Brunswick (NYSE:BC)‘s stock had its “buy” rating reiterated by B. Riley in a note issued to investors on Wednesday.

Several other brokerages have also commented on BC. BidaskClub lowered shares of Brunswick from a “sell” rating to a “strong sell” rating in a report on Friday, August 11th. Northcoast Research upgraded shares of Brunswick from a “neutral” rating to a “buy” rating in a report on Friday, November 3rd. Royal Bank Of Canada decreased their price objective on shares of Brunswick from $67.00 to $56.00 and set an “outperform” rating for the company in a report on Monday, November 6th. Zacks Investment Research lowered shares of Brunswick from a “hold” rating to a “sell” rating in a research note on Friday, September 29th. Finally, Forward View upgraded shares of Brunswick from a “hold” rating to a “buy” rating and set a $60.00 price target for the company in a research note on Sunday, September 3rd. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating and thirteen have assigned a buy rating to the stock. The stock presently has an average rating of “Buy” and a consensus target price of $62.50.

Shares of Brunswick (NYSE BC) traded up $0.57 during midday trading on Wednesday, reaching $56.08. 1,509,319 shares of the company’s stock traded hands, compared to its average volume of 1,065,920. The company has a quick ratio of 0.95, a current ratio of 1.81 and a debt-to-equity ratio of 0.28. Brunswick has a 1-year low of $48.04 and a 1-year high of $63.82. The company has a market cap of $4,908.88, a price-to-earnings ratio of 14.85, a PEG ratio of 0.89 and a beta of 1.90.

Brunswick (NYSE:BC) last issued its quarterly earnings data on Thursday, October 26th. The company reported $0.91 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $1.00 by ($0.09). Brunswick had a return on equity of 22.71% and a net margin of 5.93%. The company had revenue of $1.14 billion during the quarter, compared to the consensus estimate of $1.16 billion. During the same quarter last year, the company posted $0.91 earnings per share. The firm’s revenue for the quarter was up 4.4% compared to the same quarter last year. research analysts expect that Brunswick will post 3.86 EPS for the current year.

Hedge funds have recently made changes to their positions in the stock. Ladenburg Thalmann Financial Services Inc. grew its position in Brunswick by 1,158.4% during the 3rd quarter. Ladenburg Thalmann Financial Services Inc. now owns 2,391 shares of the company’s stock valued at $132,000 after purchasing an additional 2,201 shares during the last quarter. Advisors Asset Management Inc. purchased a new stake in Brunswick during the 2nd quarter valued at about $134,000. Bronfman E.L. Rothschild L.P. grew its position in Brunswick by 149.8% during the 2nd quarter. Bronfman E.L. Rothschild L.P. now owns 2,550 shares of the company’s stock valued at $160,000 after purchasing an additional 1,529 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank grew its position in Brunswick by 9.5% during the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 3,217 shares of the company’s stock valued at $202,000 after purchasing an additional 280 shares during the last quarter. Finally, Advisor Group Inc. grew its position in Brunswick by 2.7% during the 2nd quarter. Advisor Group Inc. now owns 3,306 shares of the company’s stock valued at $202,000 after purchasing an additional 87 shares during the last quarter. 92.66% of the stock is currently owned by institutional investors.

COPYRIGHT VIOLATION WARNING: “Brunswick (BC) Receives “Buy” Rating from B. Riley” was first posted by American Banking News and is the sole property of of American Banking News. If you are viewing this report on another publication, it was illegally stolen and reposted in violation of international copyright legislation. The correct version of this report can be viewed at https://www.americanbankingnews.com/2017/12/07/brunswick-bc-receives-buy-rating-from-b-riley.html.

Brunswick 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.

Analyst Recommendations for Brunswick (NYSE:BC)

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