Brunswick Corporation (NYSE:BC) had its price target reduced by equities researchers at BMO Capital Markets from $68.00 to $62.00 in a research report issued on Friday, October 27th. The firm currently has an “outperform” rating on the stock. BMO Capital Markets’ price objective indicates a potential upside of 26.95% from the company’s previous close.
Several other research analysts have also recently issued reports on BC. B. Riley reissued a “buy” rating and set a $70.00 target price on shares of Brunswick Corporation in a report on Wednesday, August 2nd. Zacks Investment Research raised shares of Brunswick Corporation from a “sell” rating to a “hold” rating in a report on Wednesday, October 18th. ValuEngine raised shares of Brunswick Corporation from a “hold” rating to a “buy” rating in a research note on Monday, October 2nd. BidaskClub cut shares of Brunswick Corporation from a “sell” rating to a “strong sell” rating in a research note on Friday, August 11th. Finally, Royal Bank Of Canada restated a “buy” rating on shares of Brunswick Corporation in a research report on Tuesday, October 3rd. One investment analyst has rated the stock with a sell rating, four have issued a hold rating and thirteen have given a buy rating to the stock. Brunswick Corporation presently has a consensus rating of “Buy” and an average target price of $62.50.
Shares of Brunswick Corporation (NYSE BC) traded up $0.03 during mid-day trading on Friday, reaching $48.84. 1,045,200 shares of the company traded hands, compared to its average volume of 1,041,574. The stock has a market capitalization of $4,280.00, a price-to-earnings ratio of 12.95, a price-to-earnings-growth ratio of 0.78 and a beta of 1.87. Brunswick Corporation has a 12 month low of $46.74 and a 12 month high of $63.82. The company has a current ratio of 1.81, a quick ratio of 0.95 and a debt-to-equity ratio of 0.28.
Brunswick Corporation (NYSE:BC) last posted its quarterly earnings data on Thursday, October 26th. The company reported $0.91 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $1.00 by ($0.09). Brunswick Corporation had a return on equity of 22.71% and a net margin of 5.93%. The company had revenue of $1.14 billion for the quarter, compared to analyst estimates of $1.16 billion. During the same quarter in the previous year, the firm posted $0.91 earnings per share. The company’s quarterly revenue was up 4.4% on a year-over-year basis. analysts anticipate that Brunswick Corporation will post 3.86 EPS for the current fiscal year.
Several large investors have recently made changes to their positions in BC. BlackRock Inc. increased its position in shares of Brunswick Corporation by 8,617.9% in the 1st quarter. BlackRock Inc. now owns 7,488,087 shares of the company’s stock valued at $458,271,000 after purchasing an additional 7,402,194 shares during the last quarter. AJO LP increased its position in shares of Brunswick Corporation by 1,548.4% in the 2nd quarter. AJO LP now owns 1,538,793 shares of the company’s stock valued at $96,528,000 after purchasing an additional 1,445,444 shares during the last quarter. Vaughan Nelson Investment Management L.P. purchased a new stake in shares of Brunswick Corporation in the 2nd quarter valued at approximately $42,936,000. Vanguard Group Inc. increased its position in shares of Brunswick Corporation by 6.8% in the 1st quarter. Vanguard Group Inc. now owns 7,158,280 shares of the company’s stock valued at $438,086,000 after purchasing an additional 457,104 shares during the last quarter. Finally, Boston Partners increased its position in shares of Brunswick Corporation by 3.8% in the 2nd quarter. Boston Partners now owns 9,306,042 shares of the company’s stock valued at $583,768,000 after purchasing an additional 338,212 shares during the last quarter. 88.93% of the stock is currently owned by institutional investors.
About Brunswick Corporation
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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