Zacks Investment Research upgraded shares of Brunswick Corporation (NYSE:BC) from a sell rating to a hold rating in a research report report published on Wednesday, October 18th.
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. “
Several other equities analysts have also issued reports on BC. Aegis restated a buy rating and set a $73.00 price target on shares of Brunswick Corporation in a research report on Thursday, August 17th. BidaskClub upgraded Brunswick Corporation from a buy rating to a strong-buy rating in a research report on Thursday, July 6th. ValuEngine lowered Brunswick Corporation from a buy rating to a hold rating in a research report on Wednesday, September 20th. Forward View upgraded Brunswick Corporation from a hold rating to a buy rating and set a $60.00 price target on the stock in a research report on Sunday, September 3rd. Finally, Northcoast Research cut Brunswick Corporation from a buy rating to a neutral rating in a report on Monday, July 10th. They noted that the move was a valuation call. 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. The company has an average rating of Buy and a consensus price target of $62.50.
Shares of Brunswick Corporation (BC) traded up $0.07 during midday trading on Wednesday, reaching $51.63. The company’s stock had a trading volume of 1,336,519 shares, compared to its average volume of 1,350,000. The company has a market cap of $4,580.00, a price-to-earnings ratio of 13.68, a P/E/G ratio of 0.82 and a beta of 1.87. The company has a debt-to-equity ratio of 0.28, a current ratio of 1.81 and a quick ratio of 0.95. Brunswick Corporation has a fifty-two week low of $42.02 and a fifty-two week high of $63.82.
Brunswick Corporation (NYSE:BC) last announced its earnings results on Thursday, October 26th. The company reported $0.91 earnings per share for the quarter, missing analysts’ consensus estimates of $1.00 by ($0.09). The business had revenue of $1.14 billion during the quarter, compared to the consensus estimate of $1.16 billion. Brunswick Corporation had a return on equity of 22.71% and a net margin of 5.93%. Brunswick Corporation’s revenue was up 4.4% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.91 earnings per share. sell-side analysts expect that Brunswick Corporation will post 3.86 EPS for the current fiscal year.
ILLEGAL ACTIVITY NOTICE: “Brunswick Corporation (NYSE:BC) Upgraded at Zacks Investment Research” was first posted by BBNS and is the sole property of of BBNS. If you are reading this story on another site, it was illegally stolen and reposted in violation of U.S. & international trademark and copyright laws. The legal version of this story can be read at https://baseballnewssource.com/markets/brunswick-corporation-bc-rating-increased-to-hold-at-zacks-investment-research/1722920.html.
The firm also recently announced a quarterly dividend, which will be paid on Friday, December 15th. Shareholders of record on Tuesday, November 21st will be issued a $0.19 dividend. This is a positive change from Brunswick Corporation’s previous quarterly dividend of $0.17. The ex-dividend date is Monday, November 20th. This represents a $0.76 dividend on an annualized basis and a dividend yield of 1.47%. Brunswick Corporation’s dividend payout ratio (DPR) is presently 21.22%.
Several institutional investors have recently bought and sold shares of BC. Advisors Asset Management Inc. bought a new stake in shares of Brunswick Corporation in the second quarter worth $134,000. Bronfman E.L. Rothschild L.P. grew its holdings in shares of Brunswick Corporation by 149.8% in the second quarter. Bronfman E.L. Rothschild L.P. now owns 2,550 shares of the company’s stock worth $160,000 after acquiring an additional 1,529 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank grew its holdings in shares of Brunswick Corporation by 9.5% in the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 3,217 shares of the company’s stock worth $202,000 after acquiring an additional 280 shares during the period. Advisor Group Inc. grew its holdings in shares of Brunswick Corporation by 2.7% in the second quarter. Advisor Group Inc. now owns 3,306 shares of the company’s stock worth $202,000 after acquiring an additional 87 shares during the period. Finally, Pitcairn Co. bought a new stake in shares of Brunswick Corporation in the second quarter worth $213,000. 93.43% of the stock is owned by institutional investors and hedge funds.
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.
For more information about research offerings from Zacks Investment Research, visit Zacks.com
Receive News & Ratings for Brunswick Corporation Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Brunswick Corporation and related companies with our FREE daily email newsletter.