Brunswick Corporation (NYSE:BC) was upgraded by Zacks Investment Research from a “sell” rating to a “hold” rating in a research note issued on Friday.
According to Zacks, “Brunswick Corporation is a manufacturer and marketer of leading consumer brands in four segments: Marine Engines, Boats, Fitness and Bowling & Billiards. The company also owns and operates: Brunswick bowling centers across the United States and internationally; Land ‘N’ Sea, a distributor of marine parts and accessories; and Omni Fitness, a chain of specialty fitness equipment retail stores. “
A number of other equities analysts also recently weighed in on the stock. Aegis reissued a “buy” rating and issued a $73.00 price target on shares of Brunswick Corporation in a report on Thursday, August 17th. ValuEngine downgraded shares of Brunswick Corporation from a “buy” rating to a “hold” rating in a report on Wednesday, September 20th. Forward View raised shares of Brunswick Corporation from a “hold” rating to a “buy” rating and set a $60.00 price objective on the stock in a report on Sunday, September 3rd. BMO Capital Markets dropped their price objective on shares of Brunswick Corporation from $72.00 to $68.00 and set an “outperform” rating on the stock in a report on Friday, July 28th. Finally, B. Riley set a $70.00 price objective on shares of Brunswick Corporation and gave the company a “buy” rating in a report on Monday, October 23rd. One investment analyst has rated the stock with a sell rating, four have issued a hold rating and thirteen have assigned a buy rating to the stock. Brunswick Corporation has an average rating of “Buy” and a consensus price target of $62.50.
Brunswick Corporation (BC) opened at $48.81 on Friday. The company has a quick ratio of 0.95, a current ratio of 1.81 and a debt-to-equity ratio of 0.28. The firm has a market cap of $4,280.15, a PE ratio of 12.95, a P/E/G ratio of 0.78 and a beta of 1.87. Brunswick Corporation has a fifty-two week low of $46.70 and a fifty-two week high of $63.82.
Brunswick Corporation (NYSE:BC) last issued its quarterly earnings results on Thursday, October 26th. The company reported $0.91 earnings per share for the quarter, missing the Zacks’ consensus estimate of $1.00 by ($0.09). The company had revenue of $1.14 billion during the quarter, compared to analysts’ expectations of $1.16 billion. Brunswick Corporation had a return on equity of 22.71% and a net margin of 5.93%. Brunswick Corporation’s quarterly revenue was up 4.4% compared to the same quarter last year. During the same period last year, the firm posted $0.91 earnings per share. analysts predict that Brunswick Corporation will post 3.86 earnings per share for the current fiscal year.
ILLEGAL ACTIVITY NOTICE: This news story was originally posted by Sports Perspectives and is the property of of Sports Perspectives. If you are viewing this news story on another publication, it was stolen and republished in violation of United States and international copyright laws. The correct version of this news story can be viewed at https://sportsperspectives.com/2017/11/12/brunswick-corporation-bc-stock-rating-upgraded-by-zacks-investment-research.html.
Several institutional investors have recently made changes to their positions in the company. Boston Partners lifted its holdings in shares of Brunswick Corporation by 3.8% in the second quarter. Boston Partners now owns 9,306,042 shares of the company’s stock worth $583,768,000 after buying an additional 338,212 shares in the last quarter. BlackRock Inc. lifted its holdings in shares of Brunswick Corporation by 0.9% in the second quarter. BlackRock Inc. now owns 7,553,692 shares of the company’s stock worth $473,842,000 after buying an additional 65,605 shares in the last quarter. Vanguard Group Inc. lifted its holdings in shares of Brunswick Corporation by 1.1% in the second quarter. Vanguard Group Inc. now owns 7,234,542 shares of the company’s stock worth $453,822,000 after buying an additional 76,262 shares in the last quarter. JPMorgan Chase & Co. lifted its holdings in shares of Brunswick Corporation by 4.3% in the third quarter. JPMorgan Chase & Co. now owns 2,928,462 shares of the company’s stock worth $162,382,000 after buying an additional 120,485 shares in the last quarter. Finally, TimesSquare Capital Management LLC lifted its holdings in shares of Brunswick Corporation by 12.3% in the third quarter. TimesSquare Capital Management LLC now owns 2,191,300 shares of the company’s stock worth $122,647,000 after buying an additional 240,600 shares in the last quarter. 93.43% of the stock is currently owned by hedge funds and other institutional investors.
Brunswick Corporation Company Profile
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.
Receive News & Ratings for Brunswick Corporation Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Brunswick Corporation and related companies with MarketBeat.com's FREE daily email newsletter.