitomo Life Insurance Co. now owns 25,436 shares of the company’s stock worth $1,526,000 after buying an additional 1,498 shares in the last quarter. Commerzbank Aktiengesellschaft FI increased its stake in Brunswick by 13.3% in the 4th quarter. Commerzbank Aktiengesellschaft FI now owns 5,219 shares of the company’s stock worth $313,000 after buying an additional 613 shares in the last quarter. Sciencast Management LP purchased a new stake in Brunswick in the 4th quarter worth $657,000. Cerebellum GP LLC increased its stake in Brunswick by 292.3% in the 4th quarter. Cerebellum GP LLC now owns 9,082 shares of the company’s stock worth $545,000 after buying an additional 6,767 shares in the last quarter. Finally, Diversified Trust Co increased its stake in Brunswick by 55.4% in the 4th quarter. Diversified Trust Co now owns 19,615 shares of the company’s stock worth $1,177,000 after buying an additional 6,990 shares in the last quarter. Institutional investors and hedge funds own 97.98% of the company’s stock.
Brunswick Company Profile
Brunswick Corporation designs, manufactures, and markets recreation products worldwide. The company's Marine Engine segment offers outboard, sterndrive, and inboard engine and propulsion systems; marine electronics and control integration systems, steering systems, instruments, controls, propellers, trolling motors, fuel systems, electrical systems, service parts, and lubricants; and integrated propulsion systems to the recreational and commercial marine markets, as well as parts and accessories.
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