Brunswick PT Raised to $56.00 (BC)
Equities research analysts at B. Riley raised their target price on shares of Brunswick (NYSE:BC) to $56.00 in a research note issued to investors on Friday. B. Riley’s target price indicates a potential upside of 32.95% from the company’s current price.
BC has been the subject of a number of other recent research reports. Analysts at Raymond James upgraded shares of Brunswick from a “market perform” rating to a “strong-buy” rating in a research note on Tuesday, August 12th. They now have a $49.00 price target on the stock. Separately, analysts at Citigroup Inc. reiterated a “buy” rating on shares of Brunswick in a research note on Monday, August 11th. They now have a $47.00 price target on the stock, down previously from $48.00. Finally, 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. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating, five have issued a buy rating and one has issued a strong buy rating to the stock. The stock has an average rating of “Buy” and an average target price of $48.98.
Shares of Brunswick (NYSE:BC) traded up 0.47% during mid-day trading on Friday, hitting $42.32. 61,673 shares of the company’s stock traded hands. Brunswick has a 1-year low of $36.09 and a 1-year high of $47.69. The stock’s 50-day moving average is $41.46 and its 200-day moving average is $42.64. The company has a market cap of $3.931 billion and a price-to-earnings ratio of 5.08.
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. On average, analysts predict that Brunswick will post $2.33 earnings per share for the current fiscal year.
The company also recently declared a quarterly dividend, which is scheduled for Monday, September 15th. Shareholders 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 1.19%. The ex-dividend date of this dividend is Thursday, August 21st. This is a positive change 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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