Brokerages Set Brunswick Co. (NYSE:BC) Target Price at $105.33

Shares of Brunswick Co. (NYSE:BCGet Rating) have been assigned a consensus recommendation of “Moderate Buy” from the fourteen analysts that are presently covering the stock, Marketbeat reports. One investment analyst has rated the stock with a hold recommendation and ten have issued a buy recommendation on the company. The average twelve-month price objective among brokerages that have issued ratings on the stock in the last year is $106.25.

A number of research analysts recently issued reports on the company. B. Riley cut their price target on Brunswick from $120.00 to $101.00 and set a “buy” rating for the company in a report on Tuesday, June 21st. DA Davidson assumed coverage on Brunswick in a report on Tuesday, April 26th. They issued a “buy” rating and a $96.00 price target for the company. Raymond James lifted their price target on Brunswick from $121.00 to $123.00 in a report on Friday, April 29th. BMO Capital Markets cut their price target on Brunswick from $105.00 to $90.00 in a report on Monday, May 2nd. Finally, JPMorgan Chase & Co. cut their price target on Brunswick from $117.00 to $115.00 and set an “overweight” rating for the company in a report on Tuesday, June 21st.

Brunswick Stock Up 0.4 %

Shares of NYSE:BC opened at $78.48 on Friday. Brunswick has a 52 week low of $61.89 and a 52 week high of $108.51. The company has a debt-to-equity ratio of 1.25, a quick ratio of 0.97 and a current ratio of 1.99. The company’s fifty day moving average is $71.21 and its 200-day moving average is $79.85. The company has a market capitalization of $5.84 billion, a PE ratio of 9.85 and a beta of 1.62.

Brunswick (NYSE:BCGet Rating) last issued its earnings results on Thursday, July 28th. The company reported $2.82 EPS for the quarter, beating the consensus estimate of $2.70 by $0.12. Brunswick had a net margin of 9.64% and a return on equity of 35.33%. The company had revenue of $1.84 billion for the quarter, compared to the consensus estimate of $1.82 billion. During the same quarter in the previous year, the company earned $2.52 EPS. The firm’s revenue for the quarter was up 18.1% compared to the same quarter last year. Equities research analysts predict that Brunswick will post 10.26 earnings per share for the current fiscal year.

Brunswick Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, September 15th. Shareholders of record on Wednesday, August 24th will be issued a dividend of $0.365 per share. This represents a $1.46 dividend on an annualized basis and a yield of 1.86%. The ex-dividend date of this dividend is Tuesday, August 23rd. Brunswick’s dividend payout ratio is presently 18.32%.

Institutional Trading of Brunswick

A number of institutional investors have recently bought and sold shares of BC. Turtle Creek Asset Management Inc. boosted its position in shares of Brunswick by 2,164.5% during the first quarter. Turtle Creek Asset Management Inc. now owns 1,022,400 shares of the company’s stock worth $82,702,000 after purchasing an additional 977,250 shares in the last quarter. First Trust Advisors LP boosted its position in shares of Brunswick by 34.0% during the fourth quarter. First Trust Advisors LP now owns 2,000,446 shares of the company’s stock worth $201,505,000 after purchasing an additional 507,894 shares in the last quarter. Cannell & Co. bought a new position in shares of Brunswick during the first quarter worth $39,192,000. American Century Companies Inc. boosted its position in shares of Brunswick by 22.8% during the first quarter. American Century Companies Inc. now owns 2,000,325 shares of the company’s stock worth $161,807,000 after purchasing an additional 371,973 shares in the last quarter. Finally, Zurich Insurance Group Ltd FI boosted its position in shares of Brunswick by 148.0% during the fourth quarter. Zurich Insurance Group Ltd FI now owns 580,540 shares of the company’s stock worth $58,478,000 after purchasing an additional 346,444 shares in the last quarter. Institutional investors and hedge funds own 92.75% of the company’s stock.

Brunswick Company Profile

(Get Rating)

Brunswick Corporation designs, manufactures, and markets recreation products worldwide. It operates through Propulsion; Parts & Accessories; and Boat segments. The Propulsion segment provides outboard, sterndrive, and inboard engines for independent boat builders and governments through marine dealers and distributors, specialty marine retailers, and marine service centers; and propulsion-related controls, rigging, and propellers to original equipment manufacturers and aftermarket retailers, distributors, and distribution businesses.

See Also

Analyst Recommendations for Brunswick (NYSE:BC)

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