Brunswick (NYSE:BC) was upgraded by Zacks Investment Research from a “sell” rating to a “hold” rating in a research report issued on Thursday.
According to Zacks, “Brunswick Corporation endeavors to instill Genuine Ingenuity in all its leading consumer brands, including Mercury and Mariner outboard engines; Mercury MerCruiser sterndrives and inboard engines; MotorGuide trolling motors; Attwood and Whale marine parts and accessories; Land ‘N’ Sea, Kellogg Marine, Diversified Marine, BLA and Bell RPG parts and accessories distributors; Bayliner, Boston Whaler, Brunswick Commercial and Government Products, Crestliner, Cypress Cay, Harris, Lowe, Lund, Meridian, Princecraft, Quicksilver, Rayglass, Sea Ray and Uttern boats, and Life Fitness, Hammer Strength and SCIFIT fitness equipment, and Brunswick billiards tables, accessories and game room furniture and InMovement products and services for productive well-being. “
Several other research analysts have also recently commented on the stock. Northcoast Research upgraded shares of Brunswick from a “neutral” rating to a “buy” rating in a report on Friday, November 3rd. ValuEngine cut shares of Brunswick from a “buy” rating to a “hold” rating in a report on Wednesday, September 20th. Imperial Capital restated a “buy” rating and issued a $65.00 target price on shares of Brunswick in a report on Wednesday, December 13th. They noted that the move was a valuation call. Stifel Nicolaus lowered their target price on shares of Brunswick from $68.00 to $61.00 and set a “buy” rating for the company in a report on Friday, October 27th. Finally, B. Riley set a $70.00 target price on shares of Brunswick and gave the company a “buy” rating in a report on Monday, October 23rd. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating and eleven have issued a buy rating to the company’s stock. The company currently has an average rating of “Buy” and an average target price of $63.42.
Brunswick (BC) traded down $0.34 during trading on Thursday, hitting $57.83. 755,264 shares of the stock were exchanged, compared to its average volume of 764,330. The stock has a market cap of $5,100.00, a P/E ratio of 18.59, a price-to-earnings-growth ratio of 0.81 and a beta of 1.91. Brunswick has a twelve month low of $48.04 and a twelve month high of $63.82. The company has a quick ratio of 0.95, a current ratio of 1.81 and a debt-to-equity ratio of 0.28.
Brunswick (NYSE:BC) last announced its quarterly earnings data on Thursday, October 26th. The company reported $0.91 earnings per share for the quarter, missing analysts’ consensus estimates of $1.00 by ($0.09). Brunswick had a net margin of 5.93% and a return on equity of 22.71%. The business had revenue of $1.14 billion during the quarter, compared to analyst estimates of $1.16 billion. During the same quarter last year, the firm posted $0.91 EPS. The company’s revenue for the quarter was up 4.4% on a year-over-year basis. equities research analysts forecast that Brunswick will post 3.85 earnings per share for the current year.
In related news, insider John C. Pfeifer sold 3,780 shares of Brunswick stock in a transaction dated Tuesday, December 19th. The shares were sold at an average price of $54.96, for a total transaction of $207,748.80. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Insiders own 1.00% of the company’s stock.
Hedge funds and other institutional investors have recently modified their holdings of the stock. Ladenburg Thalmann Financial Services Inc. raised its position in Brunswick by 1,158.4% in the third 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. Advisor Group Inc. raised its position in Brunswick by 2.7% in the second quarter. Advisor Group Inc. now owns 3,306 shares of the company’s stock worth $202,000 after acquiring an additional 87 shares in the last quarter. Nomura Holdings Inc. bought a new stake in Brunswick in the second quarter worth about $240,000. TLP Group LLC bought a new stake in Brunswick in the second quarter worth about $251,000. Finally, Boothbay Fund Management LLC bought a new stake in Brunswick in the third quarter worth about $252,000. Institutional investors and hedge funds own 92.61% of the company’s stock.
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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