Brunswick (NYSE:BC) had its price target increased by stock analysts at Imperial Capital from $65.00 to $70.00 in a research note issued on Monday, MarketBeat Ratings reports. The firm currently has an “outperform” rating on the stock. Imperial Capital’s target price indicates a potential upside of 20.07% from the stock’s previous close. Imperial Capital also issued estimates for Brunswick’s Q1 2018 earnings at $0.90 EPS, Q2 2018 earnings at $1.51 EPS, Q3 2018 earnings at $1.16 EPS, Q4 2018 earnings at $1.03 EPS, FY2018 earnings at $4.60 EPS, Q1 2019 earnings at $0.96 EPS, Q2 2019 earnings at $1.51 EPS, Q3 2019 earnings at $1.43 EPS, Q4 2019 earnings at $1.17 EPS and FY2019 earnings at $5.07 EPS.

Other equities research analysts have also issued research reports about the company. B. Riley set a $65.00 price objective on Brunswick and gave the stock a “buy” rating in a research report on Tuesday, October 31st. Northcoast Research set a $64.00 price objective on Brunswick and gave the stock a “buy” rating in a research report on Monday, January 29th. CL King restated a “neutral” rating on shares of Brunswick in a research report on Friday, February 2nd. Forward View lowered Brunswick from a “buy” rating to a “hold” rating in a research report on Monday, October 30th. Finally, ValuEngine upgraded Brunswick from a “hold” rating to a “buy” rating in a research report on Wednesday, January 3rd. One research analyst has rated the stock with a sell rating, four have assigned a hold rating and thirteen have assigned a buy rating to the company. The stock currently has a consensus rating of “Buy” and a consensus target price of $65.47.

Shares of Brunswick (BC) opened at $58.30 on Monday. The company has a debt-to-equity ratio of 0.29, a current ratio of 1.78 and a quick ratio of 1.04. Brunswick has a 52-week low of $48.04 and a 52-week high of $64.45. The company has a market capitalization of $5,167.56, a P/E ratio of 36.67, a price-to-earnings-growth ratio of 0.79 and a beta of 1.82.

Brunswick (NYSE:BC) last released its quarterly earnings data on Thursday, February 1st. The company reported $0.70 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.74 by ($0.04). Brunswick had a return on equity of 22.52% and a net margin of 3.09%. The company had revenue of $1.09 billion during the quarter, compared to analysts’ expectations of $1.13 billion. During the same quarter in the prior year, the company posted $0.66 EPS. The company’s revenue for the quarter was up 10.6% on a year-over-year basis. sell-side analysts forecast that Brunswick will post 4.58 earnings per share for the current year.

In other news, insider John C. Pfeifer sold 3,780 shares of the stock in a transaction that occurred on Tuesday, December 19th. The stock was sold at an average price of $54.96, for a total transaction of $207,748.80. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Company insiders own 1.00% of the company’s stock.

Several large investors have recently made changes to their positions in the company. JPMorgan Chase & Co. lifted its position in shares of Brunswick by 4.3% during 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 in the last quarter. TimesSquare Capital Management LLC lifted its position in shares of Brunswick by 12.3% during the 3rd quarter. TimesSquare Capital Management LLC now owns 2,191,300 shares of the company’s stock valued at $122,647,000 after buying an additional 240,600 shares in the last quarter. Schroder Investment Management Group lifted its position in shares of Brunswick by 13.2% during the 3rd quarter. Schroder Investment Management Group now owns 1,673,989 shares of the company’s stock valued at $92,823,000 after buying an additional 195,394 shares in the last quarter. Victory Capital Management Inc. lifted its holdings in Brunswick by 10.2% in the 3rd quarter. Victory Capital Management Inc. now owns 1,581,911 shares of the company’s stock valued at $88,539,000 after purchasing an additional 146,661 shares in the last quarter. Finally, Dimensional Fund Advisors LP lifted its holdings in Brunswick by 8.0% in the 3rd quarter. Dimensional Fund Advisors LP now owns 901,104 shares of the company’s stock valued at $50,433,000 after purchasing an additional 66,840 shares in the last quarter. Hedge funds and other institutional investors own 91.53% of the company’s stock.

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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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