Brunswick Corporation (NYSE:BC) had its target price dropped by analysts at Stifel Nicolaus from $68.00 to $61.00 in a report issued on Friday. The brokerage currently has a “buy” rating on the stock. Stifel Nicolaus’ price target points to a potential upside of 22.00% from the company’s previous close.
Other equities research analysts have also recently issued research reports about the stock. B. Riley reaffirmed a “buy” rating and set a $70.00 price objective on shares of Brunswick Corporation in a research report on Wednesday, August 2nd. Aegis reaffirmed a “buy” rating and set a $73.00 price objective on shares of Brunswick Corporation in a research report on Thursday, August 17th. ValuEngine cut shares of Brunswick Corporation from a “buy” rating to a “hold” rating in a research report on Wednesday, September 20th. Northcoast Research cut 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, BidaskClub raised shares of Brunswick Corporation from a “buy” rating to a “strong-buy” rating in a research report on Thursday, July 6th. 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 stock. Brunswick Corporation currently has an average rating of “Buy” and an average price target of $64.36.
Brunswick Corporation (NYSE:BC) opened at 50.00 on Friday. The stock has a 50 day moving average of $55.71 and a 200-day moving average of $57.11. The firm has a market cap of $4.44 billion, a PE ratio of 15.86 and a beta of 1.85. Brunswick Corporation has a 52 week low of $42.02 and a 52 week high of $63.82.
Brunswick Corporation (NYSE:BC) last posted its quarterly earnings data on Thursday, October 26th. The company reported $0.91 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $1.00 by ($0.09). Brunswick Corporation had a return on equity of 22.71% and a net margin of 5.93%. The firm had revenue of $1.14 billion for the quarter, compared to the consensus estimate of $1.16 billion. During the same period in the prior year, the company earned $0.91 EPS. The company’s revenue for the quarter was up 4.4% compared to the same quarter last year. Analysts expect that Brunswick Corporation will post $3.98 earnings per share for the current year.
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Hedge funds and other institutional investors have recently modified their holdings of the business. Advisors Asset Management Inc. bought a new position in Brunswick Corporation in the 2nd quarter worth about $134,000. Bronfman E.L. Rothschild L.P. boosted its stake in Brunswick Corporation by 149.8% in the 2nd quarter. Bronfman E.L. Rothschild L.P. now owns 2,550 shares of the company’s stock worth $160,000 after purchasing an additional 1,529 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank boosted its stake in Brunswick Corporation by 9.5% in the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 3,217 shares of the company’s stock worth $202,000 after purchasing an additional 280 shares during the period. Advisor Group Inc. boosted its stake in Brunswick Corporation by 2.7% in the 2nd quarter. Advisor Group Inc. now owns 3,306 shares of the company’s stock worth $202,000 after purchasing an additional 87 shares during the period. Finally, Pitcairn Co. bought a new position in Brunswick Corporation in the 2nd quarter worth about $213,000. Institutional investors and hedge funds own 93.82% of the company’s stock.
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.
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