Brunswick Corporation (NYSE:BC) has been given a $65.00 price target by equities researchers at B. Riley in a report issued on Tuesday. The firm currently has a “buy” rating on the stock. B. Riley’s target price indicates a potential upside of 29.64% from the company’s current price.
The analysts wrote, “We are lowering our estimate to account for these issues and reducing our PT from $70.00 to $65.00, but maintaining a Buy rating.””
Several other analysts also recently weighed in on the company. BMO Capital Markets lowered their price objective on Brunswick Corporation from $68.00 to $62.00 and set an “outperform” rating for the company in a research report on Friday. SunTrust Banks, Inc. reiterated a “buy” rating and issued a $62.00 price objective on shares of Brunswick Corporation in a research report on Friday. Stifel Nicolaus lowered their price objective on Brunswick Corporation from $68.00 to $61.00 and set a “buy” rating for the company in a research report on Friday. Zacks Investment Research upgraded Brunswick Corporation from a “sell” rating to a “hold” rating in a research report on Wednesday, October 18th. Finally, Royal Bank Of Canada reiterated a “buy” rating on shares of Brunswick Corporation in a research report on Tuesday, October 3rd. One equities research analyst has rated the stock with a sell rating, five have issued a hold rating and twelve have given a buy rating to the company’s stock. Brunswick Corporation presently has an average rating of “Buy” and an average target price of $63.29.
Shares of Brunswick Corporation (BC) opened at 50.14 on Tuesday. The firm’s 50-day moving average is $55.65 and its 200-day moving average is $57.06. The firm has a market cap of $4.45 billion, a P/E ratio of 15.91 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 announced 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 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 the consensus estimate of $1.16 billion. During the same quarter in the previous year, the firm posted $0.91 EPS. The business’s revenue for the quarter was up 4.4% compared to the same quarter last year. Analysts anticipate that Brunswick Corporation will post $3.88 earnings per share for the current year.
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Hedge funds have recently modified their holdings of the stock. Advisors Asset Management Inc. purchased a new stake in Brunswick Corporation in the second quarter worth $134,000. Bronfman E.L. Rothschild L.P. grew its stake in Brunswick Corporation by 149.8% in the second 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 grew its stake in Brunswick Corporation by 9.5% in the second 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. grew its stake in Brunswick Corporation by 2.7% in the second 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. purchased a new stake in Brunswick Corporation in the second quarter worth $213,000. 93.65% of the stock is currently owned by 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.
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