Brunswick (BC) Upgraded at Wedbush

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.

Brunswick (NYSE:BC) last released its quarterly earnings results on Thursday, February 1st. The company reported $0.70 EPS for the quarter, missing the Zacks’ consensus estimate of $0.74 by ($0.04). The business had revenue of $1.09 billion for the quarter, compared to the consensus estimate of $1.13 billion. Brunswick had a return on equity of 22.52% and a net margin of 3.09%. The firm’s revenue was up 10.6% on a year-over-year basis. During the same quarter last year, the company earned $0.66 earnings per share. research analysts anticipate that Brunswick will post 4.58 earnings per share for the current year.

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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About Brunswick

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)

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