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.

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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.

Analyst Recommendations for Brunswick Corporation (NYSE:BC)

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