Brunswick (BC) Earns Buy Rating from Imperial Capital

Imperial Capital reaffirmed their buy rating on shares of Brunswick (NYSE:BC) in a research report report published on Wednesday morning. The firm currently has a $65.00 price objective on the stock. The analysts noted that the move was a valuation call.

BC has been the subject of several other reports. BMO Capital Markets reduced their price target on Brunswick from $68.00 to $62.00 and set an outperform rating for the company in a research report on Friday, October 27th. KeyCorp reissued a buy rating and issued a $62.00 price target on shares of Brunswick in a research report on Thursday, August 31st. Aegis reissued a buy rating and issued a $73.00 price target on shares of Brunswick in a research report on Thursday, August 17th. ValuEngine lowered Brunswick from a buy rating to a hold rating in a research report on Wednesday, September 20th. Finally, Robert W. Baird reissued a buy rating and issued a $68.00 price target on shares of Brunswick in a research report on Friday, September 8th. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating and thirteen have assigned a buy rating to the company’s stock. Brunswick has an average rating of Buy and a consensus price target of $62.86.

Shares of Brunswick (BC) opened at $55.00 on Wednesday. The firm has a market capitalization of $4,817.68, a price-to-earnings ratio of 14.57, a price-to-earnings-growth ratio of 0.88 and a beta of 1.90. The company has a debt-to-equity ratio of 0.28, a current ratio of 1.81 and a quick ratio of 0.95. Brunswick has a 1-year low of $48.04 and a 1-year high of $63.82.

Brunswick (NYSE:BC) last released its quarterly earnings results 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). The company had revenue of $1.14 billion during the quarter, compared to the consensus estimate of $1.16 billion. Brunswick had a return on equity of 22.71% and a net margin of 5.93%. The company’s revenue was up 4.4% on a year-over-year basis. During the same period in the previous year, the firm posted $0.91 earnings per share. sell-side analysts predict that Brunswick will post 3.85 earnings per share for the current fiscal year.

The firm also recently announced a quarterly dividend, which was paid on Friday, December 15th. Investors of record on Tuesday, November 21st were given a dividend of $0.19 per share. This is a positive change from Brunswick’s previous quarterly dividend of $0.17. This represents a $0.76 annualized dividend and a yield of 1.38%. The ex-dividend date of this dividend was Monday, November 20th. Brunswick’s dividend payout ratio is currently 24.52%.

Large investors have recently made changes to their positions in the stock. Eagle Asset Management Inc. increased its position in Brunswick by 27.0% during the 2nd quarter. Eagle Asset Management Inc. now owns 628,565 shares of the company’s stock valued at $39,429,000 after buying an additional 133,452 shares in the last quarter. TimesSquare Capital Management LLC increased its position in Brunswick by 17.1% during the 2nd quarter. TimesSquare Capital Management LLC now owns 1,950,700 shares of the company’s stock valued at $122,367,000 after buying an additional 284,300 shares in the last quarter. Advisor Group Inc. increased its position in Brunswick by 108.6% during the 3rd quarter. Advisor Group Inc. now owns 6,896 shares of the company’s stock valued at $386,000 after buying an additional 3,590 shares in the last quarter. Kempen Capital Management N.V. increased its position in Brunswick by 60.8% during the 2nd quarter. Kempen Capital Management N.V. now owns 46,077 shares of the company’s stock valued at $2,890,000 after buying an additional 17,423 shares in the last quarter. Finally, Prudential Financial Inc. increased its position in Brunswick by 106.9% during the 3rd quarter. Prudential Financial Inc. now owns 589,175 shares of the company’s stock valued at $32,976,000 after buying an additional 304,470 shares in the last quarter. 92.66% of the stock is currently 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.

Analyst Recommendations for Brunswick (NYSE:BC)

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