Brunswick Corporation (BC) Rating Increased to Hold at Zacks Investment Research
Brunswick Corporation (NYSE:BC) was upgraded by Zacks Investment Research from a “sell” rating to a “hold” rating in a report issued on Friday.
According to Zacks, “Brunswick Corporation is a manufacturer and marketer of leading consumer brands in four segments: Marine Engines, Boats, Fitness and Bowling & Billiards. The company also owns and operates: Brunswick bowling centers across the United States and internationally; Land ‘N’ Sea, a distributor of marine parts and accessories; and Omni Fitness, a chain of specialty fitness equipment retail stores. “
Other research analysts have also issued reports about the stock. Forward View set a $60.00 price objective on shares of Brunswick Corporation and gave the stock a “hold” rating in a report on Sunday, July 30th. BidaskClub lowered shares of Brunswick Corporation from a “strong-buy” rating to a “buy” rating in a report on Monday, July 24th. BMO Capital Markets decreased their price objective on shares of Brunswick Corporation from $68.00 to $62.00 and set an “outperform” rating for the company in a report on Friday, October 27th. KeyCorp restated a “buy” rating and issued a $62.00 price objective on shares of Brunswick Corporation in a report on Thursday, August 31st. Finally, Aegis restated a “buy” rating and issued a $73.00 price objective on shares of Brunswick Corporation in a report on Thursday, August 17th. One investment analyst has rated the stock with a sell rating, four have issued a hold rating and thirteen have issued a buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and an average target price of $62.50.
Brunswick Corporation (BC) traded down $0.03 during trading hours on Friday, reaching $48.81. 959,123 shares of the company were exchanged, compared to its average volume of 1,370,000. Brunswick Corporation has a 52 week low of $44.25 and a 52 week high of $63.82. The company has a quick ratio of 0.95, a current ratio of 1.81 and a debt-to-equity ratio of 0.28. The company has a market cap of $4,280.00, a price-to-earnings ratio of 13.20, a P/E/G ratio of 0.79 and a beta of 1.87.
Brunswick Corporation (NYSE:BC) last posted its quarterly earnings results on Thursday, October 26th. The company reported $0.91 EPS for the quarter, missing the Zacks’ consensus estimate of $1.00 by ($0.09). Brunswick Corporation had a net margin of 5.93% and a return on equity of 22.71%. The firm had revenue of $1.14 billion for the quarter, compared to the consensus estimate of $1.16 billion. During the same quarter in the prior year, the company earned $0.91 earnings per share. The company’s quarterly revenue was up 4.4% compared to the same quarter last year. research analysts predict that Brunswick Corporation will post 3.86 EPS for the current fiscal year.
Large investors have recently added to or reduced their stakes in the company. Advisors Asset Management Inc. purchased a new stake in shares of Brunswick Corporation in the 2nd quarter worth about $134,000. Bronfman E.L. Rothschild L.P. grew its position in shares of Brunswick Corporation by 149.8% in the 2nd quarter. Bronfman E.L. Rothschild L.P. now owns 2,550 shares of the company’s stock worth $160,000 after buying an additional 1,529 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank grew its position in shares of Brunswick Corporation by 9.5% in the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 3,217 shares of the company’s stock worth $202,000 after buying an additional 280 shares during the period. Advisor Group Inc. grew its position in shares of Brunswick Corporation by 2.7% in the 2nd quarter. Advisor Group Inc. now owns 3,306 shares of the company’s stock worth $202,000 after buying an additional 87 shares during the period. Finally, Pitcairn Co. purchased a new stake in shares of Brunswick Corporation in the 2nd quarter worth about $213,000. 93.43% of the stock is currently owned by hedge funds and other institutional investors.
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.
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