Brunswick Corporation (BC) Stock Rating Lowered by Northcoast Research

Northcoast Research cut shares of Brunswick Corporation (NYSE:BC) from a buy rating to a neutral rating in a research report sent to investors on Monday, July 10th, Marketbeat reports. The analysts noted that the move was a valuation call.

Several other equities analysts have also issued reports on BC. B. Riley reaffirmed a buy rating and issued a $72.00 price target on shares of Brunswick Corporation in a research report on Wednesday, May 3rd. Zacks Investment Research raised Brunswick Corporation from a hold rating to a buy rating and set a $71.00 price target for the company in a research report on Thursday, June 29th. Stifel Nicolaus reaffirmed an outperform rating and issued a $65.00 price target (up previously from $64.00) on shares of Brunswick Corporation in a research report on Friday, April 14th. Royal Bank Of Canada reaffirmed a buy rating and issued a $65.00 price target on shares of Brunswick Corporation in a research report on Sunday, June 11th. Finally, Jefferies Group LLC reaffirmed a hold rating and issued a $56.00 price target on shares of Brunswick Corporation in a research report on Friday, March 31st. Five investment analysts have rated the stock with a hold rating and eight have given a buy rating to the stock. The company presently has a consensus rating of Buy and an average target price of $65.82.

Brunswick Corporation (NYSE:BC) traded down 0.48% on Monday, hitting $55.72. 487,906 shares of the company were exchanged. The stock has a 50 day moving average of $61.23 and a 200 day moving average of $59.19. Brunswick Corporation has a 52 week low of $42.02 and a 52 week high of $63.82. The company has a market capitalization of $5.00 billion, a price-to-earnings ratio of 17.68 and a beta of 1.81.

Brunswick Corporation (NYSE:BC) last announced 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. The business had revenue of $1.35 billion during the quarter, compared to analyst estimates of $1.32 billion. Brunswick Corporation had a return on equity of 23.35% and a net margin of 6.13%. The company’s revenue for the quarter was up 8.8% on a year-over-year basis. During the same quarter last year, the firm posted $1.17 earnings per share. Analysts predict that Brunswick Corporation will post $4.04 EPS for the current fiscal year.

COPYRIGHT VIOLATION WARNING: “Brunswick Corporation (BC) Stock Rating Lowered by Northcoast Research” was first published by Markets Daily and is the sole property of of Markets Daily. If you are reading this piece of content on another website, it was stolen and reposted in violation of U.S. & international trademark & copyright legislation. The legal version of this piece of content can be read at https://www.themarketsdaily.com/2017/08/08/northcoast-research-downgrades-brunswick-corporation-bc-to-neutral-updated-updated-updated.html.

The firm also recently announced a quarterly dividend, which will be paid on Friday, September 15th. Shareholders of record on Tuesday, August 22nd will be given a $0.165 dividend. This represents a $0.66 dividend on an annualized basis and a yield of 1.18%. The ex-dividend date of this dividend is Friday, August 18th. Brunswick Corporation’s dividend payout ratio (DPR) is 20.95%.

In other Brunswick Corporation news, Chairman Mark D. Schwabero sold 29,552 shares of the business’s stock in a transaction dated Wednesday, June 28th. The stock was sold at an average price of $63.74, for a total transaction of $1,883,644.48. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, insider William Metzger sold 559 shares of the business’s stock in a transaction dated Wednesday, June 14th. The shares were sold at an average price of $62.50, for a total value of $34,937.50. Following the sale, the insider now owns 115,673 shares of the company’s stock, valued at $7,229,562.50. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 53,785 shares of company stock valued at $3,395,646. Corporate insiders own 1.00% of the company’s stock.

Several large investors have recently added to or reduced their stakes in BC. Advisors Asset Management Inc. purchased a new stake in Brunswick Corporation during the second quarter worth about $134,000. James Investment Research Inc. purchased a new stake in Brunswick Corporation during the first quarter worth about $145,000. Zurcher Kantonalbank Zurich Cantonalbank increased its stake in Brunswick Corporation by 9.5% in the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 3,217 shares of the company’s stock worth $202,000 after buying an additional 280 shares in the last quarter. Pitcairn Co. purchased a new stake in Brunswick Corporation during the second quarter worth about $213,000. Finally, Venturi Wealth Management LLC bought a new position in shares of Brunswick Corporation during the first quarter worth about $207,000. Institutional investors and hedge funds own 99.59% 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.

Analyst Recommendations for Brunswick Corporation (NYSE:BC)

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

Latest News

Leave a Reply