Equities researchers at Citigroup initiated coverage on shares of Brunswick (NYSE:BC) in a research report issued on Tuesday, Marketbeat Ratings reports. The brokerage set a “neutral” rating and a $70.00 price target on the stock. Citigroup‘s price objective suggests a potential upside of 12.81% from the stock’s current price.

BC has been the subject of several other reports. B. Riley reissued a “buy” rating and issued a $88.00 price objective on shares of Brunswick in a report on Friday, July 31st. Raymond James reissued a “buy” rating on shares of Brunswick in a report on Thursday, September 10th. CL King raised their price target on Brunswick from $52.00 to $79.00 and gave the company a “buy” rating in a research report on Monday, July 6th. KeyCorp raised their price target on Brunswick from $72.00 to $80.00 and gave the company an “overweight” rating in a research report on Friday, July 31st. Finally, Zacks Investment Research upgraded Brunswick from a “hold” rating to a “buy” rating and set a $65.00 price objective for the company in a research report on Tuesday, June 16th. Five analysts have rated the stock with a hold rating and eleven have given a buy rating to the company. The stock has a consensus rating of “Buy” and a consensus target price of $63.14.

Shares of Brunswick stock opened at $62.05 on Tuesday. The firm has a market capitalization of $4.91 billion, a P/E ratio of -248.20 and a beta of 2.03. Brunswick has a 52 week low of $25.22 and a 52 week high of $73.99. The company has a quick ratio of 0.98, a current ratio of 1.63 and a debt-to-equity ratio of 0.78. The firm’s 50 day moving average is $63.58 and its two-hundred day moving average is $53.82.

Brunswick (NYSE:BC) last announced its quarterly earnings results on Thursday, July 30th. The company reported $0.99 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.45 by $0.54. The company had revenue of $987.80 million for the quarter, compared to analyst estimates of $801.62 million. Brunswick had a negative net margin of 0.84% and a positive return on equity of 23.56%. The firm’s revenue was down 15.2% on a year-over-year basis. During the same period in the prior year, the firm posted $1.45 earnings per share. As a group, research analysts expect that Brunswick will post 4.08 earnings per share for the current fiscal year.

In related news, VP Randall S. Altman sold 3,746 shares of the company’s stock in a transaction that occurred on Friday, August 14th. The stock was sold at an average price of $65.06, for a total transaction of $243,714.76. Following the sale, the vice president now directly owns 13,011 shares of the company’s stock, valued at approximately $846,495.66. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Corporate insiders own 0.70% of the company’s stock.

Institutional investors and hedge funds have recently modified their holdings of the stock. Nisa Investment Advisors LLC grew its stake in shares of Brunswick by 1.5% in the second quarter. Nisa Investment Advisors LLC now owns 26,500 shares of the company’s stock worth $1,696,000 after purchasing an additional 400 shares in the last quarter. Legal & General Group Plc grew its stake in shares of Brunswick by 0.3% in the first quarter. Legal & General Group Plc now owns 174,765 shares of the company’s stock worth $6,181,000 after purchasing an additional 483 shares in the last quarter. Envestnet Asset Management Inc. grew its stake in shares of Brunswick by 0.8% in the second quarter. Envestnet Asset Management Inc. now owns 63,825 shares of the company’s stock worth $4,085,000 after purchasing an additional 489 shares in the last quarter. CSat Investment Advisory L.P. grew its stake in shares of Brunswick by 185.0% in the second quarter. CSat Investment Advisory L.P. now owns 781 shares of the company’s stock worth $50,000 after purchasing an additional 507 shares in the last quarter. Finally, DekaBank Deutsche Girozentrale grew its stake in shares of Brunswick by 5.2% in the second quarter. DekaBank Deutsche Girozentrale now owns 12,200 shares of the company’s stock worth $767,000 after purchasing an additional 600 shares in the last quarter.

Brunswick Company Profile

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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Analyst Recommendations for Brunswick (NYSE:BC)

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