BMO Capital Markets Cuts Brunswick Corporation (BC) Price Target to $62.00

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.

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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.

Analyst Recommendations for Brunswick Corporation (NYSE:BC)

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