Brunswick’s (BC) Buy Rating Reiterated at Robert W. Baird

Brunswick (NYSE:BC)‘s stock had its “buy” rating reaffirmed by equities researchers at Robert W. Baird in a research report issued to clients and investors on Friday. They currently have a $65.00 price target on the stock. Robert W. Baird’s price objective would indicate a potential upside of 16.61% from the stock’s current price.

Other research analysts also recently issued reports about the stock. BMO Capital Markets decreased their target price on shares of Brunswick from $68.00 to $62.00 and set an “outperform” rating for the company in a research note on Friday, October 27th. Imperial Capital restated a “buy” rating and issued a $65.00 target price on shares of Brunswick in a research note on Wednesday, December 13th. They noted that the move was a valuation call. KeyCorp restated a “buy” rating and issued a $62.00 target price on shares of Brunswick in a research note on Thursday, August 31st. ValuEngine downgraded shares of Brunswick from a “buy” rating to a “hold” rating in a research note on Wednesday, September 20th. Finally, SunTrust Banks restated a “buy” rating and issued a $62.00 target price on shares of Brunswick in a research note on Friday, October 27th. One analyst has rated the stock with a sell rating, four have assigned a hold rating and twelve have issued a buy rating to the company’s stock. Brunswick presently has an average rating of “Buy” and a consensus price target of $63.23.

Shares of Brunswick (NYSE BC) traded down $0.25 during mid-day trading on Friday, reaching $55.74. 551,500 shares of the company traded hands, compared to its average volume of 1,060,570. Brunswick has a 1 year low of $48.04 and a 1 year 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. The firm has a market capitalization of $4,887.83, a price-to-earnings ratio of 17.98, a price-to-earnings-growth ratio of 0.89 and a beta of 1.90.

Brunswick (NYSE:BC) last released its quarterly earnings data on Thursday, October 26th. The company reported $0.91 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.00 by ($0.09). Brunswick had a return on equity of 22.71% and a net margin of 5.93%. The business had revenue of $1.14 billion for the quarter, compared to analysts’ expectations of $1.16 billion. During the same quarter in the prior year, the firm earned $0.91 earnings per share. Brunswick’s quarterly revenue was up 4.4% compared to the same quarter last year. sell-side analysts anticipate that Brunswick will post 3.85 earnings per share for the current fiscal year.

In related news, insider John C. Pfeifer sold 3,780 shares of the stock in a transaction dated Tuesday, December 19th. The shares were sold at an average price of $54.96, for a total value of $207,748.80. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. 1.00% of the stock is currently owned by corporate insiders.

Institutional investors have recently added to or reduced their stakes in the business. Ladenburg Thalmann Financial Services Inc. increased its stake in Brunswick by 1,158.4% during the 3rd quarter. Ladenburg Thalmann Financial Services Inc. now owns 2,391 shares of the company’s stock valued at $132,000 after buying an additional 2,201 shares during the period. Advisors Asset Management Inc. bought a new position in shares of Brunswick during the 2nd quarter valued at about $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 valued at $160,000 after purchasing 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 valued at $202,000 after purchasing an additional 280 shares in the last quarter. Finally, Advisor Group Inc. boosted its position in shares of Brunswick by 2.7% during 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 in the last quarter. 92.18% of the stock is currently owned by hedge funds and other institutional investors.

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Brunswick 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.

Analyst Recommendations for Brunswick (NYSE:BC)

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