Brunswick Receives Buy Rating from Citigroup Inc. (BC)
Brunswick (NYSE:BC)‘s stock had its “buy” rating reiterated by equities researchers at Citigroup Inc. in a report released on Tuesday, ARN reports. They currently have a $48.00 price target on the stock. Citigroup Inc.’s price objective suggests a potential upside of 18.61% from the stock’s previous close.
Separately, analysts at Wells Fargo & Co. upgraded shares of Brunswick to an “overweight” rating in a research note on Monday, February 24th. Three equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. The stock presently has a consensus rating of “Buy” and an average target price of $45.00.
Shares of Brunswick (NYSE:BC) traded down 1.85% during mid-day trading on Tuesday, hitting $39.72. 1,053,382 shares of the company’s stock traded hands. Brunswick has a one year low of $29.92 and a one year high of $47.69. The stock has a 50-day moving average of $44.29 and a 200-day moving average of $44.3. The company has a market cap of $3.677 billion and a P/E ratio of 4.94.
Brunswick (NYSE:BC) last issued its quarterly earnings data on Thursday, April 24th. The company reported $0.60 EPS for the quarter, meeting the Thomson Reuters consensus estimate of $0.60. The company had revenue of $969.20 million for the quarter, compared to the consensus estimate of $967.41 million. During the same quarter in the prior year, the company posted $0.76 earnings per share. The company’s quarterly revenue was down 2.6% on a year-over-year basis. On average, analysts predict that Brunswick will post $2.52 earnings per share for the current fiscal year.
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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