Brunswick (BC) Price Target Raised to $0.00 at Royal Bank Of Canada

Brunswick (NYSE:BC) had its price target increased by investment analysts at Royal Bank Of Canada in a research report issued on Wednesday. The firm currently has an “outperform” rating on the stock.

BC has been the topic of several other reports. Stifel Nicolaus reduced their target price on Brunswick from $68.00 to $61.00 and set a “buy” rating on the stock in a report on Friday, October 27th. BMO Capital Markets reduced their target price on Brunswick from $68.00 to $62.00 and set an “outperform” rating on the stock in a report on Friday, October 27th. Robert W. Baird reiterated a “buy” rating and issued a $68.00 target price on shares of Brunswick in a report on Friday, September 8th. Zacks Investment Research upgraded Brunswick from a “sell” rating to a “hold” rating in a report on Friday, November 10th. Finally, SunTrust Banks reiterated a “buy” rating and issued a $62.00 target price on shares of Brunswick in a report on Friday, October 27th. 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 company’s stock. The company currently has an average rating of “Buy” and a consensus price target of $62.50.

Shares of Brunswick (NYSE:BC) traded up $1.33 during mid-day trading on Wednesday, reaching $55.98. The company had a trading volume of 1,628,100 shares, compared to its average volume of 1,057,923. Brunswick has a 1-year low of $48.04 and a 1-year high of $63.82. The company has a market capitalization of $4,792.25, a PE ratio of 14.50, a PEG ratio of 0.87 and a beta of 1.90. The company has a debt-to-equity ratio of 0.28, a current ratio of 1.81 and a quick ratio of 0.95.

Brunswick (NYSE:BC) last announced its earnings results on Thursday, October 26th. The company reported $0.91 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $1.00 by ($0.09). Brunswick 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 company earned $0.91 earnings per share. The business’s revenue was up 4.4% on a year-over-year basis. sell-side analysts predict that Brunswick will post 3.86 earnings per share for the current year.

Several institutional investors have recently bought and sold shares of BC. AJO LP lifted its holdings in shares of Brunswick by 1,548.4% in the 2nd quarter. AJO LP now owns 1,538,793 shares of the company’s stock worth $96,528,000 after purchasing an additional 1,445,444 shares in the last quarter. Boston Partners lifted its holdings in shares of Brunswick by 3.8% in the 2nd quarter. Boston Partners now owns 9,306,042 shares of the company’s stock worth $583,768,000 after purchasing an additional 338,212 shares in the last quarter. Prudential Financial Inc. raised its position in Brunswick by 106.9% in the 3rd quarter. Prudential Financial Inc. now owns 589,175 shares of the company’s stock valued at $32,976,000 after buying an additional 304,470 shares during the last quarter. TimesSquare Capital Management LLC raised its position in Brunswick by 17.1% in the 2nd quarter. TimesSquare Capital Management LLC now owns 1,950,700 shares of the company’s stock valued at $122,367,000 after buying an additional 284,300 shares during the last quarter. Finally, Canada Pension Plan Investment Board raised its position in Brunswick by 249.4% in the 3rd quarter. Canada Pension Plan Investment Board now owns 305,400 shares of the company’s stock valued at $17,093,000 after buying an additional 218,000 shares during the last quarter. Hedge funds and other institutional investors own 92.66% of the company’s stock.

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About Brunswick

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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