Brunswick Corporation (BC) PT Set at $60.00 by Forward View
Brunswick Corporation (NYSE:BC) has been assigned a $60.00 price objective by research analysts at Forward View in a note issued to investors on Sunday, July 30th. The firm presently has a “hold” rating on the stock. Forward View’s price target would suggest a potential upside of 9.53% from the company’s current price. Forward View also issued estimates for Brunswick Corporation’s Q3 2017 earnings at $1.14 EPS, Q4 2017 earnings at $0.78 EPS, FY2017 earnings at $4.05 EPS, Q1 2018 earnings at $0.89 EPS, Q2 2018 earnings at $1.48 EPS, Q3 2018 earnings at $1.18 EPS, Q4 2018 earnings at $0.79 EPS and FY2018 earnings at $4.34 EPS.
Several other analysts have also weighed in on the company. Zacks Investment Research lowered Brunswick Corporation from a “hold” rating to a “sell” rating in a report on Friday, April 14th. Stifel Nicolaus reissued an “outperform” rating and issued a $65.00 target price (up previously from $64.00) on shares of Brunswick Corporation in a report on Friday, April 14th. B. Riley reissued a “buy” rating and issued a $72.00 target price on shares of Brunswick Corporation in a report on Friday, April 28th. Royal Bank Of Canada reissued a “buy” rating and issued a $65.00 target price on shares of Brunswick Corporation in a report on Sunday, June 11th. Finally, BidaskClub raised Brunswick Corporation from a “hold” rating to a “buy” rating in a report on Tuesday, June 13th. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating and eight have issued a buy rating to the stock. Brunswick Corporation presently has a consensus rating of “Buy” and a consensus price target of $65.82.
Shares of Brunswick Corporation (NYSE:BC) traded up 1.37% during midday trading on Friday, hitting $54.78. 534,027 shares of the stock were exchanged. The company has a market cap of $4.86 billion, a price-to-earnings ratio of 17.38 and a beta of 1.81. Brunswick Corporation has a one year low of $42.02 and a one year high of $63.82. The firm has a 50 day moving average of $59.90 and a 200-day moving average of $59.11.
Brunswick Corporation (NYSE:BC) last announced its quarterly earnings data on Thursday, July 27th. The company reported $1.35 earnings per share for the quarter, topping the Zacks’ consensus estimate of $1.33 by $0.02. Brunswick Corporation had a return on equity of 23.35% and a net margin of 6.13%. The firm had revenue of $1.35 billion for the quarter, compared to analyst estimates of $1.32 billion. During the same quarter in the prior year, the company posted $1.17 earnings per share. Brunswick Corporation’s quarterly revenue was up 8.8% on a year-over-year basis. Equities analysts expect that Brunswick Corporation will post $4.05 EPS for the current year.
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In other Brunswick Corporation news, Chairman Mark D. Schwabero sold 3,289 shares of the company’s stock in a transaction dated Monday, July 3rd. The stock was sold at an average price of $63.73, for a total transaction of $209,607.97. Following the completion of the sale, the chairman now directly owns 219,799 shares in the company, valued at $14,007,790.27. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Chairman Mark D. Schwabero sold 29,552 shares of the company’s stock in a transaction dated Wednesday, June 28th. The stock was sold at an average price of $63.74, for a total value of $1,883,644.48. The disclosure for this sale can be found here. Insiders have sold 51,439 shares of company stock worth $3,258,968 over the last quarter. 1.00% of the stock is currently owned by company insiders.
A number of large investors have recently made changes to their positions in BC. B. Riley Financial Inc. purchased a new stake in shares of Brunswick Corporation during the second quarter valued at approximately $610,000. Dimensional Fund Advisors LP raised its stake in shares of Brunswick Corporation by 2.6% in the second quarter. Dimensional Fund Advisors LP now owns 834,264 shares of the company’s stock valued at $52,334,000 after buying an additional 21,322 shares in the last quarter. Hood River Capital Management LLC raised its stake in shares of Brunswick Corporation by 2.4% in the second quarter. Hood River Capital Management LLC now owns 441,299 shares of the company’s stock valued at $27,683,000 after buying an additional 10,349 shares in the last quarter. Virtu KCG Holdings LLC raised its stake in shares of Brunswick Corporation by 13.2% in the second quarter. Virtu KCG Holdings LLC now owns 18,148 shares of the company’s stock valued at $1,138,000 after buying an additional 2,115 shares in the last quarter. Finally, TLP Group LLC purchased a new stake in shares of Brunswick Corporation during the second quarter valued at approximately $251,000. Institutional investors 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.
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