Brunswick Corporation (BC) Upgraded to Buy at Northcoast Research
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.
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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.
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