Brunswick (NYSE:BC)‘s stock had its “buy” rating reiterated by stock analysts at Imperial Capital in a research report issued to clients and investors on Wednesday. They currently have a $65.00 price target on the stock. Imperial Capital’s target price points to a potential upside of 18.25% from the stock’s previous close. The analysts noted that the move was a valuation call.
A number of other research analysts have also issued reports on the stock. Stifel Nicolaus decreased their target price on shares of Brunswick from $68.00 to $61.00 and set a “buy” rating on the stock in a research report on Friday, October 27th. BMO Capital Markets decreased their target price on shares of Brunswick from $68.00 to $62.00 and set an “outperform” rating on the stock in a research report on Friday, October 27th. Zacks Investment Research upgraded shares of Brunswick from a “sell” rating to a “hold” rating in a research report on Friday, November 10th. Robert W. Baird restated a “buy” rating and set a $68.00 target price on shares of Brunswick in a research report on Friday, September 8th. Finally, Royal Bank of Canada restated a “buy” rating on shares of Brunswick 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 issued a buy rating to the stock. The stock currently has a consensus rating of “Buy” and a consensus price target of $62.86.
Shares of Brunswick (NYSE BC) traded down $0.84 on Wednesday, reaching $54.97. 989,000 shares of the company were exchanged, compared to its average volume of 1,065,028. Brunswick has a twelve month low of $48.04 and a twelve month high of $63.82. The firm has a market cap of $4,893.97, a price-to-earnings ratio of 14.80, a P/E/G ratio of 0.89 and a beta of 1.90. The company has a debt-to-equity ratio of 0.28, a quick ratio of 0.95 and a current ratio of 1.81.
Brunswick (NYSE:BC) last announced its quarterly earnings results on Thursday, October 26th. The company reported $0.91 EPS for the quarter, missing the Zacks’ consensus estimate of $1.00 by ($0.09). Brunswick had a net margin of 5.93% and a return on equity of 22.71%. The company had revenue of $1.14 billion during the quarter, compared to analyst estimates of $1.16 billion. During the same quarter last year, the company posted $0.91 EPS. The firm’s quarterly revenue was up 4.4% on a year-over-year basis. analysts anticipate that Brunswick will post 3.85 earnings per share for the current year.
Hedge funds and other institutional investors have recently bought and sold shares of the stock. Ladenburg Thalmann Financial Services Inc. boosted its position in shares of Brunswick by 1,158.4% during the 3rd quarter. Ladenburg Thalmann Financial Services Inc. now owns 2,391 shares of the company’s stock worth $132,000 after acquiring an additional 2,201 shares in the last quarter. Advisors Asset Management Inc. acquired a new stake in shares of Brunswick during the 2nd quarter worth approximately $134,000. Bronfman E.L. Rothschild L.P. boosted its position in shares of Brunswick by 149.8% during the 2nd quarter. Bronfman E.L. Rothschild L.P. now owns 2,550 shares of the company’s stock worth $160,000 after acquiring an additional 1,529 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank boosted its position in shares of Brunswick by 9.5% during the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 3,217 shares of the company’s stock worth $202,000 after acquiring an additional 280 shares in the last quarter. Finally, Advisor Group Inc. lifted its stake in Brunswick by 2.7% in the 2nd quarter. Advisor Group Inc. now owns 3,306 shares of the company’s stock valued at $202,000 after purchasing an additional 87 shares during the last quarter. Institutional investors and hedge funds own 92.66% of the company’s stock.
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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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