Brunswick Co. (BC) Receives Consensus Recommendation of “Buy” from Analysts

Brunswick Co. (NYSE:BC) has been assigned a consensus recommendation of “Buy” from the sixteen brokerages that are currently covering the firm, Marketbeat reports. One research analyst has rated the stock with a sell rating, two have given a hold rating and thirteen have issued a buy rating on the company. The average twelve-month price objective among brokers that have updated their coverage on the stock in the last year is $74.75.

A number of analysts have weighed in on the company. Citigroup increased their price objective on Brunswick from $69.00 to $81.00 and gave the stock a “buy” rating in a research report on Thursday, June 14th. Zacks Investment Research cut Brunswick from a “hold” rating to a “sell” rating in a research report on Wednesday. Imperial Capital increased their price objective on Brunswick from $78.00 to $90.00 and gave the stock an “outperform” rating in a research report on Monday, July 9th. B. Riley increased their price objective on Brunswick to $90.00 and gave the stock a “buy” rating in a research report on Tuesday, July 3rd. Finally, Wedbush increased their price objective on Brunswick from $70.00 to $77.00 and gave the stock an “outperform” rating in a research report on Monday, August 13th. They noted that the move was a valuation call.

Brunswick stock traded down $0.40 during mid-day trading on Friday, reaching $66.87. 551,200 shares of the company were exchanged, compared to its average volume of 846,716. Brunswick has a twelve month low of $48.04 and a twelve month high of $69.82. The company has a current ratio of 1.70, a quick ratio of 0.96 and a debt-to-equity ratio of 0.29. The stock has a market capitalization of $5.85 billion, a price-to-earnings ratio of 17.19, a PEG ratio of 1.19 and a beta of 1.72.

Brunswick (NYSE:BC) last posted its quarterly earnings data on Thursday, July 26th. The company reported $1.50 earnings per share for the quarter, missing analysts’ consensus estimates of $1.55 by ($0.05). Brunswick had a return on equity of 24.14% and a net margin of 2.38%. The company had revenue of $1.40 billion for the quarter, compared to analyst estimates of $1.35 billion. During the same period in the previous year, the business posted $1.35 earnings per share. The firm’s revenue was up 3.6% compared to the same quarter last year. equities analysts predict that Brunswick will post 4.63 earnings per share for the current year.

The firm also recently declared a quarterly dividend, which was paid on Friday, September 14th. Stockholders of record on Tuesday, August 21st were issued a $0.19 dividend. The ex-dividend date of this dividend was Monday, August 20th. This represents a $0.76 annualized dividend and a dividend yield of 1.14%. Brunswick’s dividend payout ratio is currently 19.54%.

Institutional investors and hedge funds have recently bought and sold shares of the company. Meeder Asset Management Inc. lifted its holdings in shares of Brunswick by 1,186.0% in the 2nd quarter. Meeder Asset Management Inc. now owns 2,572 shares of the company’s stock valued at $166,000 after buying an additional 2,372 shares during the period. CIBC Asset Management Inc acquired a new stake in shares of Brunswick in the 2nd quarter valued at approximately $200,000. GAM Holding AG acquired a new stake in shares of Brunswick in the 2nd quarter valued at approximately $203,000. Greenwood Capital Associates LLC acquired a new stake in shares of Brunswick in the 2nd quarter valued at approximately $216,000. Finally, Independent Advisor Alliance acquired a new stake in shares of Brunswick in the 2nd quarter valued at approximately $218,000. 96.27% of the stock is owned by institutional investors and hedge funds.

About Brunswick

Brunswick Corporation designs, manufactures, and markets recreation products worldwide. The company's Marine Engine segment offers outboard, sterndrive, and inboard engine and propulsion systems; marine electronics and control integration systems, steering systems, instruments, controls, propellers, trolling motors, fuel systems, service parts, and lubricants; and diesel propulsion systems to the recreational and commercial marine markets.

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Analyst Recommendations for Brunswick (NYSE:BC)

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