Brunswick Corporation (BC) Stock Rating Upgraded by Zacks Investment Research

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.

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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.

Analyst Recommendations for Brunswick Corporation (NYSE:BC)

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