Brunswick Corporation (BC) Rating Reiterated by BMO Capital Markets

Brunswick Corporation (NYSE:BC)‘s stock had its “buy” rating reissued by equities research analysts at BMO Capital Markets in a research report issued to clients and investors on Friday. They presently have a $68.00 price objective on the stock. BMO Capital Markets’ target price would indicate a potential upside of 18.24% from the stock’s current price.

Several other research analysts also recently issued reports on BC. BidaskClub upgraded shares of Brunswick Corporation from a “buy” rating to a “strong-buy” rating in a research report on Thursday, July 6th. Northcoast Research downgraded shares of Brunswick Corporation from a “buy” rating to a “neutral” rating in a research report on Monday, July 10th. They noted that the move was a valuation call. Zacks Investment Research downgraded shares of Brunswick Corporation from a “buy” rating to a “hold” rating in a research report on Tuesday, July 11th. Royal Bank Of Canada reiterated a “buy” rating and set a $65.00 price target on shares of Brunswick Corporation in a research report on Wednesday, July 12th. Finally, Stifel Nicolaus upped their target price on shares of Brunswick Corporation from $66.00 to $68.00 and gave the company a “buy” rating in a research report on Friday, July 14th. Two investment analysts have rated the stock with a sell rating, three have assigned a hold rating and twelve have assigned a buy rating to the company. The stock presently has an average rating of “Buy” and a consensus target price of $65.54.

Brunswick Corporation (NYSE:BC) opened at 57.51 on Friday. The firm has a market cap of $5.10 billion, a PE ratio of 18.25 and a beta of 1.85. Brunswick Corporation has a 1-year low of $42.02 and a 1-year high of $63.82. The firm’s 50-day moving average is $54.81 and its 200 day moving average is $57.29.

Brunswick Corporation (NYSE:BC) last issued its quarterly earnings results on Thursday, July 27th. The company reported $1.35 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $1.33 by $0.02. The business had revenue of $1.35 billion for the quarter, compared to the consensus estimate of $1.32 billion. Brunswick Corporation had a net margin of 6.13% and a return on equity of 23.35%. The firm’s quarterly revenue was up 8.8% on a year-over-year basis. During the same quarter in the prior year, the company earned $1.17 EPS. On average, equities analysts forecast that Brunswick Corporation will post $4.04 earnings per share for the current fiscal year.

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Hedge funds have recently made changes to their positions in the company. Advisors Asset Management Inc. bought a new stake in shares of Brunswick Corporation in the 2nd quarter valued at about $134,000. Bronfman E.L. Rothschild L.P. increased its stake in shares of Brunswick Corporation by 149.8% in the 2nd 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 during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank increased its stake in shares of Brunswick Corporation by 9.5% in the 2nd 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 during the last quarter. Advisor Group Inc. increased its stake in shares of Brunswick Corporation by 2.7% in the 2nd quarter. Advisor Group Inc. now owns 3,306 shares of the company’s stock valued at $202,000 after acquiring an additional 87 shares during the last quarter. Finally, Pitcairn Co. bought a new stake in shares of Brunswick Corporation in the 2nd quarter valued at about $213,000. 93.99% of the stock is owned by institutional investors.

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.

Analyst Recommendations for Brunswick Corporation (NYSE:BC)

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