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.

Brunswick (NYSE:BC) last issued its earnings results on Thursday, October 26th. The company reported $0.91 earnings per share for the quarter, missing the consensus estimate of $1.00 by ($0.09). The company had revenue of $1.14 billion for the quarter, compared to analyst estimates of $1.16 billion. Brunswick had a return on equity of 22.71% and a net margin of 5.93%. The company’s quarterly revenue was up 4.4% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.91 earnings per share. equities analysts anticipate that Brunswick will post 3.85 EPS for the current fiscal year.

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.

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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.

Analyst Recommendations for Brunswick (NYSE:BC)

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