Stifel Nicolaus reaffirmed their buy rating on shares of Brunswick (NYSE:BC) in a research note released on Wednesday, Marketbeat reports. They currently have a $65.00 price target on the stock, up from their previous price target of $61.00.

Other equities analysts have also issued research reports about the company. B. Riley set a $70.00 target price on Brunswick and gave the stock a buy rating in a research report on Monday, October 23rd. Zacks Investment Research raised Brunswick from a sell rating to a hold rating in a research report on Wednesday, October 18th. BMO Capital Markets reissued a buy rating and issued a $68.00 target price on shares of Brunswick in a research report on Friday, October 13th. Royal Bank of Canada reissued a buy rating on shares of Brunswick in a research report on Tuesday, October 3rd. Finally, ValuEngine raised Brunswick from a hold rating to a buy rating in a research report on Monday, October 2nd. One research analyst has rated the stock with a sell rating, four have given a hold rating and eleven have issued a buy rating to the stock. The company presently has an average rating of Buy and a consensus target price of $63.42.

Brunswick (NYSE:BC) opened at $58.41 on Wednesday. The stock has a market cap of $5,121.97, a PE ratio of 15.49, a P/E/G ratio of 0.83 and a beta of 1.91. Brunswick has a one year low of $48.04 and a one year high of $63.82. The company has a debt-to-equity ratio of 0.28, a current ratio of 1.81 and a quick ratio of 0.95.

Brunswick (NYSE:BC) last announced its quarterly earnings results on Thursday, October 26th. The company reported $0.91 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $1.00 by ($0.09). The firm had revenue of $1.14 billion during the quarter, compared to the consensus estimate of $1.16 billion. Brunswick had a return on equity of 22.71% and a net margin of 5.93%. The business’s revenue for the quarter was up 4.4% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.91 EPS. analysts expect that Brunswick will post 3.85 earnings per share for the current year.

In other news, insider John C. Pfeifer sold 3,780 shares of the company’s stock in a transaction dated Tuesday, December 19th. The shares were sold at an average price of $54.96, for a total transaction of $207,748.80. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. 1.00% of the stock is owned by corporate insiders.

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Ladenburg Thalmann Financial Services Inc. increased its position in shares of Brunswick by 1,158.4% during the 3rd quarter. Ladenburg Thalmann Financial Services Inc. now owns 2,391 shares of the company’s stock valued at $132,000 after purchasing an additional 2,201 shares during the last quarter. Advisor Group Inc. increased its position in shares of Brunswick by 2.7% during the 2nd quarter. Advisor Group Inc. now owns 3,306 shares of the company’s stock valued at $202,000 after purchasing an additional 87 shares during the last quarter. Nomura Holdings Inc. purchased a new stake in shares of Brunswick during the 2nd quarter valued at about $240,000. TLP Group LLC purchased a new stake in shares of Brunswick during the 2nd quarter valued at about $251,000. Finally, Boothbay Fund Management LLC purchased a new stake in shares of Brunswick during the 3rd quarter valued at about $252,000. 92.61% of the stock is owned by hedge funds and other institutional investors.

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Brunswick 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 (NYSE:BC)

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