Brunswick Co. (NYSE:BC) Receives Average Rating of “Buy” from Brokerages
Brunswick Co. (NYSE:BC) has received a consensus rating of “Buy” from the sixteen ratings firms that are covering the stock, Marketbeat.com reports. Four equities research analysts have rated the stock with a hold recommendation and eleven have issued a buy recommendation on the company. The average twelve-month price objective among brokerages that have covered the stock in the last year is $58.74.
A number of equities analysts have recently commented on BC shares. B. Riley set a $74.00 price target on Brunswick and gave the stock a “buy” rating in a report on Wednesday, August 21st. Citigroup lowered their price target on Brunswick from $63.00 to $57.00 and set a “buy” rating for the company in a report on Tuesday, July 30th. ValuEngine raised Brunswick from a “sell” rating to a “hold” rating in a report on Tuesday, September 10th. Wells Fargo & Co lowered their price target on Brunswick from $64.00 to $55.00 and set an “outperform” rating for the company in a report on Wednesday, July 17th. Finally, BMO Capital Markets lowered their price target on Brunswick to $63.00 and set an “outperform” rating for the company in a report on Thursday, August 22nd.
In related news, CFO William Metzger sold 15,517 shares of the business’s stock in a transaction on Thursday, September 12th. The stock was sold at an average price of $53.77, for a total transaction of $834,349.09. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Insiders own 1.20% of the company’s stock.
NYSE BC traded up $0.67 during midday trading on Wednesday, hitting $51.27. The company had a trading volume of 520,400 shares, compared to its average volume of 1,084,528. The company has a market capitalization of $4.41 billion, a PE ratio of 10.75, a P/E/G ratio of 1.22 and a beta of 1.72. The company has a current ratio of 1.98, a quick ratio of 1.19 and a debt-to-equity ratio of 0.85. The firm has a 50-day moving average price of $49.67 and a 200-day moving average price of $48.18. Brunswick has a twelve month low of $41.02 and a twelve month high of $62.32.
Brunswick (NYSE:BC) last announced its quarterly earnings data on Thursday, July 25th. The company reported $1.45 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $1.39 by $0.06. The firm had revenue of $1.16 billion during the quarter, compared to analysts’ expectations of $1.21 billion. Brunswick had a return on equity of 26.56% and a net margin of 3.10%. The company’s quarterly revenue was down 16.9% compared to the same quarter last year. During the same period in the previous year, the firm earned $1.50 EPS. On average, equities analysts anticipate that Brunswick will post 4.23 EPS for the current year.
The company also recently disclosed a quarterly dividend, which was paid on Friday, September 13th. Investors of record on Tuesday, August 20th were given a dividend of $0.21 per share. The ex-dividend date of this dividend was Monday, August 19th. This represents a $0.84 dividend on an annualized basis and a yield of 1.64%. Brunswick’s dividend payout ratio is currently 17.61%.
Brunswick Corporation designs, manufactures, and markets recreation products worldwide. The company's Marine Engine segment offers outboard, sterndrive, and inboard engine and propulsion systems; marine electronics and control integration systems, steering systems, instruments, controls, propellers, trolling motors, fuel systems, electrical systems, service parts, and lubricants; and integrated propulsion systems to the recreational and commercial marine markets, as well as parts and accessories.
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