TheStreet Downgrades Brunswick (BC) to C

TheStreet cut shares of Brunswick (NYSE:BC) from a b- rating to a c rating in a research note published on Thursday morning, TheStreetRatingsTable reports.

Other research analysts have also issued reports about the company. B. Riley reiterated a buy rating on shares of Brunswick in a research report on Thursday, December 27th. Longbow Research set a $68.00 price target on Brunswick and gave the stock a buy rating in a research report on Friday. SunTrust Banks reduced their price target on Brunswick to $62.00 and set a buy rating on the stock in a research report on Friday. They noted that the move was a valuation call. Zacks Investment Research upgraded Brunswick from a sell rating to a hold rating in a research report on Wednesday, April 3rd. Finally, ValuEngine upgraded Brunswick from a sell rating to a hold rating in a research report on Monday, February 25th. One research analyst has rated the stock with a sell rating, two have given a hold rating and nine have given a buy rating to the company’s stock. Brunswick has a consensus rating of Buy and an average target price of $69.64.

Shares of BC opened at $50.45 on Thursday. The firm has a market capitalization of $4.39 billion, a price-to-earnings ratio of 10.58, a PEG ratio of 1.02 and a beta of 1.65. The company has a debt-to-equity ratio of 0.82, a quick ratio of 0.75 and a current ratio of 1.61. Brunswick has a 52 week low of $41.92 and a 52 week high of $69.82.

Brunswick (NYSE:BC) last announced its quarterly earnings data on Thursday, April 25th. The company reported $0.99 EPS for the quarter, meeting the Zacks’ consensus estimate of $0.99. The firm had revenue of $1.28 billion for the quarter, compared to analyst estimates of $1.29 billion. Brunswick had a return on equity of 27.01% and a net margin of 2.99%. The business’s quarterly revenue was up 5.4% compared to the same quarter last year. During the same period last year, the company earned $1.01 EPS. Analysts forecast that Brunswick will post 4.88 EPS for the current year.

In other news, VP Daniel J. Tanner sold 3,373 shares of the firm’s stock in a transaction on Friday, March 15th. The stock was sold at an average price of $53.28, for a total value of $179,713.44. The transaction was disclosed in a document filed with the SEC, which is available through this link. Also, VP Christopher F. Dekker sold 1,599 shares of the firm’s stock in a transaction on Thursday, February 14th. The stock was sold at an average price of $49.94, for a total value of $79,854.06. Following the completion of the transaction, the vice president now owns 32,323 shares in the company, valued at $1,614,210.62. The disclosure for this sale can be found here. Insiders sold a total of 6,251 shares of company stock worth $321,816 over the last 90 days. 1.20% of the stock is owned by corporate insiders.

Institutional investors have recently modified their holdings of the stock. FNY Investment Advisers LLC acquired a new stake in Brunswick during the 1st quarter worth $25,000. Oregon Public Employees Retirement Fund raised its stake in Brunswick by 4,579.8% during the 4th quarter. Oregon Public Employees Retirement Fund now owns 1,604,197 shares of the company’s stock worth $35,000 after buying an additional 1,569,918 shares during the period. First Mercantile Trust Co. raised its stake in Brunswick by 15.7% during the 4th quarter. First Mercantile Trust Co. now owns 2,140 shares of the company’s stock worth $99,000 after buying an additional 290 shares during the period. Rehmann Capital Advisory Group raised its stake in Brunswick by 207.5% during the 3rd quarter. Rehmann Capital Advisory Group now owns 2,580 shares of the company’s stock worth $173,000 after buying an additional 1,741 shares during the period. Finally, New England Research & Management Inc. acquired a new stake in Brunswick during the 1st quarter worth $206,000. 96.18% of the stock is currently owned by institutional investors and hedge funds.

Brunswick Company Profile

Brunswick Corporation designs, manufactures, and markets recreation products worldwide. The company's Marine Engine segment offers outboard, sterndrive, and inboard engine and propulsion systems; marine electronics and control integration systems, steering systems, instruments, controls, propellers, trolling motors, fuel systems, electrical systems, service parts, and lubricants; and integrated propulsion systems to the recreational and commercial marine markets, as well as parts and accessories.

See Also: What is the price-sales ratio?

Analyst Recommendations for Brunswick (NYSE:BC)

Receive News & Ratings for Brunswick Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Brunswick and related companies with MarketBeat.com's FREE daily email newsletter.