Brunswick (NYSE:BC) had its price target lifted by equities research analysts at Raymond James from $64.00 to $79.00 in a note issued to investors on Friday, AnalystRatings.com reports. The brokerage currently has an “outperform” rating on the stock. Raymond James’ target price indicates a potential upside of 17.95% from the company’s current price.

BC has been the subject of several other research reports. Wells Fargo & Co reaffirmed a “buy” rating on shares of Brunswick in a research note on Sunday, June 7th. B. Riley reiterated a “buy” rating and set a $88.00 price target on shares of Brunswick in a research note on Friday. Wolfe Research initiated coverage on Brunswick in a research note on Friday, April 17th. They issued an “outperform” rating and a $44.00 price objective on the stock. ValuEngine cut Brunswick from a “hold” rating to a “sell” rating in a research report on Thursday, July 9th. Finally, Zacks Investment Research raised shares of Brunswick from a “hold” rating to a “buy” rating and set a $65.00 price target on the stock in a research report on Tuesday, June 16th. One investment analyst has rated the stock with a sell rating, three have given a hold rating and twelve have issued a buy rating to the company’s stock. Brunswick presently has an average rating of “Buy” and a consensus target price of $62.43.

Shares of BC stock opened at $66.98 on Friday. Brunswick has a fifty-two week low of $25.22 and a fifty-two week high of $73.99. The stock’s 50-day moving average is $63.98 and its two-hundred day moving average is $53.51. The company has a debt-to-equity ratio of 0.78, a current ratio of 1.63 and a quick ratio of 0.80. The firm has a market cap of $5.30 billion, a P/E ratio of -267.92 and a beta of 2.13.

Brunswick (NYSE:BC) last released its quarterly earnings data on Thursday, July 30th. The company reported $0.99 EPS for the quarter, topping analysts’ consensus estimates of $0.45 by $0.54. The firm had revenue of $987.80 million for the quarter, compared to the consensus estimate of $801.62 million. Brunswick had a positive return on equity of 23.56% and a negative net margin of 0.84%. The firm’s revenue was down 15.2% on a year-over-year basis. During the same quarter in the prior year, the company posted $1.45 earnings per share. As a group, research analysts expect that Brunswick will post 2.97 EPS for the current year.

Institutional investors have recently bought and sold shares of the business. Nuveen Asset Management LLC grew its holdings in shares of Brunswick by 39.2% during the 4th quarter. Nuveen Asset Management LLC now owns 772,049 shares of the company’s stock worth $46,307,000 after purchasing an additional 217,470 shares in the last quarter. Treasurer of the State of North Carolina increased its holdings in Brunswick by 71.0% in the 1st quarter. Treasurer of the State of North Carolina now owns 33,422 shares of the company’s stock valued at $1,182,000 after buying an additional 13,880 shares during the period. Empirical Finance LLC raised its stake in shares of Brunswick by 161.0% in the 1st quarter. Empirical Finance LLC now owns 53,794 shares of the company’s stock valued at $1,903,000 after buying an additional 33,186 shares in the last quarter. New York State Common Retirement Fund lifted its holdings in shares of Brunswick by 68.1% during the 1st quarter. New York State Common Retirement Fund now owns 261,869 shares of the company’s stock worth $9,262,000 after acquiring an additional 106,078 shares during the period. Finally, AXA acquired a new stake in shares of Brunswick during the 4th quarter valued at about $1,122,000. 96.27% of the stock is owned by hedge funds and other institutional investors.

Brunswick Company Profile

Brunswick Corporation designs, manufactures, and markets recreation products worldwide. The company's Marine Engine segment offers outboard, sterndrive, and inboard engine and propulsion systems; marine electronics and control integration systems, steering systems, instruments, controls, propellers, trolling motors, fuel systems, electrical systems, service parts, and lubricants; and integrated propulsion systems to the recreational and commercial marine markets, as well as parts and accessories.

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Analyst Recommendations for Brunswick (NYSE:BC)

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