Brunswick (NYSE:BC) Rating Lowered to Strong Sell at ValuEngine

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ValuEngine lowered shares of Brunswick (NYSE:BC) from a sell rating to a strong sell rating in a research report sent to investors on Tuesday morning, ValuEngine reports.

Several other research analysts have also recently issued reports on the stock. Zacks Investment Research raised shares of HB Fuller from a sell rating to a hold rating in a report on Tuesday, June 11th. TheStreet cut shares of Trinity Industries from a b rating to a c rating in a report on Thursday, April 25th. Northcoast Research reaffirmed a neutral rating on shares of Advance Auto Parts in a report on Thursday, June 27th. Longbow Research set a $68.00 price objective on shares of Brunswick and gave the company a buy rating in a report on Friday, April 26th. Finally, Wedbush reissued a buy rating and set a $36.00 price objective on shares of Allena Pharmaceuticals in a report on Tuesday, July 2nd. One investment analyst has rated the stock with a sell rating, four have issued a hold rating and nine have given a buy rating to the company’s stock. Brunswick presently has a consensus rating of Buy and an average price target of $62.72.

Shares of Brunswick stock opened at $46.14 on Tuesday. The company has a debt-to-equity ratio of 0.87, a current ratio of 1.61 and a quick ratio of 0.79. The stock has a market capitalization of $3.89 billion, a PE ratio of 9.67, a PEG ratio of 0.96 and a beta of 1.70. Brunswick has a 52-week low of $41.02 and a 52-week high of $69.82. The business has a 50-day moving average price of $44.44.

Brunswick (NYSE:BC) last issued its earnings results on Thursday, April 25th. The company reported $0.99 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.99. The business had revenue of $1.28 billion during the quarter, compared to analysts’ expectations of $1.29 billion. Brunswick had a net margin of 2.99% and a return on equity of 27.01%. The business’s revenue for the quarter was up 5.4% compared to the same quarter last year. During the same period in the previous year, the company earned $1.01 earnings per share. On average, research analysts forecast that Brunswick will post 4.66 earnings per share for the current fiscal year.

The business also recently disclosed a quarterly dividend, which was paid on Friday, June 14th. Stockholders of record on Tuesday, May 21st were issued a dividend of $0.21 per share. The ex-dividend date of this dividend was Monday, May 20th. This represents a $0.84 annualized dividend and a dividend yield of 1.82%. Brunswick’s payout ratio is 17.61%.

A number of hedge funds and other institutional investors have recently made changes to their positions in the stock. BlackRock Inc. grew its position in Brunswick by 2.6% during the fourth quarter. BlackRock Inc. now owns 7,669,657 shares of the company’s stock valued at $356,255,000 after buying an additional 196,332 shares during the period. FMR LLC grew its position in Brunswick by 45.0% during the first quarter. FMR LLC now owns 3,012,240 shares of the company’s stock valued at $151,605,000 after buying an additional 934,679 shares during the period. Lakewood Capital Management LP grew its position in Brunswick by 55.0% during the fourth quarter. Lakewood Capital Management LP now owns 2,211,257 shares of the company’s stock valued at $102,713,000 after buying an additional 785,000 shares during the period. TimesSquare Capital Management LLC grew its position in Brunswick by 4.8% during the first quarter. TimesSquare Capital Management LLC now owns 1,953,440 shares of the company’s stock valued at $98,317,000 after buying an additional 89,350 shares during the period. Finally, Impala Asset Management LLC grew its position in Brunswick by 621.7% during the first quarter. Impala Asset Management LLC now owns 1,324,580 shares of the company’s stock valued at $66,666,000 after buying an additional 1,141,053 shares during the period. Institutional investors own 93.07% of the company’s stock.

About Brunswick

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.

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To view ValuEngine’s full report, visit ValuEngine’s official website.

Analyst Recommendations for Brunswick (NYSE:BC)

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