Royal Bank Of Canada Lowers Brunswick Corporation (BC) Price Target to $56.00
Brunswick Corporation (NYSE:BC) had its target price cut by investment analysts at Royal Bank Of Canada from $67.00 to $56.00 in a research report issued to clients and investors on Monday. The firm presently has an “outperform” rating on the stock. Royal Bank Of Canada’s price objective indicates a potential upside of 8.61% from the stock’s previous close.
A number of other research firms have also recently commented on BC. Jefferies Group LLC reissued a “hold” rating and set a $56.00 target price on shares of Brunswick Corporation in a research note on Friday, July 14th. Stifel Nicolaus boosted their target price on shares of Brunswick Corporation from $66.00 to $68.00 and gave the stock a “buy” rating in a research note on Friday, July 14th. BMO Capital Markets reissued a “buy” rating and set a $72.00 target price on shares of Brunswick Corporation in a research note on Thursday, July 13th. Northcoast Research cut 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. Finally, Zacks Investment Research cut shares of Brunswick Corporation from a “buy” rating to a “hold” rating in a research note on Tuesday, July 11th. One investment analyst has rated the stock with a sell rating, four have issued a hold rating and thirteen have given a buy rating to the company. The company has an average rating of “Buy” and an average target price of $62.50.
Shares of Brunswick Corporation (NYSE BC) opened at $51.56 on Monday. The company has a market capitalization of $4,521.29, a P/E ratio of 13.68, a PEG ratio of 0.82 and a beta of 1.87. The company has a debt-to-equity ratio of 0.28, a quick ratio of 0.95 and a current ratio of 1.81.
Brunswick Corporation (NYSE:BC) last released its earnings results on Thursday, October 26th. The company reported $0.91 EPS for the quarter, missing analysts’ consensus estimates of $1.00 by ($0.09). The company had revenue of $1.14 billion for the quarter, compared to analysts’ expectations of $1.16 billion. Brunswick Corporation had a return on equity of 22.71% and a net margin of 5.93%. The firm’s revenue for the quarter was up 4.4% on a year-over-year basis. During the same period in the prior year, the firm earned $0.91 EPS. analysts anticipate that Brunswick Corporation will post 3.86 earnings per share for the current fiscal year.
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A number of large investors have recently bought and sold shares of BC. BlackRock Inc. boosted its holdings 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 purchasing an additional 7,402,194 shares during the last quarter. Boston Partners boosted its holdings in Brunswick Corporation by 28.7% in the 3rd quarter. Boston Partners now owns 7,121,484 shares of the company’s stock valued at $347,386,000 after purchasing an additional 1,587,573 shares during the last quarter. AJO LP boosted its holdings 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 purchasing an additional 1,445,444 shares during the last quarter. Eagle Asset Management boosted its holdings in Brunswick Corporation by 62.7% in the 3rd quarter. Eagle Asset Management now owns 3,332,982 shares of the company’s stock valued at $159,616,000 after purchasing an additional 1,284,673 shares during the last quarter. Finally, Scopus Asset Management L.P. acquired a new position in Brunswick Corporation in the 3rd quarter valued at about $56,097,000. Institutional investors own 93.43% 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.
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