Brunswick Corporation’s (BC) Buy Rating Reiterated at BMO Capital Markets

BMO Capital Markets reissued their buy rating on shares of Brunswick Corporation (NYSE:BC) in a research note published on Friday morning. They currently have a $68.00 price objective on the stock.

A number of other analysts have also issued reports on the stock. Jefferies Group LLC reissued a hold rating and issued a $56.00 price target on shares of Brunswick Corporation in a research report on Friday, July 14th. Stifel Nicolaus increased their price target on shares of Brunswick Corporation from $66.00 to $68.00 and gave the stock a buy rating in a research report on Friday, July 14th. BidaskClub raised shares of Brunswick Corporation from a buy rating to a strong-buy rating in a research report on Thursday, July 6th. Northcoast Research lowered shares of Brunswick Corporation from a buy rating to a neutral rating in a research report on Monday, July 10th. They noted that the move was a valuation call. Finally, Royal Bank Of Canada reissued a buy rating and issued a $65.00 price target on shares of Brunswick Corporation in a research report on Wednesday, July 12th. Two analysts have rated the stock with a sell rating, three have assigned a hold rating and twelve have assigned a buy rating to the company’s stock. The company presently has an average rating of Buy and a consensus price target of $65.54.

Brunswick Corporation (NYSE:BC) opened at 57.51 on Friday. Brunswick Corporation has a 52-week low of $42.02 and a 52-week high of $63.82. The firm has a market cap of $5.10 billion, a price-to-earnings ratio of 18.25 and a beta of 1.85. The stock has a 50 day moving average of $54.81 and a 200-day moving average of $57.26.

Brunswick Corporation (NYSE:BC) last posted its quarterly earnings data on Thursday, July 27th. The company reported $1.35 EPS for the quarter, beating analysts’ consensus estimates of $1.33 by $0.02. Brunswick Corporation had a net margin of 6.13% and a return on equity of 23.35%. The company had revenue of $1.35 billion during the quarter, compared to analyst estimates of $1.32 billion. During the same period in the prior year, the firm earned $1.17 earnings per share. The business’s quarterly revenue was up 8.8% on a year-over-year basis. On average, analysts expect that Brunswick Corporation will post $4.04 EPS for the current year.

WARNING: “Brunswick Corporation’s (BC) Buy Rating Reiterated at BMO Capital Markets” was first reported by The Ledger Gazette and is the property of of The Ledger Gazette. If you are reading this article on another site, it was copied illegally and republished in violation of U.S. and international copyright laws. The correct version of this article can be viewed at https://ledgergazette.com/2017/10/16/brunswick-corporations-bc-buy-rating-reiterated-at-bmo-capital-markets.html.

A number of institutional investors and hedge funds have recently modified their holdings of the stock. Davidson Kempner Capital Management LP raised its position in Brunswick Corporation by 28.6% during the second quarter. Davidson Kempner Capital Management LP now owns 225,000 shares of the company’s stock valued at $14,114,000 after acquiring an additional 50,000 shares in the last quarter. Colony Group LLC raised its position in Brunswick Corporation by 2.9% during the second quarter. Colony Group LLC now owns 23,450 shares of the company’s stock valued at $1,471,000 after acquiring an additional 650 shares in the last quarter. Ameritas Investment Partners Inc. raised its position in Brunswick Corporation by 57.0% during the second quarter. Ameritas Investment Partners Inc. now owns 41,425 shares of the company’s stock valued at $2,598,000 after acquiring an additional 15,034 shares in the last quarter. Castleark Management LLC raised its position in Brunswick Corporation by 33.0% during the second quarter. Castleark Management LLC now owns 71,655 shares of the company’s stock valued at $4,495,000 after acquiring an additional 17,780 shares in the last quarter. Finally, Nomura Holdings Inc. bought a new position in Brunswick Corporation during the second quarter valued at approximate

A number of other analysts have also issued reports on the stock. Jefferies Group LLC reissued a hold rating and issued a $56.00 price target on shares of Brunswick Corporation in a research report on Friday, July 14th. Stifel Nicolaus increased their price target on shares of Brunswick Corporation from $66.00 to $68.00 and gave the stock a buy rating in a research report on Friday, July 14th. BidaskClub raised shares of Brunswick Corporation from a buy rating to a strong-buy rating in a research report on Thursday, July 6th. Northcoast Research lowered shares of Brunswick Corporation from a buy rating to a neutral rating in a research report on Monday, July 10th. They noted that the move was a valuation call. Finally, Royal Bank Of Canada reissued a buy rating and issued a $65.00 price target on shares of Brunswick Corporation in a research report on Wednesday, July 12th. Two analysts have rated the stock with a sell rating, three have assigned a hold rating and twelve have assigned a buy rating to the company’s stock. The company presently has an average rating of Buy and a consensus price target of $65.54.

Brunswick Corporation (NYSE:BC) opened at 57.51 on Friday. Brunswick Corporation has a 52-week low of $42.02 and a 52-week high of $63.82. The firm has a market cap of $5.10 billion, a price-to-earnings ratio of 18.25 and a beta of 1.85. The stock has a 50 day moving average of $54.81 and a 200-day moving average of $57.26.

Brunswick Corporation (NYSE:BC) last posted its quarterly earnings data on Thursday, July 27th. The company reported $1.35 EPS for the quarter, beating analysts’ consensus estimates of $1.33 by $0.02. Brunswick Corporation had a net margin of 6.13% and a return on equity of 23.35%. The company had revenue of $1.35 billion during the quarter, compared to analyst estimates of $1.32 billion. During the same period in the prior year, the firm earned $1.17 earnings per share. The business’s quarterly revenue was up 8.8% on a year-over-year basis. On average, analysts expect that Brunswick Corporation will post $4.04 EPS for the current year.

WARNING: “Brunswick Corporation’s (BC) Buy Rating Reiterated at BMO Capital Markets” was first reported by The Ledger Gazette and is the property of of The Ledger Gazette. If you are reading this article on another site, it was copied illegally and republished in violation of U.S. and international copyright laws. The correct version of this article can be viewed at https://ledgergazette.com/2017/10/16/brunswick-corporations-bc-buy-rating-reiterated-at-bmo-capital-markets.html.

A number of institutional investors and hedge funds have recently modified their holdings of the stock. Davidson Kempner Capital Management LP raised its position in Brunswick Corporation by 28.6% during the second quarter. Davidson Kempner Capital Management LP now owns 225,000 shares of the company’s stock valued at $14,114,000 after acquiring an additional 50,000 shares in the last quarter. Colony Group LLC raised its position in Brunswick Corporation by 2.9% during the second quarter. Colony Group LLC now owns 23,450 shares of the company’s stock valued at $1,471,000 after acquiring an additional 650 shares in the last quarter. Ameritas Investment Partners Inc. raised its position in Brunswick Corporation by 57.0% during the second quarter. Ameritas Investment Partners Inc. now owns 41,425 shares of the company’s stock valued at $2,598,000 after acquiring an additional 15,034 shares in the last quarter. Castleark Management LLC raised its position in Brunswick Corporation by 33.0% during the second quarter. Castleark Management LLC now owns 71,655 shares of the company’s stock valued at $4,495,000 after acquiring an additional 17,780 shares in the last quarter. Finally, Nomura Holdings Inc. bought a new position in Brunswick Corporation during the second quarter valued at approximately $240,000. 93.99% of the stock is currently owned by hedge funds and other 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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