Equities researchers at Aegis initiated coverage on shares of Brunswick Corporation (NYSE:BC) in a research report issued on Thursday, The Fly reports. The firm set a “buy” rating on the stock.

A number of other research firms have also weighed in on BC. B. Riley reaffirmed a “buy” rating and issued a $72.00 price objective on shares of Brunswick Corporation in a research note on Friday, April 28th. Zacks Investment Research lowered shares of Brunswick Corporation from a “hold” rating to a “sell” rating in a research note on Monday, July 24th. Northcoast Research lowered shares of Brunswick Corporation from a “buy” rating to a “neutral” rating in a research note on Monday, July 10th. They noted that the move was a valuation call. BidaskClub raised shares of Brunswick Corporation from a “buy” rating to a “strong-buy” rating in a research note on Thursday, July 6th. Finally, BMO Capital Markets reaffirmed a “buy” rating and issued a $72.00 price objective on shares of Brunswick Corporation in a research note on Thursday, July 13th. One research analyst has rated the stock with a sell rating, four have given a hold rating and nine have assigned a buy rating to the company. The stock currently has a consensus rating of “Buy” and an average price target of $65.82.

Shares of Brunswick Corporation (BC) opened at 55.61 on Thursday. Brunswick Corporation has a one year low of $42.02 and a one year high of $63.82. The firm has a market cap of $4.93 billion, a price-to-earnings ratio of 17.64 and a beta of 1.81. The company has a 50 day moving average of $59.27 and a 200-day moving average of $59.09.

Brunswick Corporation (NYSE:BC) last issued its earnings results on Thursday, July 27th. The company reported $1.35 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $1.33 by $0.02. The business had revenue of $1.35 billion for the quarter, compared to analyst estimates of $1.32 billion. Brunswick Corporation had a net margin of 6.13% and a return on equity of 23.35%. Brunswick Corporation’s revenue was up 8.8% on a year-over-year basis. During the same period in the prior year, the firm earned $1.17 earnings per share. On average, analysts expect that Brunswick Corporation will post $4.05 EPS for the current year.

COPYRIGHT VIOLATION NOTICE: This article was published by American Banking News and is owned by of American Banking News. If you are reading this article on another website, it was stolen and reposted in violation of international trademark and copyright laws. The correct version of this article can be accessed at https://www.americanbankingnews.com/2017/08/17/brunswick-corporation-bc-research-coverage-started-at-aegis.html.

In other news, Chairman Mark D. Schwabero sold 29,552 shares of the firm’s stock in a transaction that occurred on Wednesday, June 28th. The shares were sold at an average price of $63.74, for a total value of $1,883,644.48. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider William Metzger sold 559 shares of the firm’s stock in a transaction that occurred on Wednesday, June 14th. The shares were sold at an average price of $62.50, for a total transaction of $34,937.50. Following the completion of the transaction, the insider now owns 115,673 shares of the company’s stock, valued at $7,229,562.50. The disclosure for this sale can be found here. Insiders sold 51,439 shares of company stock valued at $3,258,968 in the last quarter. Corporate insiders own 1.00% of the company’s stock.

Institutional investors have recently added to or reduced their stakes in the stock. Boston Partners raised its stake in shares of Brunswick Corporation by 3.8% in the second quarter. Boston Partners now owns 9,306,042 shares of the company’s stock valued at $583,768,000 after buying an additional 338,212 shares during the last quarter. BlackRock Inc. raised its stake in shares of Brunswick Corporation by 0.9% in the second quarter. BlackRock Inc. now owns 7,553,692 shares of the company’s stock valued at $473,842,000 after buying an additional 65,605 shares during the last quarter. Vanguard Group Inc. raised its stake in shares of Brunswick Corporation by 1.1% in the second quarter. Vanguard Group Inc. now owns 7,234,542 shares of the company’s stock valued at $453,822,000 after buying an additional 76,262 shares during the last quarter. JPMorgan Chase & Co. raised its stake in shares of Brunswick Corporation by 10.4% in the first quarter. JPMorgan Chase & Co. now owns 2,926,645 shares of the company’s stock valued at $179,110,000 after buying an additional 275,751 shares during the last quarter. Finally, Schroder Investment Management Group raised its stake in shares of Brunswick Corporation by 4.8% in the first quarter. Schroder Investment Management Group now owns 2,293,970 shares of the company’s stock valued at $140,345,000 after buying an additional 104,107 shares during the last quarter. Institutional investors own 99.27% of the company’s stock.

Brunswick Corporation Company Profile

Brunswick Corporation is a designer, manufacturer and marketer of recreation products. The Company operates through three segments: Marine Engine, Boat and Fitness. The Company’s product includes marine engines, boats, fitness equipment and active recreation products. The Company’s engine-related products include outboard, sterndrive and inboard engines; trolling motors; propellers; engine control systems; and marine parts and accessories.

The Fly

Analyst Recommendations for Brunswick Corporation (NYSE:BC)

Receive News & Ratings for Brunswick Corporation Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Brunswick Corporation and related companies with MarketBeat.com's FREE daily email newsletter.