Brunswick Corporation (NYSE:BC) had its price objective reduced by equities research analysts at Imperial Capital from $70.00 to $60.00 in a report released on Tuesday. The brokerage presently has an “outperform” rating on the stock. Imperial Capital’s price target would suggest a potential upside of 18.46% from the stock’s previous close. Imperial Capital also issued estimates for Brunswick Corporation’s Q1 2018 earnings at $0.93 EPS, Q3 2018 earnings at $1.05 EPS, Q4 2018 earnings at $0.89 EPS and FY2018 earnings at $4.23 EPS.
BC has been the topic of a number of other reports. Stifel Nicolaus decreased their price target on Brunswick Corporation from $68.00 to $61.00 and set a “buy” rating on the stock in a research note on Friday, October 27th. Robert W. Baird restated a “buy” rating and issued a $68.00 price target on shares of Brunswick Corporation in a research note on Friday, September 8th. Zacks Investment Research upgraded Brunswick Corporation from a “sell” rating to a “hold” rating in a research note on Wednesday, October 18th. BMO Capital Markets decreased their price target on Brunswick Corporation from $68.00 to $62.00 and set an “outperform” rating on the stock in a research note on Friday, October 27th. Finally, Royal Bank Of Canada restated a “buy” rating on shares of Brunswick Corporation in a research note on Tuesday, October 3rd. One analyst has rated the stock with a sell rating, five have assigned a hold rating and twelve have issued a buy rating to the stock. The company presently has an average rating of “Buy” and a consensus price target of $63.29.
Brunswick Corporation (NYSE:BC) last posted its quarterly earnings results on Thursday, October 26th. The company reported $0.91 earnings per share for the quarter, missing the Zacks’ 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 business had revenue of $1.14 billion during the quarter, compared to analysts’ expectations of $1.16 billion. During the same quarter last year, the firm earned $0.91 earnings per share. The firm’s quarterly revenue was up 4.4% compared to the same quarter last year.
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A number of institutional investors and hedge funds have recently bought and sold shares of BC. Advisors Asset Management Inc. purchased a new stake in Brunswick Corporation during the second quarter worth $134,000. Bronfman E.L. Rothschild L.P. raised its holdings in shares of 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 acquiring an additional 1,529 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank raised its holdings in shares of 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 acquiring an additional 280 shares during the last quarter. Advisor Group Inc. raised its holdings in shares of 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 acquiring an additional 87 shares during the last quarter. Finally, Pitcairn Co. acquired a new position in shares of Brunswick Corporation in the second quarter worth $213,000. Institutional investors own 93.65% of the company’s stock.
Brunswick Corporation Company Profile
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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