Brunswick Corporation (BC) Stock Rating Upgraded by Forward View
Brunswick Corporation (NYSE:BC) was upgraded by Forward View to a “buy” rating in a report issued on Sunday. The brokerage presently has a $60.00 price target on the stock. Forward View’s price target would indicate a potential upside of 13.14% from the company’s previous close.
BC has been the subject of several other research reports. Zacks Investment Research raised Brunswick Corporation from a “hold” rating to a “buy” rating and set a $71.00 price objective for the company in a report on Thursday, June 29th. BMO Capital Markets cut their price objective on Brunswick Corporation from $72.00 to $68.00 and set an “outperform” rating for the company in a report on Friday, July 28th. KeyCorp reaffirmed an “overweight” rating and issued a $62.00 price objective on shares of Brunswick Corporation in a report on Wednesday, August 30th. BidaskClub lowered Brunswick Corporation from a “sell” rating to a “strong sell” rating in a report on Friday, August 11th. Finally, Royal Bank Of Canada reaffirmed a “buy” rating and issued a $67.00 price objective on shares of Brunswick Corporation in a report on Thursday, August 31st. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating and ten have issued a buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and a consensus price target of $65.77.
Brunswick Corporation (NYSE BC) opened at 53.03 on Friday. The stock’s 50 day moving average price is $55.94 and its 200-day moving average price is $58.42. Brunswick Corporation has a 12 month low of $42.02 and a 12 month high of $63.82. The stock has a market cap of $4.70 billion, a PE ratio of 16.82 and a beta of 1.82.
Brunswick Corporation (NYSE:BC) last issued its quarterly earnings data on Thursday, July 27th. The company reported $1.35 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $1.33 by $0.02. Brunswick Corporation had a return on equity of 23.35% and a net margin of 6.13%. The company had revenue of $1.35 billion during the quarter, compared to analyst estimates of $1.32 billion. During the same quarter in the previous year, the company posted $1.17 earnings per share. Brunswick Corporation’s revenue was up 8.8% compared to the same quarter last year. Analysts anticipate that Brunswick Corporation will post $4.05 EPS for the current fiscal year.
In other news, insider William Metzger sold 559 shares of the business’s stock in a transaction dated Wednesday, June 14th. The stock was sold at an average price of $62.50, for a total value of $34,937.50. Following the transaction, the insider now directly owns 115,673 shares in the company, valued at $7,229,562.50. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, Chairman Mark D. Schwabero sold 29,552 shares of the business’s stock in a transaction dated Wednesday, June 28th. The shares were sold at an average price of $63.74, for a total value of $1,883,644.48. The disclosure for this sale can be found here. Insiders sold 51,439 shares of company stock worth $3,258,968 over the last 90 days. Company insiders own 1.00% of the company’s stock.
Institutional investors have recently made changes to their positions in the company. Advisors Asset Management Inc. purchased a new position in shares of Brunswick Corporation in the second quarter valued at about $134,000. Bronfman E.L. Rothschild L.P. lifted its position in shares of Brunswick Corporation by 149.8% in the second quarter. Bronfman E.L. Rothschild L.P. now owns 2,550 shares of the company’s stock valued at $160,000 after acquiring an additional 1,529 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank lifted its position in shares of Brunswick Corporation by 9.5% in the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 3,217 shares of the company’s stock valued at $202,000 after acquiring an additional 280 shares in the last quarter. Advisor Group Inc. lifted its position in shares of Brunswick Corporation by 2.7% in the second quarter. Advisor Group Inc. now owns 3,306 shares of the company’s stock valued at $202,000 after acquiring an additional 87 shares in the last quarter. Finally, Pitcairn Co. purchased a new position in shares of Brunswick Corporation in the second quarter valued at about $213,000. Institutional investors and hedge funds own 94.04% of the company’s stock.
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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