Brunswick (BC) Rating Increased to Buy at ValuEngine
Brunswick (NYSE:BC) was upgraded by equities researchers at ValuEngine from a “hold” rating to a “buy” rating in a research note issued on Wednesday.
Other analysts have also issued research reports about the stock. B. Riley set a $65.00 target price on shares of Brunswick and gave the stock a “buy” rating in a research report on Tuesday, October 31st. Stifel Nicolaus restated a “buy” rating and set a $68.00 target price on shares of Brunswick in a research report on Thursday, September 7th. Forward View lowered shares of Brunswick from a “buy” rating to a “hold” rating in a research report on Monday, October 30th. Zacks Investment Research lowered shares of Brunswick from a “hold” rating to a “sell” rating in a research report on Friday, September 29th. Finally, Royal Bank of Canada cut their price target on shares of Brunswick from $67.00 to $56.00 and set an “outperform” rating on the stock in a research note on Monday, November 6th. Two equities research analysts have rated the stock with a sell rating, three have assigned a hold rating and twelve have issued a buy rating to the company’s stock. The company has an average rating of “Buy” and an average price target of $63.23.
Brunswick (NYSE BC) opened at $55.77 on Wednesday. The company has a current ratio of 1.81, a quick ratio of 0.95 and a debt-to-equity ratio of 0.28. Brunswick has a 1 year low of $48.04 and a 1 year high of $63.82. The firm has a market cap of $4,890.00, a PE ratio of 17.93, a price-to-earnings-growth ratio of 0.80 and a beta of 1.91.
In related news, insider John C. Pfeifer sold 3,780 shares of Brunswick stock in a transaction on Tuesday, December 19th. The shares were sold at an average price of $54.96, for a total transaction of $207,748.80. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Insiders own 1.00% of the company’s stock.
A number of hedge funds have recently made changes to their positions in the business. BlackRock Inc. boosted its holdings in shares of Brunswick by 0.9% in the 2nd quarter. BlackRock Inc. now owns 7,553,692 shares of the company’s stock valued at $473,842,000 after buying an additional 65,605 shares during the period. Vanguard Group Inc. boosted its holdings in shares of Brunswick by 1.1% in the 2nd quarter. Vanguard Group Inc. now owns 7,234,542 shares of the company’s stock valued at $453,822,000 after buying an additional 76,262 shares during the period. JPMorgan Chase & Co. boosted its holdings in shares of Brunswick by 4.3% in the 3rd quarter. JPMorgan Chase & Co. now owns 2,928,462 shares of the company’s stock valued at $162,382,000 after buying an additional 120,485 shares during the period. TimesSquare Capital Management LLC lifted its position in Brunswick by 12.3% in the 3rd quarter. TimesSquare Capital Management LLC now owns 2,191,300 shares of the company’s stock valued at $122,647,000 after purchasing an additional 240,600 shares during the last quarter. Finally, Schroder Investment Management Group lifted its position in Brunswick by 13.2% in the 3rd quarter. Schroder Investment Management Group now owns 1,673,989 shares of the company’s stock valued at $92,823,000 after purchasing an additional 195,394 shares during the last quarter. 92.18% of the stock is owned by institutional investors.
Brunswick 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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