Brunswick Corp.’s (BC) “Buy” Rating Reaffirmed at Stifel Nicolaus
Brunswick Corp. (NYSE:BC)‘s stock had its “buy” rating reaffirmed by equities research analysts at Stifel Nicolaus in a research report issued to clients and investors on Saturday. They presently have a $60.00 price objective on the stock. Stifel Nicolaus’ target price suggests a potential upside of 24.87% from the stock’s current price.
A number of other equities analysts also recently weighed in on BC. B. Riley reiterated a “buy” rating and issued a $65.00 target price on shares of Brunswick Corp. in a report on Friday, July 29th. Wedbush reiterated an “outperform” rating and issued a $60.00 target price on shares of Brunswick Corp. in a report on Tuesday, June 21st. Robert W. Baird reiterated an “outperform” rating on shares of Brunswick Corp. in a report on Saturday, June 25th. Zacks Investment Research downgraded Brunswick Corp. from a “hold” rating to a “sell” rating in a report on Friday. Finally, Imperial Capital assumed coverage on Brunswick Corp. in a report on Tuesday, September 27th. They issued an “outperform” rating and a $60.00 target price on the stock. Two investment analysts have rated the stock with a sell rating, two have given a hold rating and twelve have given a buy rating to the stock. The stock presently has a consensus rating of “Buy” and a consensus price target of $56.69.
Brunswick Corp. (NYSE:BC) opened at 48.05 on Friday. The stock’s 50 day moving average is $47.49 and its 200-day moving average is $47.66. The firm has a market capitalization of $4.34 billion, a PE ratio of 18.70 and a beta of 1.98. Brunswick Corp. has a 52-week low of $36.05 and a 52-week high of $55.65.
Brunswick Corp. (NYSE:BC) last posted its quarterly earnings data on Thursday, July 28th. The company reported $1.19 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $1.18 by $0.01. The firm had revenue of $1.24 billion for the quarter, compared to the consensus estimate of $1.25 billion. Brunswick Corp. had a return on equity of 22.51% and a net margin of 5.58%. The business’s revenue for the quarter was up 8.8% compared to the same quarter last year. During the same quarter in the previous year, the company earned $1.05 EPS. Equities analysts expect that Brunswick Corp. will post $3.48 earnings per share for the current year.
The firm also recently disclosed a quarterly dividend, which was paid on Thursday, September 15th. Stockholders of record on Tuesday, August 23rd were given a $0.15 dividend. The ex-dividend date of this dividend was Friday, August 19th. This represents a $0.60 annualized dividend and a dividend yield of 1.25%. Brunswick Corp.’s dividend payout ratio is 23.26%.
Several large investors have recently bought and sold shares of BC. World Asset Management Inc boosted its stake in Brunswick Corp. by 0.3% in the second quarter. World Asset Management Inc now owns 4,441 shares of the company’s stock valued at $201,000 after buying an additional 12 shares in the last quarter. State Treasurer State of Michigan boosted its position in shares of Brunswick Corp. by 0.3% in the second quarter. State Treasurer State of Michigan now owns 36,400 shares of the company’s stock valued at $1,650,000 after buying an additional 100 shares during the period. Brown Advisory Inc. boosted its position in shares of Brunswick Corp. by 0.9% in the second quarter. Brown Advisory Inc. now owns 13,619 shares of the company’s stock valued at $617,000 after buying an additional 119 shares during the period. Capstone Asset Management Co. boosted its position in shares of Brunswick Corp. by 2.6% in the second quarter. Capstone Asset Management Co. now owns 7,202 shares of the company’s stock valued at $326,000 after buying an additional 180 shares during the period. Finally, Aperio Group LLC boosted its position in shares of Brunswick Corp. by 1.7% in the first quarter. Aperio Group LLC now owns 12,216 shares of the company’s stock valued at $586,000 after buying an additional 210 shares during the period. 95.26% of the stock is owned by institutional investors.
Brunswick Corp. Company Profile
Brunswick Corporation (Brunswick) is a designer, manufacturer and marketer of recreation products, including marine engines, boats, fitness and active recreation products. The Company operates in three segments, which include Marine Engine, Boat and Fitness. The Marine Engine segment manufactures and markets a range of outboard engines, sterndrive engines, inboard engines and marine parts and accessories, which are principally sold directly to boat builders, including Brunswick’s Boat segment, or through marine retail dealers and distributors across the world.
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