Brunswick (BC) Stock Rating Reaffirmed by Robert W. Baird
Brunswick (NYSE:BC)‘s stock had its “buy” rating reiterated by investment analysts at Robert W. Baird in a note issued to investors on Friday. They currently have a $65.00 target price on the stock. Robert W. Baird’s price target indicates a potential upside of 16.61% from the stock’s current price.
Several other research analysts also recently weighed in on the company. BMO Capital Markets reaffirmed a “buy” rating and set a $68.00 target price on shares of Brunswick in a research note on Friday, October 13th. Royal Bank of Canada reaffirmed a “buy” rating on shares of Brunswick in a research note on Tuesday, October 3rd. ValuEngine raised Brunswick from a “hold” rating to a “buy” rating in a research note on Monday, October 2nd. Stifel Nicolaus reaffirmed a “buy” rating and issued a $68.00 price target on shares of Brunswick in a research note on Thursday, September 7th. Finally, Forward View raised Brunswick from a “hold” rating to a “buy” rating and set a $60.00 target price on the stock in a research note on Sunday, September 3rd. One research analyst has rated the stock with a sell rating, four have assigned a hold rating and twelve have assigned a buy rating to the stock. Brunswick has an average rating of “Buy” and an average target price of $63.23.
Brunswick (NYSE:BC) traded down $0.25 on Friday, reaching $55.74. 551,500 shares of the company’s stock traded hands, compared to its average volume of 1,060,570. Brunswick has a 1-year low of $48.04 and a 1-year high of $63.82. The company has a quick ratio of 0.95, a current ratio of 1.81 and a debt-to-equity ratio of 0.28. The company has a market cap of $4,887.83, a PE ratio of 17.98, a P/E/G ratio of 0.89 and a beta of 1.90.
In other Brunswick news, insider John C. Pfeifer sold 3,780 shares of the business’s stock in a transaction dated Tuesday, December 19th. The stock was sold at an average price of $54.96, for a total transaction of $207,748.80. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. 1.00% of the stock is currently owned by insiders.
Hedge funds and other institutional investors have recently made changes to their positions in the business. Advisors Asset Management Inc. purchased a new stake in shares of Brunswick in the second quarter valued at $134,000. Ladenburg Thalmann Financial Services Inc. increased its stake in shares of Brunswick by 1,158.4% in the third quarter. Ladenburg Thalmann Financial Services Inc. now owns 2,391 shares of the company’s stock worth $132,000 after acquiring an additional 2,201 shares during the last quarter. Bronfman E.L. Rothschild L.P. increased its stake in shares of Brunswick by 149.8% in the second quarter. Bronfman E.L. Rothschild L.P. now owns 2,550 shares of the company’s stock worth $160,000 after acquiring an additional 1,529 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank increased its stake in shares of Brunswick 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 acquiring an additional 280 shares during the last quarter. Finally, Advisor Group Inc. increased its stake in shares of Brunswick by 2.7% in the second quarter. Advisor Group Inc. now owns 3,306 shares of the company’s stock worth $202,000 after acquiring an additional 87 shares during the last quarter. Hedge funds and other institutional investors own 92.18% of the company’s stock.
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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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