B. Riley Cuts Brunswick (NYSE:BC) Price Target to $101.00

Brunswick (NYSE:BCGet Rating) had its price target reduced by B. Riley from $120.00 to $101.00 in a research note released on Tuesday, The Fly reports. They currently have a buy rating on the stock.

Several other equities research analysts have also issued reports on the company. BMO Capital Markets dropped their price objective on Brunswick from $105.00 to $90.00 in a research note on Monday, May 2nd. Stifel Nicolaus dropped their price objective on Brunswick from $123.00 to $115.00 in a research note on Monday, April 25th. StockNews.com raised Brunswick from a hold rating to a buy rating in a research note on Monday, June 13th. DA Davidson began coverage on Brunswick in a research note on Tuesday, April 26th. They set a buy rating and a $96.00 price objective for the company. Finally, Northcoast Research reissued a neutral rating on shares of Brunswick in a research note on Tuesday, May 17th. Three equities research analysts have rated the stock with a hold rating and eight have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of Moderate Buy and a consensus target price of $108.27.

Shares of NYSE BC opened at $66.07 on Tuesday. The stock has a market cap of $5.00 billion, a PE ratio of 8.61 and a beta of 1.56. Brunswick has a fifty-two week low of $61.89 and a fifty-two week high of $108.51. The company has a debt-to-equity ratio of 1.26, a quick ratio of 1.09 and a current ratio of 2.10. The stock has a fifty day moving average of $73.56 and a 200-day moving average of $85.41.

Brunswick (NYSE:BCGet Rating) last announced its quarterly earnings results on Thursday, April 28th. The company reported $2.53 earnings per share for the quarter, beating the consensus estimate of $2.33 by $0.20. The company had revenue of $1.69 billion during the quarter, compared to analysts’ expectations of $1.64 billion. Brunswick had a return on equity of 35.51% and a net margin of 9.79%. The firm’s quarterly revenue was up 18.3% compared to the same quarter last year. During the same period in the previous year, the business earned $2.24 earnings per share. On average, sell-side analysts predict that Brunswick will post 10.15 EPS for the current year.

The business also recently announced a quarterly dividend, which was paid on Wednesday, June 15th. Stockholders of record on Wednesday, May 18th were paid a $0.365 dividend. This represents a $1.46 dividend on an annualized basis and a dividend yield of 2.21%. The ex-dividend date was Tuesday, May 17th. Brunswick’s dividend payout ratio (DPR) is presently 19.04%.

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Fifth Third Bancorp increased its holdings in Brunswick by 17.9% during the 4th quarter. Fifth Third Bancorp now owns 904 shares of the company’s stock valued at $91,000 after purchasing an additional 137 shares during the period. Los Angeles Capital Management LLC increased its holdings in Brunswick by 2.8% during the 1st quarter. Los Angeles Capital Management LLC now owns 5,153 shares of the company’s stock valued at $417,000 after purchasing an additional 138 shares during the period. KBC Group NV increased its holdings in Brunswick by 2.2% during the 1st quarter. KBC Group NV now owns 6,367 shares of the company’s stock valued at $515,000 after purchasing an additional 140 shares during the period. Stratos Wealth Partners LTD. increased its holdings in Brunswick by 2.2% during the 1st quarter. Stratos Wealth Partners LTD. now owns 6,793 shares of the company’s stock valued at $550,000 after purchasing an additional 149 shares during the period. Finally, Comerica Bank increased its holdings in Brunswick by 0.3% during the 1st quarter. Comerica Bank now owns 55,994 shares of the company’s stock valued at $4,443,000 after purchasing an additional 150 shares during the period. 92.75% of the stock is owned by institutional investors.

About Brunswick (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.

Read More

The Fly logo

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.