Brunswick Corporation (BC) Stock Rating Reaffirmed by Royal Bank Of Canada

Brunswick Corporation (NYSE:BC)‘s stock had its “buy” rating reiterated by research analysts at Royal Bank Of Canada in a research report issued to clients and investors on Tuesday.

Several other research firms also recently commented on BC. Jefferies Group LLC reissued a “hold” rating and set a $56.00 price objective on shares of Brunswick Corporation in a report on Friday, July 14th. Stifel Nicolaus increased their price objective on shares of Brunswick Corporation from $66.00 to $68.00 and gave the company a “buy” rating in a report on Friday, July 14th. BMO Capital Markets reissued a “buy” rating and set a $72.00 price objective on shares of Brunswick Corporation in a report on Thursday, July 13th. BidaskClub raised shares of Brunswick Corporation from a “buy” rating to a “strong-buy” rating in a report on Thursday, July 6th. Finally, Northcoast Research downgraded shares of Brunswick Corporation from a “buy” rating to a “neutral” rating in a report on Monday, July 10th. They noted that the move was a valuation call. Two research analysts have rated the stock with a sell rating, three have issued a hold rating and twelve have given a buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and an average target price of $65.54.

Shares of Brunswick Corporation (NYSE:BC) opened at 57.65 on Tuesday. The company has a market cap of $5.11 billion, a price-to-earnings ratio of 18.29 and a beta of 1.85. Brunswick Corporation has a 52 week low of $42.02 and a 52 week high of $63.82. The firm’s 50-day moving average price is $53.68 and its 200 day moving average price is $57.45.

Brunswick Corporation (NYSE:BC) last released its quarterly earnings data on Thursday, July 27th. The company reported $1.35 EPS for the quarter, beating the consensus estimate of $1.33 by $0.02. Brunswick Corporation had a net margin of 6.13% and a return on equity of 23.35%. The business had revenue of $1.35 billion during the quarter, compared to the consensus estimate of $1.32 billion. During the same quarter in the prior year, the firm earned $1.17 EPS. The business’s revenue was up 8.8% on a year-over-year basis. On average, equities research analysts forecast that Brunswick Corporation will post $4.05 EPS for the current year.

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In related news, Chairman Mark D. Schwabero sold 2,738 shares of the stock in a transaction dated Friday, July 14th. The shares were sold at an average price of $63.72, for a total value of $174,465.36. Following the completion of the transaction, the chairman now owns 219,783 shares of the company’s stock, valued at approximately $14,004,572.76. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. 1.00% of the stock is currently owned by company insiders.

Several large investors have recently made changes to their positions in BC. UBS Asset Management Americas Inc. lifted its holdings in shares of Brunswick Corporation by 84.9% in the 1st quarter. UBS Asset Management Americas Inc. now owns 90,902 shares of the company’s stock valued at $5,563,000 after acquiring an additional 41,728 shares during the last quarter. Karp Capital Management Corp bought a new position in shares of Brunswick Corporation in the 1st quarter valued at about $1,019,000. Envestnet Asset Management Inc. lifted its holdings in shares of Brunswick Corporation by 59.8% in the 1st quarter. Envestnet Asset Management Inc. now owns 3,932 shares of the company’s stock valued at $240,000 after acquiring an additional 1,472 shares during the last quarter. M&T Bank Corp lifted its holdings in shares of Brunswick Corporation by 11.4% in the 1st quarter. M&T Bank Corp now owns 7,600 shares of the company’s stock valued at $464,000 after acquiring an additional 778 shares during the last quarter. Finally, SG Americas Securities LLC lifted its holdings in shares of Brunswick Corporation by 297.6% in the 1st quarter. SG Americas Securities LLC now owns 19,580 shares of the company’s stock valued at $1,198,000 after acquiring an additional 14,656 shares during the last quarter. 93.99% of the stock is owned by hedge funds and other institutional investors.

About Brunswick Corporation

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 Corporation (NYSE:BC)

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