Brunswick (NYSE:BC) was downgraded by research analysts at ValuEngine from a “buy” rating to a “hold” rating in a research note issued to investors on Tuesday.
A number of other analysts have also recently weighed in on the stock. Zacks Investment Research cut shares of Brunswick from a “buy” rating to a “hold” rating in a report on Monday. B. Riley increased their price objective on shares of Brunswick from $68.00 to $80.00 and gave the stock a “buy” rating in a report on Friday, April 13th. Imperial Capital reaffirmed an “outperform” rating and issued a $78.00 price objective (up previously from $70.00) on shares of Brunswick in a report on Tuesday, March 6th. SunTrust Banks increased their price objective on shares of Brunswick to $78.00 and gave the stock a “buy” rating in a report on Monday, March 5th. Finally, CL King raised shares of Brunswick from a “neutral” rating to a “buy” rating in a report on Monday, March 5th. 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 currently has an average rating of “Buy” and a consensus price target of $69.66.
Brunswick stock opened at $58.16 on Tuesday. The company has a debt-to-equity ratio of 0.29, a quick ratio of 1.04 and a current ratio of 1.78. Brunswick has a 1 year low of $48.04 and a 1 year high of $64.45. The stock has a market capitalization of $5,035.42, a PE ratio of 15.13, a price-to-earnings-growth ratio of 0.77 and a beta of 1.82.
Brunswick (NYSE:BC) last released its quarterly earnings data on Thursday, February 1st. The company reported $0.70 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.74 by ($0.04). Brunswick had a return on equity of 22.52% and a net margin of 3.09%. The firm had revenue of $1.09 billion during the quarter, compared to analyst estimates of $1.13 billion. During the same period last year, the business earned $0.66 EPS. The firm’s revenue was up 10.6% on a year-over-year basis. research analysts expect that Brunswick will post 4.6 earnings per share for the current year.
In other Brunswick news, VP Christopher F. Dekker sold 3,100 shares of the firm’s stock in a transaction dated Thursday, February 15th. The shares were sold at an average price of $58.84, for a total transaction of $182,404.00. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. 1.00% of the stock is currently owned by company insiders.
A number of institutional investors have recently added to or reduced their stakes in BC. Rhumbline Advisers boosted its position in shares of Brunswick by 3.9% during the 4th quarter. Rhumbline Advisers now owns 205,423 shares of the company’s stock valued at $11,343,000 after purchasing an additional 7,755 shares in the last quarter. Elkfork Partners LLC acquired a new position in shares of Brunswick in the fourth quarter worth about $430,000. State of Alaska Department of Revenue boosted its holdings in shares of Brunswick by 91.9% in the fourth quarter. State of Alaska Department of Revenue now owns 22,260 shares of the company’s stock worth $1,228,000 after buying an additional 10,660 shares during the period. Schroder Investment Management Group boosted its holdings in shares of Brunswick by 8.2% in the fourth quarter. Schroder Investment Management Group now owns 1,810,603 shares of the company’s stock worth $99,981,000 after buying an additional 136,614 shares during the period. Finally, California Public Employees Retirement System boosted its holdings in shares of Brunswick by 6.0% in the fourth quarter. California Public Employees Retirement System now owns 204,411 shares of the company’s stock worth $11,288,000 after buying an additional 11,488 shares during the period. 93.85% of the stock is currently owned by hedge funds and other institutional investors.
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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.
To view ValuEngine’s full report, visit ValuEngine’s official website.
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