Brunswick Corporation (BC) Upgraded to “Buy” at Northcoast Research

Northcoast Research upgraded shares of Brunswick Corporation (NYSE:BC) from a neutral rating to a buy rating in a report published on Friday, November 3rd, MarketBeat Ratings reports.

Other equities research analysts also recently issued research reports about the stock. B. Riley reissued a buy rating and issued a $70.00 target price on shares of Brunswick Corporation in a research report on Wednesday, August 2nd. Zacks Investment Research raised shares of Brunswick Corporation from a sell rating to a hold rating in a research report on Wednesday, October 18th. ValuEngine raised shares of Brunswick Corporation from a hold rating to a buy rating in a research report on Monday, October 2nd. BidaskClub downgraded shares of Brunswick Corporation from a sell rating to a strong sell rating in a research report on Friday, August 11th. Finally, Royal Bank Of Canada reaffirmed a buy rating on shares of Brunswick Corporation in a research report on Tuesday, October 3rd. One analyst has rated the stock with a sell rating, four have given a hold rating and thirteen have given a buy rating to the company’s stock. The stock currently has a consensus rating of Buy and a consensus target price of $62.50.

Shares of Brunswick Corporation (NYSE:BC) traded up $0.09 on Friday, hitting $52.59. 837,457 shares of the company’s stock were exchanged, compared to its average volume of 1,055,215. The firm has a market cap of $4,610.00, a price-to-earnings ratio of 13.70, a PEG ratio of 0.82 and a beta of 1.87. Brunswick Corporation has a 52 week low of $47.53 and a 52 week high of $63.82. The company has a debt-to-equity ratio of 0.28, a quick ratio of 0.95 and a current ratio of 1.81.

Brunswick Corporation (NYSE:BC) last announced its quarterly earnings results on Thursday, October 26th. The company reported $0.91 earnings per share for the quarter, missing the Zacks’ consensus estimate of $1.00 by ($0.09). The company had revenue of $1.14 billion during the quarter, compared to analyst estimates of $1.16 billion. Brunswick Corporation had a net margin of 5.93% and a return on equity of 22.71%. The firm’s revenue for the quarter was up 4.4% compared to the same quarter last year. During the same quarter last year, the business earned $0.91 EPS. equities research analysts anticipate that Brunswick Corporation will post 3.86 EPS for the current year.

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The firm also recently announced a quarterly dividend, which will be paid on Friday, December 15th. Investors of record on Tuesday, November 21st will be paid a dividend of $0.19 per share. The ex-dividend date of this dividend is Monday, November 20th. This is a positive change from Brunswick Corporation’s previous quarterly dividend of $0.17. This represents a $0.76 annualized dividend and a yield of 1.45%. Brunswick Corporation’s dividend payout ratio is currently 24.44%.

A number of hedge funds have recently added to or reduced their stakes in BC. Ladenburg Thalmann Financial Services Inc. lifted its stake in Brunswick Corporation by 1,158.4% during the third quarter. Ladenburg Thalmann Financial Services Inc. now owns 2,391 shares of the company’s stock valued at $132,000 after purchasing an additional 2,201 shares during the last quarter. Advisors Asset Management Inc. acquired a new stake in shares of Brunswick Corporation during the second quarter valued at approximately $134,000. Bronfman E.L. Rothschild L.P. raised its holdings in shares of Brunswick Corporation by 149.8% during the second quarter. Bronfman E.L. Rothschild L.P. now owns 2,550 shares of the company’s stock valued at $160,000 after acquiring an additional 1,529 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank raised its holdings in shares of Brunswick Corporation by 9.5% during the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 3,217 shares of the company’s stock valued at $202,000 after acquiring an additional 280 shares during the period. Finally, Advisor Group Inc. raised its holdings in shares of Brunswick Corporation by 2.7% during the second quarter. Advisor Group Inc. now owns 3,306 shares of the company’s stock valued at $202,000 after acquiring an additional 87 shares during the period. 89.12% 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.

Analyst Recommendations for Brunswick Corporation (NYSE:BC)

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