Brunswick Rating Increased to Buy at ISI Group (BC)
Brunswick (NYSE:BC) was upgraded by ISI Group from a “hold” rating to a “buy” rating in a research note issued on Wednesday, TheFlyOnTheWall.com reports. The firm currently has a $55.00 target price on the stock. ISI Group’s price objective points to a potential upside of 34.70% from the stock’s previous close.
A number of other firms have also recently commented on BC. Analysts at KeyCorp upgraded shares of Brunswick from a “hold” rating to a “buy” rating in a research note on Wednesday. They now have a $55.00 price target on the stock. Separately, analysts at RBC Capital initiated coverage on shares of Brunswick in a research note on Tuesday. They set a “sector perform” rating and a $45.00 price target on the stock. Finally, analysts at Citigroup Inc. reiterated a “buy” rating on shares of Brunswick in a research note on Tuesday, April 29th. They now have a $48.00 price target on the stock. Three investment analysts have rated the stock with a hold rating and five have given a buy rating to the company’s stock. Brunswick presently has an average rating of “Buy” and a consensus price target of $49.67.
Shares of Brunswick (NYSE:BC) opened at 40.83 on Wednesday. Brunswick has a 52 week low of $30.85 and a 52 week high of $47.69. The stock has a 50-day moving average of $41.90 and a 200-day moving average of $43.47. The company has a market cap of $3.786 billion and a price-to-earnings ratio of 5.05.
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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