Brunswick Corporation (NYSE:BC) was upgraded by Northcoast Research from a “neutral” rating to a “buy” rating in a research report issued on Friday, The Fly reports.

A number of other brokerages also recently issued reports on BC. Jefferies Group LLC reissued a “hold” rating and issued a $56.00 price target on shares of Brunswick Corporation in a report on Friday, July 14th. Stifel Nicolaus boosted their price target on Brunswick Corporation from $66.00 to $68.00 and gave the stock a “buy” rating in a report on Friday, July 14th. BMO Capital Markets reaffirmed a “buy” rating and set a $72.00 price objective on shares of Brunswick Corporation in a report on Thursday, July 13th. BidaskClub raised Brunswick Corporation from a “buy” rating to a “strong-buy” rating in a report on Thursday, July 6th. Finally, Royal Bank Of Canada reaffirmed a “buy” rating and set a $65.00 price objective on shares of Brunswick Corporation in a report on Wednesday, July 12th. One analyst has rated the stock with a sell rating, four have issued a hold rating and thirteen have assigned a buy rating to the company. Brunswick Corporation has a consensus rating of “Buy” and an average price target of $63.29.

Brunswick Corporation (NYSE:BC) last released its quarterly earnings results on Thursday, October 26th. The company reported $0.91 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $1.00 by ($0.09). The firm had revenue of $1.14 billion for the quarter, compared to the consensus estimate of $1.16 billion. Brunswick Corporation had a net margin of 5.93% and a return on equity of 22.71%. The company’s revenue for the quarter was up 4.4% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.91 earnings per share.

COPYRIGHT VIOLATION NOTICE: “Brunswick Corporation (BC) Upgraded to Buy at Northcoast Research” was first published by American Banking News and is the property of of American Banking News. If you are viewing this piece on another domain, it was stolen and reposted in violation of United States & international copyright and trademark legislation. The original version of this piece can be accessed at https://www.americanbankingnews.com/2017/11/03/brunswick-corporation-bc-upgraded-to-buy-at-northcoast-research.html.

Institutional investors and hedge funds have recently bought and sold shares of the company. Advisors Asset Management Inc. purchased a new stake in shares of Brunswick Corporation during the 2nd quarter worth $134,000. Bronfman E.L. Rothschild L.P. lifted its stake in shares of Brunswick Corporation by 149.8% during the 2nd quarter. Bronfman E.L. Rothschild L.P. now owns 2,550 shares of the company’s stock worth $160,000 after purchasing an additional 1,529 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank lifted its stake in shares of Brunswick Corporation by 9.5% during the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 3,217 shares of the company’s stock worth $202,000 after purchasing an additional 280 shares during the last quarter. Advisor Group Inc. lifted its stake in shares of Brunswick Corporation by 2.7% during the 2nd quarter. Advisor Group Inc. now owns 3,306 shares of the company’s stock worth $202,000 after purchasing an additional 87 shares during the last quarter. Finally, Pitcairn Co. purchased a new stake in shares of Brunswick Corporation during the 2nd quarter worth $213,000. 93.65% of the stock is currently owned by institutional investors and hedge funds.

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.