Brunswick Corp. (NYSE:BC)‘s stock had its “buy” rating restated by equities researchers at Stifel Nicolaus in a report issued on Saturday. They presently have a $60.00 price objective on the stock. Stifel Nicolaus’ target price would indicate a potential upside of 24.87% from the company’s previous close.
A number of other brokerages have also recently weighed in on BC. B. Riley restated a “buy” rating and set a $65.00 price objective on shares of Brunswick Corp. in a research note on Friday, July 29th. Off Wall Street assumed coverage on shares of Brunswick Corp. in a research note on Monday, July 18th. They set a “sell” rating on the stock. Imperial Capital assumed coverage on shares of Brunswick Corp. in a research note on Tuesday, September 27th. They set an “outperform” rating and a $60.00 price objective on the stock. Zacks Investment Research upgraded shares of Brunswick Corp. from a “hold” rating to a “buy” rating and set a $55.00 price objective on the stock in a research note on Tuesday, August 2nd. Finally, Wedbush reaffirmed an “outperform” rating and set a $60.00 target price on shares of Brunswick Corp. in a report on Tuesday, June 21st. Two research analysts have rated the stock with a sell rating, two have issued a hold rating and twelve have issued a buy rating to the company. The stock currently has a consensus rating of “Buy” and a consensus target price of $56.69.
Brunswick Corp. (NYSE:BC) traded down 0.27% on Friday, reaching $48.05. 439,751 shares of the company’s stock were exchanged. The firm’s 50 day moving average is $47.49 and its 200 day moving average is $47.66. Brunswick Corp. has a 1-year low of $36.05 and a 1-year high of $55.65. The stock has a market capitalization of $4.34 billion, a P/E ratio of 18.70 and a beta of 1.98.
Brunswick Corp. (NYSE:BC) last issued its quarterly earnings data on Thursday, July 28th. The company reported $1.19 earnings per share for the quarter, beating analysts’ consensus estimates of $1.18 by $0.01. Brunswick Corp. had a net margin of 5.58% and a return on equity of 22.51%. The business had revenue of $1.24 billion for the quarter, compared to analysts’ expectations of $1.25 billion. During the same period in the previous year, the business earned $1.05 earnings per share. The company’s revenue was up 8.8% on a year-over-year basis. Analysts expect that Brunswick Corp. will post $3.48 EPS for the current year.
The firm also recently announced a quarterly dividend, which was paid on Thursday, September 15th. Shareholders of record on Tuesday, August 23rd were paid a dividend of $0.15 per share. The ex-dividend date of this dividend was Friday, August 19th. This represents a $0.60 annualized dividend and a yield of 1.25%. Brunswick Corp.’s dividend payout ratio (DPR) is presently 23.26%.
A number of institutional investors have recently added to or reduced their stakes in the stock. Fuller & Thaler Asset Management Inc. acquired a new position in Brunswick Corp. during the second quarter valued at $109,000. Advisors Asset Management Inc. acquired a new position in Brunswick Corp. during the second quarter valued at $109,000. World Asset Management Inc boosted its position in Brunswick Corp. by 0.3% in the second quarter. World Asset Management Inc now owns 4,441 shares of the company’s stock valued at $201,000 after buying an additional 12 shares during the period. BlackRock Japan Co. Ltd boosted its position in Brunswick Corp. by 362.8% in the first quarter. BlackRock Japan Co. Ltd now owns 4,272 shares of the company’s stock valued at $205,000 after buying an additional 3,349 shares during the period. Finally, Advisor Group Inc. acquired a new position in Brunswick Corp. during the second quarter valued at $210,000. 95.26% of the stock is currently owned by institutional investors.
Brunswick Corp. Company Profile
Brunswick Corporation (Brunswick) is a designer, manufacturer and marketer of recreation products, including marine engines, boats, fitness and active recreation products. The Company operates in three segments, which include Marine Engine, Boat and Fitness. The Marine Engine segment manufactures and markets a range of outboard engines, sterndrive engines, inboard engines and marine parts and accessories, which are principally sold directly to boat builders, including Brunswick’s Boat segment, or through marine retail dealers and distributors across the world.
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