Brunswick (BC) Rating Increased to Hold at Zacks Investment Research

Brunswick (NYSE:BC) was upgraded by Zacks Investment Research from a “sell” rating to a “hold” rating in a research note issued on Thursday.

According to Zacks, “Brunswick Corporation endeavors to instill Genuine Ingenuity in all its leading consumer brands, including Mercury and Mariner outboard engines; Mercury MerCruiser sterndrives and inboard engines; MotorGuide trolling motors; Attwood and Whale marine parts and accessories; Land ‘N’ Sea, Kellogg Marine, Diversified Marine, BLA and Bell RPG parts and accessories distributors; Bayliner, Boston Whaler, Brunswick Commercial and Government Products, Crestliner, Cypress Cay, Harris, Lowe, Lund, Meridian, Princecraft, Quicksilver, Rayglass, Sea Ray and Uttern boats, and Life Fitness, Hammer Strength and SCIFIT fitness equipment, and Brunswick billiards tables, accessories and game room furniture and InMovement products and services for productive well-being. “

BC has been the topic of several other research reports. Stifel Nicolaus reduced their price objective on shares of Brunswick from $68.00 to $61.00 and set a “buy” rating on the stock in a research note on Friday, October 27th. BMO Capital Markets dropped their target price on shares of Brunswick from $68.00 to $62.00 and set an “outperform” rating on the stock in a report on Friday, October 27th. Northcoast Research upgraded shares of Brunswick from a “neutral” rating to a “buy” rating in a report on Friday, November 3rd. Royal Bank of Canada restated a “buy” rating on shares of Brunswick in a report on Tuesday, October 3rd. Finally, SunTrust Banks restated a “buy” rating and issued a $62.00 target price on shares of Brunswick in a report on Friday, October 27th. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating and eleven have assigned a buy rating to the company. Brunswick currently has a consensus rating of “Buy” and a consensus target price of $63.42.

Shares of Brunswick (NYSE:BC) opened at $58.41 on Thursday. The company has a quick ratio of 0.95, a current ratio of 1.81 and a debt-to-equity ratio of 0.28. Brunswick has a one year low of $48.04 and a one year high of $63.82. The firm has a market cap of $5,120.00, a price-to-earnings ratio of 18.78, a P/E/G ratio of 0.83 and a beta of 1.91.

Brunswick (NYSE:BC) last issued its quarterly earnings data on Thursday, October 26th. The company reported $0.91 earnings per share for the quarter, missing the consensus estimate of $1.00 by ($0.09). Brunswick had a return on equity of 22.71% and a net margin of 5.93%. The business had revenue of $1.14 billion during the quarter, compared to the consensus estimate of $1.16 billion. During the same period in the prior year, the firm earned $0.91 EPS. The business’s revenue for the quarter was up 4.4% compared to the same quarter last year. analysts forecast that Brunswick will post 3.85 EPS for the current year.

In related news, insider John C. Pfeifer sold 3,780 shares of the business’s stock in a transaction on Tuesday, December 19th. The shares were sold at an average price of $54.96, for a total value of $207,748.80. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. 1.00% of the stock is owned by insiders.

Hedge funds and other institutional investors have recently made changes to their positions in the company. Ladenburg Thalmann Financial Services Inc. raised its holdings in shares of Brunswick by 1,158.4% during the third quarter. Ladenburg Thalmann Financial Services Inc. now owns 2,391 shares of the company’s stock valued at $132,000 after purchasing an additional 2,201 shares during the period. Advisor Group Inc. raised its holdings in shares of Brunswick by 2.7% during the second quarter. Advisor Group Inc. now owns 3,306 shares of the company’s stock valued at $202,000 after purchasing an additional 87 shares during the period. Nomura Holdings Inc. acquired a new position in shares of Brunswick during the second quarter valued at about $240,000. TLP Group LLC acquired a new position in shares of Brunswick during the second quarter valued at about $251,000. Finally, Raymond James Financial Services Advisors Inc. acquired a new stake in shares of Brunswick in the 2nd quarter worth about $263,000. Hedge funds and other institutional investors own 92.61% of the company’s stock.

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About Brunswick

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 (NYSE:BC)

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