Brunswick Receives Buy Rating from Citigroup Inc. (BC)
Brunswick (NYSE:BC)‘s stock had its “buy” rating reaffirmed by research analysts at Citigroup Inc. in a report released on Monday. They currently have a $47.00 price target on the stock, down from their previous price target of $48.00. Citigroup Inc.’s target price points to a potential upside of 17.50% from the company’s current price.
BC has been the subject of a number of other recent research reports. 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. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating and six have assigned a buy rating to the company. The stock presently has an average rating of “Buy” and a consensus target price of $48.40.
Brunswick (NYSE:BC) traded up 1.88% on Monday, hitting $40.75. The stock had a trading volume of 292,252 shares. Brunswick has a one year low of $35.40 and a one year high of $47.69. The stock has a 50-day moving average of $41.40 and a 200-day moving average of $42.57. The company has a market cap of $3.785 billion and a P/E ratio of 4.82.
Brunswick (NYSE:BC) last posted its quarterly earnings results on Thursday, July 24th. The company reported $0.95 earnings per share (EPS) for the quarter, beating the 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 previous year, the company posted $1.23 earnings per share. The company’s revenue for the quarter was up 3.8% on a year-over-year basis. Analysts expect that Brunswick will post $2.33 EPS for the current fiscal year.
The company also recently declared a quarterly dividend, which is scheduled for Monday, September 15th. Investors of record on Monday, August 25th will be given a dividend of $0.125 per share. This represents a $0.50 dividend on an annualized basis and a yield of 1.25%. The ex-dividend date of this dividend 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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