Brunswick (BC) Rating Reiterated by Stifel Nicolaus

Brunswick (NYSE:BC)‘s stock had its “buy” rating reaffirmed by equities research analysts at Stifel Nicolaus in a note issued to investors on Wednesday, MarketBeat Ratings reports. They presently have a $65.00 target price on the stock, up from their previous target price of $61.00. Stifel Nicolaus’ price target points to a potential upside of 11.28% from the stock’s current price.

Several other research analysts have also issued reports on the company. Zacks Investment Research lowered Brunswick from a “hold” rating to a “sell” rating in a research report on Monday, January 1st. Northcoast Research raised Brunswick from a “neutral” rating to a “buy” rating in a report on Friday, November 3rd. ValuEngine lowered Brunswick from a “buy” rating to a “hold” rating in a report on Wednesday, September 20th. Imperial Capital reissued a “buy” rating and issued a $65.00 price objective on shares of Brunswick in a report on Wednesday, December 13th. They noted that the move was a valuation call. Finally, B. Riley set a $70.00 price objective on Brunswick and gave the company a “buy” rating in a report on Monday, October 23rd. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating and eleven have issued a buy rating to the company’s stock. The company presently has an average rating of “Buy” and a consensus price target of $63.42.

Shares of Brunswick (BC) traded up $0.58 during trading hours on Wednesday, reaching $58.41. The company had a trading volume of 630,263 shares, compared to its average volume of 754,008. Brunswick has a 12 month low of $48.04 and a 12 month high of $63.82. The firm has a market cap of $5,120.00, a price-to-earnings ratio of 18.78, a P/E/G ratio of 0.83 and a beta of 1.91. 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 (NYSE:BC) last announced its earnings results on Thursday, October 26th. The company reported $0.91 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $1.00 by ($0.09). Brunswick had a net margin of 5.93% and a return on equity of 22.71%. The business had revenue of $1.14 billion for the quarter, compared to analyst estimates of $1.16 billion. During the same period in the prior year, the company earned $0.91 earnings per share. The company’s quarterly revenue was up 4.4% on a year-over-year basis. equities analysts predict that Brunswick will post 3.85 earnings per share for the current fiscal year.

In other news, insider John C. Pfeifer sold 3,780 shares of the stock in a transaction dated Tuesday, December 19th. The stock was sold at an average price of $54.96, for a total value of $207,748.80. The sale was disclosed in a document filed with the SEC, which is available through this link. 1.00% of the stock is currently owned by corporate insiders.

Several institutional investors and hedge funds have recently modified their holdings of the company. Aspen Investment Management Inc boosted its stake 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 worth $340,000 after buying an additional 50 shares during the last quarter. Advisor Group Inc. boosted 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 purchasing an additional 87 shares in the last quarter. HighTower Advisors LLC boosted its position in Brunswick by 1.5% during the second quarter. HighTower Advisors LLC now owns 8,107 shares of the company’s stock worth $509,000 after purchasing an additional 122 shares in the last quarter. Colony Group LLC boosted its position in Brunswick by 2.9% during the second quarter. Colony Group LLC now owns 23,450 shares of the company’s stock worth $1,471,000 after purchasing an additional 650 shares in the last quarter. Finally, Stifel Financial Corp boosted its position in Brunswick by 6.2% during the second quarter. Stifel Financial Corp now owns 25,067 shares of the company’s stock worth $1,572,000 after purchasing an additional 1,458 shares in the last quarter. Hedge funds and other institutional investors own 92.61% of the company’s stock.

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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.

Analyst Recommendations for Brunswick (NYSE:BC)

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