Brunswick (NYSE:BC) was upgraded by research analysts at Wedbush from a “neutral” rating to an “outperform” rating in a research note issued on Wednesday, Marketbeat reports. The firm currently has a $70.00 price objective on the stock, up from their prior price objective of $57.54. Wedbush’s price target would indicate a potential upside of 17.88% from the stock’s current price.
A number of other equities research analysts have also commented on the company. Zacks Investment Research upgraded Brunswick from a “hold” rating to a “buy” rating and set a $65.00 price target on the stock in a research report on Tuesday, February 6th. Citigroup increased their price target on Brunswick from $66.00 to $69.00 and gave the stock a “buy” rating in a research report on Tuesday, February 6th. BMO Capital Markets increased their price target on Brunswick to $69.00 and gave the stock an “outperform” rating in a research report on Monday, February 5th. Imperial Capital increased their price target on Brunswick from $65.00 to $70.00 and gave the stock an “outperform” rating in a research report on Monday, February 5th. Finally, KeyCorp increased their price target on Brunswick from $60.00 to $70.00 and gave the stock an “overweight” rating in a research report on Friday, February 2nd. One analyst has rated the stock with a sell rating, three have given a hold rating and fourteen have issued a buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and a consensus price target of $66.13.
Brunswick (BC) traded up $1.99 during midday trading on Wednesday, reaching $59.38. The company had a trading volume of 1,252,579 shares, compared to its average volume of 1,002,957. The company has a market cap of $5,045.68, a price-to-earnings ratio of 36.09, a PEG ratio of 0.77 and a beta of 1.82. Brunswick has a 1-year low of $48.04 and a 1-year high of $64.45. The company has a debt-to-equity ratio of 0.29, a quick ratio of 1.04 and a current ratio of 1.78.
In other Brunswick news, insider John C. Pfeifer sold 3,780 shares of the stock in a transaction on Tuesday, December 19th. The stock was sold at an average price of $54.96, for a total value of $207,748.80. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 1.00% of the stock is currently owned by company insiders.
Hedge funds have recently bought and sold shares of the company. Cerebellum GP LLC acquired a new position in shares of Brunswick in the 4th quarter valued at $128,000. Ladenburg Thalmann Financial Services Inc. lifted its stake in shares of Brunswick by 1,158.4% in 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 period. Advisor Group Inc. lifted its stake in shares of Brunswick by 2.7% in 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 period. Nomura Holdings Inc. acquired a new position in shares of Brunswick in the 2nd quarter valued at $240,000. Finally, Raymond James Financial Services Advisors Inc. acquired a new position in shares of Brunswick in the 2nd quarter valued at $263,000. 85.96% of the stock is currently owned by institutional investors.
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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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