Brunswick Corp. Downgraded by Jefferson Research to “Hold” (BC)
Brunswick Corp. (NYSE:BC) was downgraded by stock analysts at Jefferson Research from a “buy” rating to a “hold” rating in a report issued on Friday, Analyst Ratings Network.com reports.
Several other analysts have also recently commented on the stock. Analysts at Ned Davis Research downgraded shares of Brunswick Corp. from a “buy” rating to a “neutral” rating in a research note on Monday, January 13th. Five equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the company. Brunswick Corp. currently has an average rating of “Hold” and an average target price of $43.00.
In other Brunswick Corp. news, CEO Dustan Mccoy sold 12,000 shares of the stock on the open market in a transaction dated Tuesday, February 18th. The shares were sold at an average price of $43.34, for a total transaction of $520,080.00. Following the sale, the chief executive officer now directly owns 512,136 shares of the company’s stock, valued at approximately $22,195,974. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link.
Brunswick Corp. (NYSE:BC) traded up 0.42% during mid-day trading on Friday, hitting $43.23. The stock had a trading volume of 141,518 shares. Brunswick Corp. has a 52-week low of $29.92 and a 52-week high of $47.08. The stock has a 50-day moving average of $43.04 and a 200-day moving average of $42.30. The company has a market cap of $3.973 billion and a price-to-earnings ratio of 5.25.
Brunswick Corp. (NYSE:BC) last posted its quarterly earnings results on Thursday, January 30th. The company reported $0.15 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.13 by $0.02. The company had revenue of $901.50 million for the quarter, compared to the consensus estimate of $872.30 million. Analysts expect that Brunswick Corp. will post $2.57 EPS for the current fiscal year.
The company also recently announced a quarterly dividend, which is scheduled for Friday, March 14th. Shareholders of record on Tuesday, February 25th will be paid a dividend of $0.10 per share. This represents a $0.40 annualized dividend and a dividend yield of 0.93%. The ex-dividend date is Friday, February 21st.
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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