Brunswick Corp. Rating Increased to Outperform at Zacks (BC)
Brunswick Corp. (NYSE:BC) was upgraded by Zacks from a “neutral” rating to an “outperform” rating in a research report issued to clients and investors on Tuesday, StockRatingsNetwork.com reports. The firm currently has a $44.00 price target on the stock. Zacks‘ target price suggests a potential upside of 11.39% from the company’s current price.
Separately, analysts at SunTrust reiterated a “buy” rating on shares of Brunswick Corp. in a research note to investors on Friday, September 13th. They now have a $45.00 price target on the stock. One research analyst has rated the stock with a sell rating, two have given a hold rating and seven have given a buy rating to the stock. Brunswick Corp. presently has a consensus rating of “Buy” and an average price target of $39.75.
Shares of Brunswick Corp. (NYSE:BC) traded down 2.37% during mid-day trading on Tuesday, hitting $39.50. The stock had a trading volume of 1,040,517 shares. Brunswick Corp. has a one year low of $21.08 and a one year high of $42.10. The stock’s 50-day moving average is $38.74 and its 200-day moving average is $35.07. The company has a market cap of $3.576 billion and a price-to-earnings ratio of 67.43.
Brunswick Corp. (NYSE:BC) last announced its earnings results on Thursday, July 25th. The company reported $1.23 earnings per share for the quarter, beating the analysts’ consensus estimate of $1.07 by $0.16. The company had revenue of $1.10 billion for the quarter, compared to the consensus estimate of $1.11 billion. During the same quarter last year, the company posted $0.93 earnings per share. Brunswick Corp.’s revenue was up 4.2% compared to the same quarter last year. On average, analysts predict that Brunswick Corp. will post $2.62 earnings per share for the current fiscal year.
In other Brunswick Corp. news, VP Mark Schwabero unloaded 2,910 shares of Brunswick Corp. stock on the open market in a transaction that occurred on Thursday, October 3rd. The stock was sold at an average price of $41.60, for a total value of $121,056.00. Following the completion of the sale, the vice president now directly owns 44,929 shares of the company’s stock, valued at approximately $1,869,046. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link.
Brunswick Corporation (NYSE:BC) is a worldwide designer, manufacturer and marketer of recreation products, including marine engines, boats, fitness equipment and bowling and billiards equipment.
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