Brunswick Corporation (BC) Stock Rating Upgraded by ValuEngine
Brunswick Corporation (NYSE:BC) was upgraded by analysts at ValuEngine from a “hold” rating to a “buy” rating in a research note issued on Monday.
Several other analysts also recently weighed in on the company. Jefferies Group LLC restated a “hold” rating and set a $56.00 price objective on shares of Brunswick Corporation in a research report on Friday, July 14th. Stifel Nicolaus lifted their target price on Brunswick Corporation from $66.00 to $68.00 and gave the company a “buy” rating in a research report on Friday, July 14th. BMO Capital Markets reiterated a “buy” rating and issued a $72.00 target price on shares of Brunswick Corporation in a research report on Thursday, July 13th. Zacks Investment Research raised Brunswick Corporation from a “hold” rating to a “buy” rating and set a $71.00 target price for the company in a research note on Thursday, June 29th. Finally, BidaskClub raised Brunswick Corporation from a “buy” rating to a “strong-buy” rating in a research note on Thursday, July 6th. Two investment analysts have rated the stock with a sell rating, three have issued a hold rating and twelve have issued a buy rating to the company. The stock currently has a consensus rating of “Buy” and an average target price of $65.93.
Brunswick Corporation (NYSE BC) opened at 57.60 on Monday. The firm has a 50-day moving average price of $53.61 and a 200 day moving average price of $57.45. The company has a market cap of $5.11 billion, a P/E ratio of 18.27 and a beta of 1.85. Brunswick Corporation has a 12 month low of $42.02 and a 12 month high of $63.82.
Brunswick Corporation (NYSE:BC) last announced its quarterly earnings data on Thursday, July 27th. The company reported $1.35 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.33 by $0.02. Brunswick Corporation had a net margin of 6.13% and a return on equity of 23.35%. The firm had revenue of $1.35 billion for the quarter, compared to the consensus estimate of $1.32 billion. During the same period in the prior year, the company posted $1.17 earnings per share. The business’s revenue for the quarter was up 8.8% on a year-over-year basis. On average, equities analysts expect that Brunswick Corporation will post $4.05 earnings per share for the current year.
In other news, Chairman Mark D. Schwabero sold 2,738 shares of Brunswick Corporation stock in a transaction on Friday, July 14th. The shares were sold at an average price of $63.72, for a total transaction of $174,465.36. Following the transaction, the chairman now owns 219,783 shares in the company, valued at $14,004,572.76. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. 1.00% of the stock is currently owned by insiders.
Institutional investors and hedge funds have recently modified their holdings of the company. UBS Asset Management Americas Inc. lifted its stake in shares of Brunswick Corporation by 84.9% in the first quarter. UBS Asset Management Americas Inc. now owns 90,902 shares of the company’s stock worth $5,563,000 after acquiring an additional 41,728 shares during the period. Karp Capital Management Corp bought a new stake in Brunswick Corporation in the first quarter valued at approximately $1,019,000. Envestnet Asset Management Inc. boosted its holdings in Brunswick Corporation by 59.8% in the first quarter. Envestnet Asset Management Inc. now owns 3,932 shares of the company’s stock valued at $240,000 after acquiring an additional 1,472 shares during the last quarter. M&T Bank Corp boosted its holdings in Brunswick Corporation by 11.4% in the first quarter. M&T Bank Corp now owns 7,600 shares of the company’s stock valued at $464,000 after acquiring an additional 778 shares during the last quarter. Finally, SG Americas Securities LLC boosted its holdings in Brunswick Corporation by 297.6% in the first quarter. SG Americas Securities LLC now owns 19,580 shares of the company’s stock valued at $1,198,000 after acquiring an additional 14,656 shares during the last quarter. Institutional investors own 93.99% of the company’s stock.
About Brunswick Corporation
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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