Brunswick (BC) Upgraded to “Buy” by ValuEngine

Brunswick (NYSE:BC) was upgraded by analysts at ValuEngine from a “hold” rating to a “buy” rating in a research report issued to clients and investors on Wednesday.

Other equities analysts have also recently issued reports about the stock. B. Riley set a $65.00 price target on shares of Brunswick and gave the stock a “buy” rating in a research note on Tuesday, October 31st. Stifel Nicolaus reissued a “buy” rating and issued a $68.00 price objective on shares of Brunswick in a report on Thursday, September 7th. Forward View downgraded Brunswick from a “buy” rating to a “hold” rating in a report on Monday, October 30th. Zacks Investment Research downgraded Brunswick from a “hold” rating to a “sell” rating in a report on Friday, September 29th. Finally, Royal Bank of Canada cut their price objective on Brunswick from $67.00 to $56.00 and set an “outperform” rating for the company in a report on Monday, November 6th. Two equities research analysts have rated the stock with a sell rating, three have issued a hold rating and twelve have assigned a buy rating to the company. The company currently has a consensus rating of “Buy” and an average price target of $63.23.

Brunswick (BC) opened at $55.99 on Wednesday. The firm has a market cap of $4,910.00, a P/E ratio of 18.00, a PEG ratio of 0.88 and a beta of 1.90. Brunswick has a 52 week low of $48.04 and a 52 week high of $63.82. The company has a debt-to-equity ratio of 0.28, a quick ratio of 0.95 and a current ratio of 1.81.

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

In other Brunswick news, insider John C. Pfeifer sold 3,780 shares of the firm’s stock in a transaction on Tuesday, December 19th. The stock was sold at an average price of $54.96, for a total transaction of $207,748.80. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Company insiders own 1.00% of the company’s stock.

A number of institutional investors have recently made changes to their positions in the business. Public Employees Retirement System of Ohio lifted its holdings in Brunswick by 52.5% during the 3rd quarter. Public Employees Retirement System of Ohio now owns 66,121 shares of the company’s stock valued at $3,701,000 after purchasing an additional 22,757 shares during the last quarter. GSA Capital Partners LLP lifted its holdings in Brunswick by 30.6% during the 3rd quarter. GSA Capital Partners LLP now owns 25,507 shares of the company’s stock valued at $1,428,000 after purchasing an additional 5,975 shares during the last quarter. Algert Global LLC acquired a new stake in shares of Brunswick during the third quarter worth $2,995,000. California Public Employees Retirement System lifted its holdings in shares of Brunswick by 3.7% during the third quarter. California Public Employees Retirement System now owns 192,923 shares of the company’s stock worth $10,798,000 after buying an additional 6,823 shares in the last quarter. Finally, Ladenburg Thalmann Financial Services Inc. lifted its holdings in shares of Brunswick by 1,158.4% during the third quarter. Ladenburg Thalmann Financial Services Inc. now owns 2,391 shares of the company’s stock worth $132,000 after buying an additional 2,201 shares in the last quarter. 92.18% of the stock is owned by institutional investors and hedge funds.

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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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