Zacks Investment Research Upgrades Brunswick Corporation (BC) to “Hold”

Zacks Investment Research upgraded shares of Brunswick Corporation (NYSE:BC) from a sell rating to a hold rating in a report published on Friday morning.

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. “

A number of other brokerages also recently issued reports on BC. Aegis reiterated a buy rating and issued a $73.00 price target on shares of Brunswick Corporation in a report on Thursday, August 17th. B. Riley reiterated a buy rating and issued a $70.00 price target on shares of Brunswick Corporation in a report on Wednesday, August 2nd. ValuEngine downgraded shares of Brunswick Corporation from a buy rating to a hold rating in a report on Wednesday, September 20th. BidaskClub downgraded shares of Brunswick Corporation from a strong-buy rating to a buy rating in a report on Monday, July 24th. Finally, Jefferies Group LLC reiterated a hold rating and issued a $56.00 price target on shares of Brunswick Corporation in a report on Friday, July 14th. One equities 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 stock. The stock has a consensus rating of Buy and a consensus price target of $62.50.

Brunswick Corporation (NYSE:BC) opened at $48.84 on Friday. The firm has a market cap of $4,280.14, a price-to-earnings ratio of 12.95, a PEG ratio of 0.78 and a beta of 1.87. Brunswick Corporation has a one year low of $46.74 and a one year 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 issued its quarterly earnings results on Thursday, October 26th. The company reported $0.91 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $1.00 by ($0.09). The business had revenue of $1.14 billion for the quarter, compared to analysts’ expectations of $1.16 billion. Brunswick Corporation had a return on equity of 22.71% and a net margin of 5.93%. The company’s revenue was up 4.4% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.91 EPS. equities research analysts forecast that Brunswick Corporation will post 3.86 earnings per share for the current fiscal year.

TRADEMARK VIOLATION WARNING: “Zacks Investment Research Upgrades Brunswick Corporation (BC) to “Hold”” was first posted by BBNS and is the property of of BBNS. If you are reading this article on another website, it was stolen and reposted in violation of U.S. and international copyright & trademark legislation. The legal version of this article can be accessed at https://baseballnewssource.com/markets/zacks-investment-research-upgrades-brunswick-corporation-bc-to-hold/1774019.html.

The business also recently disclosed a quarterly dividend, which will be paid on Friday, December 15th. Shareholders of record on Tuesday, November 21st will be given a $0.19 dividend. This represents a $0.76 annualized dividend and a yield of 1.56%. This is a boost from Brunswick Corporation’s previous quarterly dividend of $0.17. The ex-dividend date is Monday, November 20th. Brunswick Corporation’s payout ratio is 21.29%.

Several institutional investors and hedge funds have recently made changes to their positions in the company. Allianz Asset Management GmbH lifted its position in shares of Brunswick Corporation by 1.8% in the 3rd quarter. Allianz Asset Management GmbH now owns 808,710 shares of the company’s stock worth $45,263,000 after purchasing an additional 14,141 shares during the period. Engineers Gate Manager LP purchased a new stake in shares of Brunswick Corporation in the 3rd quarter worth approximately $875,000. Convergence Investment Partners LLC lifted its position in shares of Brunswick Corporation by 16.8% in the 3rd quarter. Convergence Investment Partners LLC now owns 24,152 shares of the company’s stock worth $1,352,000 after purchasing an additional 3,472 shares during the period. Stifel Financial Corp raised its stake in shares of Brunswick Corporation by 133.7% during the 3rd quarter. Stifel Financial Corp now owns 58,588 shares of the company’s stock worth $3,277,000 after acquiring an additional 33,521 shares in the last quarter. Finally, Dimensional Fund Advisors LP raised its stake in shares of Brunswick Corporation by 8.0% during the 3rd quarter. Dimensional Fund Advisors LP now owns 901,104 shares of the company’s stock worth $50,433,000 after acquiring an additional 66,840 shares in the last quarter. 88.93% of the stock is owned by hedge funds and other institutional investors.

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.

Get a free copy of the Zacks research report on Brunswick Corporation (BC)

For more information about research offerings from Zacks Investment Research, visit Zacks.com

Analyst Recommendations for Brunswick Corporation (NYSE:BC)

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.

 


Latest News

Seattle Mariners Start Offseason With a Bang: Three Trades Over Four Days
Seattle Mariners Start Offseason With a Bang: Three Trades Over Four Days
MLB Commissioner: New Rule for Pace-of-Play in 2018
MLB Commissioner: New Rule for Pace-of-Play in 2018
Alex Cobb Could Be Good Fit for Cubs
Alex Cobb Could Be Good Fit for Cubs
Joey Votto Is One of Baseball’s Best Hitters
Joey Votto Is One of Baseball’s Best Hitters
Hunter Pence May Become Part-Time Player
Hunter Pence May Become Part-Time Player
Perfect 300 Bowled by Red Sox Right Fielder Mookie Betts
Perfect 300 Bowled by Red Sox Right Fielder Mookie Betts


Leave a Reply

 
© 2006-2017 BBNS.