Brunswick Corporation (NYSE:BC) received a $65.00 price objective from equities researchers at B. Riley in a research note issued on Tuesday. The brokerage currently has a “buy” rating on the stock. B. Riley’s target price suggests a potential upside of 28.33% from the stock’s current price.

The analysts wrote, “We are lowering our estimate to account for these issues and reducing our PT from $70.00 to $65.00, but maintaining a Buy rating.””

A number of other research firms also recently weighed in on BC. BMO Capital Markets decreased their target price on shares of Brunswick Corporation from $68.00 to $62.00 and set an “outperform” rating for the company in a research report on Friday, October 27th. SunTrust Banks, Inc. reissued a “buy” rating and set a $62.00 target price on shares of Brunswick Corporation in a research report on Friday, October 27th. Stifel Nicolaus decreased their target price on shares of Brunswick Corporation from $68.00 to $61.00 and set a “buy” rating for the company in a research report on Friday, October 27th. Zacks Investment Research raised shares of Brunswick Corporation from a “sell” rating to a “hold” rating in a research report on Wednesday, October 18th. Finally, Royal Bank Of Canada reissued a “buy” rating on shares of Brunswick Corporation in a research report on Tuesday, October 3rd. One equities research analyst has rated the stock with a sell rating, five have given a hold rating and twelve have issued a buy rating to the stock. The stock presently has a consensus rating of “Buy” and an average target price of $63.29.

Brunswick Corporation (NYSE:BC) last issued its quarterly earnings data on Thursday, October 26th. The company reported $0.91 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.00 by ($0.09). The business had revenue of $1.14 billion during the quarter, compared to the consensus estimate of $1.16 billion. Brunswick Corporation had a net margin of 5.93% and a return on equity of 22.71%. The firm’s quarterly revenue was up 4.4% compared to the same quarter last year. During the same quarter last year, the business earned $0.91 EPS.

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Hedge funds and other institutional investors have recently bought and sold shares of the stock. Advisors Asset Management Inc. acquired a new stake in Brunswick Corporation in the 2nd quarter valued at $134,000. Bronfman E.L. Rothschild L.P. lifted its stake in Brunswick Corporation by 149.8% during the 2nd quarter. Bronfman E.L. Rothschild L.P. now owns 2,550 shares of the company’s stock valued at $160,000 after acquiring an additional 1,529 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank lifted its stake in Brunswick Corporation by 9.5% during the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 3,217 shares of the company’s stock valued at $202,000 after acquiring an additional 280 shares in the last quarter. Advisor Group Inc. lifted its stake in Brunswick Corporation by 2.7% during the 2nd quarter. Advisor Group Inc. now owns 3,306 shares of the company’s stock valued at $202,000 after acquiring an additional 87 shares in the last quarter. Finally, Pitcairn Co. bought a new position in Brunswick Corporation during the 2nd quarter valued at $213,000. 93.65% of the stock is owned by institutional investors and hedge funds.

Brunswick Corporation 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 Corporation (NYSE:BC)

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