Brunswick Corp. Now Covered by Citigroup Inc. (BC)
Analysts at Citigroup Inc. assumed coverage on shares of Brunswick Corp. (NYSE:BC) in a research report issued to clients and investors on Wednesday, TheFlyOnTheWall.com reports. The firm set a “buy” rating on the stock.
Other equities research analysts have also recently issued reports about the stock. Analysts at Zacks upgraded shares of Brunswick Corp. from a “neutral” rating to an “outperform” rating in a research note to investors on Tuesday. They now have a $44.00 price target on the stock. 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 analyst has rated the stock with a sell rating, two have given a hold rating and eight have assigned a buy rating to the company’s stock. Brunswick Corp. currently has an average rating of “Buy” and a consensus price target of $39.75.
Brunswick Corp. (NYSE:BC) opened at 39.50 on Wednesday. Brunswick Corp. has a 1-year low of $21.08 and a 1-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 P/E ratio of 65.83.
Brunswick Corp. (NYSE:BC) last posted its quarterly earnings results on Thursday, July 25th. The company reported $1.23 earnings per share (EPS) for the quarter, beating the 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 in the previous year, the company posted $0.93 earnings per share. The company’s revenue for the quarter was up 4.2% on a year-over-year basis. 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 the company’s stock on the open market in a transaction that occurred on Thursday, October 3rd. The shares were sold at an average price of $41.60, for a total value of $121,056.00. Following the completion of the transaction, the vice president now directly owns 44,929 shares in the company, valued at approximately $1,869,046. The sale was disclosed in a filing with the SEC, 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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