Brunswick (BC) Lifted to Hold at Zacks Investment Research

Brunswick (NYSE:BC) was upgraded by Zacks Investment Research from a “sell” rating to a “hold” rating in a research note issued to investors on Friday, November 10th.

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. “

Other analysts also recently issued reports about the stock. Aegis reiterated a “buy” rating and issued a $73.00 price objective on shares of Brunswick in a research report on Thursday, August 17th. B. Riley reissued a “buy” rating and set a $70.00 target price on shares of Brunswick in a research note on Wednesday, August 2nd. Stifel Nicolaus raised their target price on shares of Brunswick from $66.00 to $68.00 and gave the company a “buy” rating in a research note on Friday, July 14th. BMO Capital Markets reissued a “buy” rating and set a $72.00 target price on shares of Brunswick in a research note on Thursday, July 13th. Finally, BidaskClub cut shares of Brunswick from a “strong-buy” rating to a “buy” rating in a research note on Monday, July 24th. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating and thirteen have issued a buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and a consensus price target of $62.50.

Brunswick (BC) traded up $0.82 during midday trading on Friday, reaching $55.59. 878,200 shares of the company’s stock were exchanged, compared to its average volume of 1,056,588. The company has a quick ratio of 0.95, a current ratio of 1.81 and a debt-to-equity ratio of 0.28. Brunswick has a 12-month low of $48.04 and a 12-month high of $63.82. The company has a market cap of $4,608.10, a P/E ratio of 13.94, a price-to-earnings-growth ratio of 0.84 and a beta of 1.87.

Brunswick (NYSE:BC) last posted its quarterly earnings results on Thursday, October 26th. The company reported $0.91 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate 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 had a return on equity of 22.71% and a net margin of 5.93%. The company’s quarterly revenue was up 4.4% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.91 earnings per share. research analysts predict that Brunswick will post 3.86 EPS for the current fiscal year.

Several large investors have recently added to or reduced their stakes in the company. Somerset Trust Co raised its position in shares of Brunswick by 0.4% in the second quarter. Somerset Trust Co now owns 9,309 shares of the company’s stock valued at $584,000 after purchasing an additional 39 shares during the period. Aspen Investment Management Inc raised its position in shares of Brunswick by 0.9% in the second quarter. Aspen Investment Management Inc now owns 5,420 shares of the company’s stock valued at $340,000 after purchasing an additional 50 shares during the period. Advisor Group Inc. increased its position in Brunswick by 2.7% during 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. Teacher Retirement System of Texas increased its position in Brunswick by 1.4% during the second quarter. Teacher Retirement System of Texas now owns 7,180 shares of the company’s stock worth $450,000 after acquiring an additional 98 shares during the period. Finally, Oppenheimer Asset Management Inc. increased its position in Brunswick by 2.4% during the second quarter. Oppenheimer Asset Management Inc. now owns 4,536 shares of the company’s stock worth $285,000 after acquiring an additional 106 shares during the period. 92.23% of the stock is currently owned by institutional investors.

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Brunswick 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.

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