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.
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.
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