Brunswick Corporation (BC) Given a $70.00 Price Target by B. Riley Analysts
Brunswick Corporation (NYSE:BC) has been assigned a $70.00 target price by analysts at B. Riley in a report released on Monday. The firm currently has a “buy” rating on the stock. B. Riley’s target price would indicate a potential upside of 18.42% from the stock’s previous close.
Several other equities analysts also recently weighed in on BC. Zacks Investment Research raised Brunswick Corporation from a “sell” rating to a “hold” rating in a research report on Wednesday, October 18th. ValuEngine raised Brunswick Corporation from a “hold” rating to a “buy” rating in a research report on Monday, October 2nd. BidaskClub downgraded Brunswick Corporation from a “sell” rating to a “strong sell” rating in a research report on Friday, August 11th. BMO Capital Markets reissued a “buy” rating and set a $68.00 target price on shares of Brunswick Corporation in a research report on Friday, October 13th. Finally, Royal Bank Of Canada reissued a “buy” rating on shares of Brunswick Corporation in a research report on Tuesday, October 3rd. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating and twelve have given a buy rating to the stock. Brunswick Corporation has a consensus rating of “Buy” and an average price target of $65.54.
Shares of Brunswick Corporation (NYSE:BC) traded down 1.61% on Monday, hitting $58.16. 1,012,739 shares of the stock traded hands. The firm has a market cap of $5.16 billion, a PE ratio of 18.45 and a beta of 1.85. Brunswick Corporation has a 52-week low of $42.02 and a 52-week high of $63.82. The firm has a 50 day moving average price of $55.61 and a 200 day moving average price of $57.24.
Brunswick Corporation (NYSE:BC) last issued its quarterly earnings data 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 analysts’ expectations of $1.32 billion. Brunswick Corporation had a return on equity of 23.35% and a net margin of 6.13%. The company’s revenue for the quarter was up 8.8% on a year-over-year basis. During the same period in the prior year, the firm earned $1.17 EPS. On average, equities analysts forecast that Brunswick Corporation will post $4.04 EPS for the current year.
A number of institutional investors have recently made changes to their positions in BC. BlackRock Inc. grew its position in Brunswick Corporation by 8,617.9% in the 1st quarter. BlackRock Inc. now owns 7,488,087 shares of the company’s stock valued at $458,271,000 after acquiring an additional 7,402,194 shares during the last quarter. AJO LP grew its position in Brunswick Corporation by 1,548.4% in the 2nd quarter. AJO LP now owns 1,538,793 shares of the company’s stock valued at $96,528,000 after acquiring an additional 1,445,444 shares during the last quarter. Vaughan Nelson Investment Management L.P. bought a new position in Brunswick Corporation in the 2nd quarter valued at $42,936,000. Vanguard Group Inc. grew its position in Brunswick Corporation by 6.8% in the 1st quarter. Vanguard Group Inc. now owns 7,158,280 shares of the company’s stock valued at $438,086,000 after acquiring an additional 457,104 shares during the last quarter. Finally, Boston Partners grew its position in Brunswick Corporation by 3.8% in the 2nd quarter. Boston Partners now owns 9,306,042 shares of the company’s stock valued at $583,768,000 after acquiring an additional 338,212 shares during the last quarter. 93.99% of the stock is currently owned by institutional investors.
About Brunswick Corporation
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.
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