Brunswick (BC) PT Raised to $70.00 at Imperial Capital

Brunswick (NYSE:BC) had its price target increased by Imperial Capital from $65.00 to $70.00 in a research report report published on Monday morning, Marketbeat.com reports. Imperial Capital currently has an outperform rating on the stock. Imperial Capital also issued estimates for Brunswick’s Q1 2018 earnings at $0.90 EPS, Q2 2018 earnings at $1.51 EPS, Q3 2018 earnings at $1.16 EPS, Q4 2018 earnings at $1.03 EPS, FY2018 earnings at $4.60 EPS, Q1 2019 earnings at $0.96 EPS, Q2 2019 earnings at $1.51 EPS, Q3 2019 earnings at $1.43 EPS, Q4 2019 earnings at $1.17 EPS and FY2019 earnings at $5.07 EPS.

A number of other brokerages also recently weighed in on BC. Royal Bank of Canada cut their price target on shares of Brunswick from $67.00 to $56.00 and set an outperform rating on the stock in a research report on Monday, November 6th. Northcoast Research upgraded shares of Brunswick from a neutral rating to a buy rating in a research report on Friday, November 3rd. B. Riley increased their price target on shares of Brunswick from $65.00 to $68.00 and gave the company a buy rating in a research report on Friday, February 2nd. Zacks Investment Research upgraded shares of Brunswick from a sell rating to a hold rating in a research report on Friday, November 10th. Finally, CL King reiterated a neutral rating on shares of Brunswick in a research report on Friday, February 2nd. One research analyst has rated the stock with a sell rating, four have given a hold rating and thirteen have issued a buy rating to the company’s stock. Brunswick has a consensus rating of Buy and an average price target of $65.47.

Brunswick (NYSE BC) opened at $56.72 on Monday. The stock has a market cap of $5,000.00, a PE ratio of 30.01, a PEG ratio of 0.79 and a beta of 1.81. The company has a debt-to-equity ratio of 0.29, a current ratio of 1.78 and a quick ratio of 1.04. Brunswick has a one year low of $48.04 and a one year high of $64.45.

Brunswick (NYSE:BC) last issued its earnings results on Thursday, February 1st. The company reported $0.70 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.74 by ($0.04). The business had revenue of $1.09 billion during the quarter, compared to the consensus estimate of $1.13 billion. Brunswick had a net margin of 3.09% and a return on equity of 22.52%. The firm’s revenue for the quarter was up 10.6% compared to the same quarter last year. During the same period last year, the business posted $0.66 EPS. sell-side analysts expect that Brunswick will post 4.58 earnings per share for the current fiscal year.

In other Brunswick news, insider John C. Pfeifer sold 3,780 shares of the firm’s stock in a transaction that occurred on Tuesday, December 19th. The shares were sold at an average price of $54.96, for a total transaction of $207,748.80. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Company insiders own 1.00% of the company’s stock.

Hedge funds have recently made changes to their positions in the business. Cerebellum GP LLC acquired a new stake in Brunswick during the 4th quarter worth approximately $128,000. Ladenburg Thalmann Financial Services Inc. raised its holdings in Brunswick by 1,158.4% during the 3rd quarter. Ladenburg Thalmann Financial Services Inc. now owns 2,391 shares of the company’s stock worth $132,000 after buying an additional 2,201 shares during the period. Advisor Group Inc. raised its holdings in Brunswick by 2.7% during the 2nd quarter. Advisor Group Inc. now owns 3,306 shares of the company’s stock worth $202,000 after buying an additional 87 shares during the period. Nomura Holdings Inc. acquired a new stake in Brunswick during the 2nd quarter worth approximately $240,000. Finally, Boothbay Fund Management LLC acquired a new stake in Brunswick during the 3rd quarter worth approximately $252,000. Hedge funds and other institutional investors own 91.53% 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.

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