Brunswick Receives Consensus Rating of “Buy” from Analysts (NYSE:BC)
Brunswick (NYSE:BC) has been given a consensus rating of “Buy” by the nine analysts that are currently covering the company, Analyst Ratings News reports. One equities research analyst has rated the stock with a sell recommendation, two have assigned a hold recommendation and six have given a buy recommendation to the company. The average twelve-month price target among analysts that have covered the stock in the last year is $48.54.
A number of analysts have recently weighed in on BC shares. Analysts at Zacks downgraded shares of Brunswick from a “neutral” rating to an “underperform” rating in a research note on Wednesday, July 23rd. They now have a $39.80 price target on the stock. Separately, analysts at B. Riley upgraded shares of Brunswick from a “neutral” rating to a “buy” rating in a research note on Friday, July 18th. They now have a $52.00 price target on the stock, up previously from $47.50. Finally, analysts at ISI Group upgraded shares of Brunswick from a “hold” rating to a “buy” rating in a research note on Wednesday, June 25th. They now have a $55.00 price target on the stock.
Shares of Brunswick (NYSE:BC) opened at 40.00 on Wednesday. Brunswick has a 52-week low of $35.40 and a 52-week high of $47.69. The stock’s 50-day moving average is $41.40 and its 200-day moving average is $42.57. The company has a market cap of $3.716 billion and a price-to-earnings ratio of 4.77.
Brunswick (NYSE:BC) last released its earnings data on Thursday, July 24th. The company reported $0.95 EPS for the quarter, beating the Thomson Reuters consensus estimate of $0.91 by $0.04. The company had revenue of $1.14 billion for the quarter, compared to the consensus estimate of $1.17 billion. During the same quarter in the prior year, the company posted $1.23 earnings per share. The company’s quarterly revenue was up 3.8% on a year-over-year basis. On average, analysts predict that Brunswick will post $2.33 earnings per share for the current fiscal year.
The company also recently announced a quarterly dividend, which is scheduled for Monday, September 15th. Investors of record on Monday, August 25th will be paid a dividend of $0.125 per share. This represents a $0.50 annualized dividend and a dividend yield of 1.25%. The ex-dividend date is Thursday, August 21st. This is an increase from Brunswick’s previous quarterly dividend of $0.10.
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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