ValuEngine Downgrades Brunswick (NYSE:BC) to Strong Sell

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Brunswick (NYSE:BC) was downgraded by stock analysts at ValuEngine from a “sell” rating to a “strong sell” rating in a research report issued on Tuesday, ValuEngine reports.

A number of other research firms also recently weighed in on BC. SunTrust Banks increased their price target on Fidelity National Financial to $45.00 and gave the company a “buy” rating in a research note on Friday, April 26th. TheStreet downgraded Trinity Industries from a “b” rating to a “c” rating in a research note on Thursday, April 25th. Royal Bank of Canada downgraded Roku from an “outperform” rating to a “sector perform” rating and set a $90.00 price target on the stock. in a research note on Monday, July 1st. They noted that the move was a valuation call. Zacks Investment Research raised HB Fuller from a “sell” rating to a “hold” rating in a research note on Tuesday, June 11th. Finally, Northcoast Research reaffirmed a “neutral” rating on shares of Advance Auto Parts in a research note on Thursday, June 27th. One investment analyst has rated the stock with a sell rating, four have given a hold rating and nine have given a buy rating to the company. Brunswick currently has an average rating of “Buy” and an average price target of $62.72.

Shares of BC stock traded down $0.12 during trading hours on Tuesday, reaching $44.61. The company had a trading volume of 30,777 shares, compared to its average volume of 1,077,698. The firm’s 50 day simple moving average is $44.48. The company has a debt-to-equity ratio of 0.87, a quick ratio of 0.79 and a current ratio of 1.61. The firm has a market capitalization of $3.85 billion, a price-to-earnings ratio of 9.35, a price-to-earnings-growth ratio of 0.97 and a beta of 1.71. Brunswick has a 1-year low of $41.02 and a 1-year high of $69.82.

Brunswick (NYSE:BC) last posted its quarterly earnings results on Thursday, April 25th. The company reported $0.99 earnings per share for the quarter, meeting the Zacks’ consensus estimate of $0.99. The company had revenue of $1.28 billion for the quarter, compared to the consensus estimate of $1.29 billion. Brunswick had a return on equity of 27.01% and a net margin of 2.99%. The firm’s quarterly revenue was up 5.4% on a year-over-year basis. During the same quarter in the prior year, the business posted $1.01 EPS. On average, equities analysts predict that Brunswick will post 4.66 earnings per share for the current fiscal year.

A number of institutional investors have recently modified their holdings of BC. Geode Capital Management LLC raised its stake in shares of Brunswick by 8.7% in the 4th quarter. Geode Capital Management LLC now owns 855,784 shares of the company’s stock valued at $39,750,000 after purchasing an additional 68,803 shares during the period. Fernwood Investment Management LLC raised its stake in shares of Brunswick by 17.0% in the 1st quarter. Fernwood Investment Management LLC now owns 15,125 shares of the company’s stock valued at $761,000 after purchasing an additional 2,200 shares during the period. Jane Street Group LLC raised its stake in shares of Brunswick by 210.5% in the 4th quarter. Jane Street Group LLC now owns 39,618 shares of the company’s stock valued at $1,840,000 after purchasing an additional 26,860 shares during the period. Rehmann Capital Advisory Group raised its stake in shares of Brunswick by 25.7% in the 1st quarter. Rehmann Capital Advisory Group now owns 2,722 shares of the company’s stock valued at $137,000 after purchasing an additional 556 shares during the period. Finally, MARSHALL WACE ASIA Ltd raised its stake in shares of Brunswick by 147.5% in the 1st quarter. MARSHALL WACE ASIA Ltd now owns 1,228,921 shares of the company’s stock valued at $61,852,000 after purchasing an additional 732,303 shares during the period. 93.07% of the stock is currently owned by institutional investors and hedge funds.

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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Analyst Recommendations for Brunswick (NYSE:BC)

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