Brunswick (BC) Given New $0.00 Price Target at Royal Bank Of Canada

Brunswick (NYSE:BC) had its price target increased by Royal Bank Of Canada in a research note published on Wednesday. The brokerage currently has an outperform rating on the stock.

BC has been the topic of several other research reports. Zacks Investment Research raised Brunswick from a sell rating to a hold rating in a research report on Wednesday, October 18th. ValuEngine raised Brunswick from a hold rating to a buy rating in a research report on Monday, October 2nd. BidaskClub cut Brunswick from a sell rating to a strong sell rating in a research report on Friday, August 11th. Stifel Nicolaus reaffirmed a buy rating and set a $68.00 target price on shares of Brunswick in a research report on Thursday, September 7th. Finally, Robert W. Baird reaffirmed a buy rating and set a $68.00 target price on shares of Brunswick in a research report on Friday, September 8th. One research analyst has rated the stock with a sell rating, four have issued a hold rating and thirteen have assigned a buy rating to the company. The company has a consensus rating of Buy and an average target price of $62.50.

Shares of Brunswick (BC) traded down $0.47 during trading hours on Wednesday, reaching $55.51. The company had a trading volume of 2,493,900 shares, compared to its average volume of 1,064,033. Brunswick has a 52 week low of $48.04 and a 52 week high of $63.82. The company has a market capitalization of $4,908.88, a PE ratio of 14.85, a P/E/G ratio of 0.89 and a beta of 1.90. The company has a debt-to-equity ratio of 0.28, a quick ratio of 0.95 and a current ratio of 1.81.

Brunswick (NYSE:BC) last announced 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 had a return on equity of 22.71% and a net margin of 5.93%. The firm had revenue of $1.14 billion during the quarter, compared to the consensus estimate of $1.16 billion. During the same period last year, the company earned $0.91 EPS. The firm’s revenue for the quarter was up 4.4% compared to the same quarter last year. sell-side analysts anticipate that Brunswick will post 3.86 EPS for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, December 15th. Stockholders of record on Tuesday, November 21st will be issued a dividend of $0.19 per share. This represents a $0.76 annualized dividend and a dividend yield of 1.37%. The ex-dividend date of this dividend is Monday, November 20th. This is a positive change from Brunswick’s previous quarterly dividend of $0.17. Brunswick’s dividend payout ratio is currently 24.52%.

Several institutional investors and hedge funds have recently modified their holdings of BC. AJO LP lifted its holdings in shares of Brunswick by 1,548.4% during the 2nd quarter. AJO LP now owns 1,538,793 shares of the company’s stock valued at $96,528,000 after purchasing an additional 1,445,444 shares during the last quarter. Boston Partners raised its stake in Brunswick by 3.8% in the 2nd quarter. Boston Partners now owns 9,306,042 shares of the company’s stock worth $583,768,000 after acquiring an additional 338,212 shares during the last quarter. Prudential Financial Inc. raised its stake in Brunswick by 106.9% in the 3rd quarter. Prudential Financial Inc. now owns 589,175 shares of the company’s stock worth $32,976,000 after acquiring an additional 304,470 shares during the last quarter. TimesSquare Capital Management LLC raised its stake in Brunswick by 17.1% in the 2nd quarter. TimesSquare Capital Management LLC now owns 1,950,700 shares of the company’s stock worth $122,367,000 after acquiring an additional 284,300 shares during the last quarter. Finally, Canada Pension Plan Investment Board raised its stake in Brunswick by 249.4% in the 3rd quarter. Canada Pension Plan Investment Board now owns 305,400 shares of the company’s stock worth $17,093,000 after acquiring an additional 218,000 shares during the last quarter. Hedge funds and other institutional investors own 92.66% of the company’s stock.

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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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