Brunswick Corporation (NYSE:BC) had its price target reduced by Royal Bank Of Canada from $67.00 to $56.00 in a research note published on Monday, MarketBeat Ratings reports. They currently have an outperform rating on the stock.
Other equities research analysts also recently issued reports about the company. B. Riley restated a buy rating and set a $70.00 price objective on shares of Brunswick Corporation in a report on Wednesday, August 2nd. Aegis restated a buy rating and set a $73.00 price objective on shares of Brunswick Corporation in a report on Thursday, August 17th. ValuEngine downgraded Brunswick Corporation from a buy rating to a hold rating in a report on Wednesday, September 20th. BidaskClub downgraded Brunswick Corporation from a strong-buy rating to a buy rating in a report on Monday, July 24th. Finally, Zacks Investment Research downgraded Brunswick Corporation from a hold rating to a sell rating in a report on Monday, July 24th. One analyst has rated the stock with a sell rating, four have given a hold rating and thirteen have assigned a buy rating to the stock. The company has a consensus rating of Buy and an average price target of $62.50.
Brunswick Corporation (NYSE BC) traded down $0.69 during mid-day trading on Monday, reaching $49.09. The company’s stock had a trading volume of 16,742 shares, compared to its average volume of 1,647,466. The company has a quick ratio of 0.95, a current ratio of 1.81 and a debt-to-equity ratio of 0.28. Brunswick Corporation has a 52 week low of $42.27 and a 52 week high of $63.82. The stock has a market cap of $4,346.79, a P/E ratio of 13.15, a PEG ratio of 0.79 and a beta of 1.87.
Brunswick Corporation (NYSE:BC) last posted its quarterly earnings data on Thursday, October 26th. The company reported $0.91 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.00 by ($0.09). Brunswick Corporation had a return on equity of 22.71% and a net margin of 5.93%. The business had revenue of $1.14 billion for the quarter, compared to analysts’ expectations of $1.16 billion. During the same quarter in the prior year, the firm earned $0.91 earnings per share. Brunswick Corporation’s revenue for the quarter was up 4.4% compared to the same quarter last year. equities research analysts anticipate that Brunswick Corporation will post 3.86 EPS for the current fiscal year.
The business also recently disclosed a quarterly dividend, which will be paid on Friday, December 15th. Investors of record on Tuesday, November 21st will be given a dividend of $0.19 per share. The ex-dividend date is Monday, November 20th. This represents a $0.76 dividend on an annualized basis and a yield of 1.55%. This is a positive change from Brunswick Corporation’s previous quarterly dividend of $0.17. Brunswick Corporation’s payout ratio is currently 21.29%.
Large investors have recently added to or reduced their stakes in the stock. Advisors Asset Management Inc. acquired a new position in Brunswick Corporation during the 2nd quarter valued at approximately $134,000. Bronfman E.L. Rothschild L.P. boosted its position in Brunswick Corporation by 149.8% during the 2nd quarter. Bronfman E.L. Rothschild L.P. now owns 2,550 shares of the company’s stock valued at $160,000 after purchasing an additional 1,529 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank boosted its position in Brunswick Corporation by 9.5% during the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 3,217 shares of the company’s stock valued at $202,000 after purchasing an additional 280 shares during the period. Advisor Group Inc. boosted its position in Brunswick Corporation 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 period. Finally, Pitcairn Co. acquired a new position in Brunswick Corporation during the 2nd quarter worth $213,000. Institutional investors and hedge funds own 93.43% of the company’s stock.
About Brunswick Corporation
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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