Brunswick (NYSE:BC) had its target price upped by KeyCorp from $55.00 to $58.00 in a report issued on Monday morning, BenzingaRatingsTable reports. KeyCorp currently has an overweight rating on the stock.
Several other brokerages have also recently weighed in on BC. Zacks Investment Research cut Brunswick from a hold rating to a sell rating in a report on Tuesday, July 30th. ValuEngine upgraded Brunswick from a strong sell rating to a sell rating in a report on Monday, July 29th. Jefferies Financial Group upgraded Brunswick from a hold rating to a buy rating and raised their price objective for the company from $52.00 to $60.00 in a report on Wednesday, September 4th. Citigroup decreased their price objective on Brunswick from $63.00 to $57.00 and set a buy rating for the company in a report on Tuesday, July 30th. Finally, JPMorgan Chase & Co. cut Brunswick from an overweight rating to a neutral rating and decreased their price objective for the company from $61.00 to $46.00 in a report on Monday, July 22nd. One analyst has rated the stock with a sell rating, four have given a hold rating and ten have issued a buy rating to the stock. Brunswick currently has a consensus rating of Buy and a consensus target price of $59.59.
Shares of NYSE BC opened at $54.30 on Monday. The stock has a market capitalization of $4.43 billion, a price-to-earnings ratio of 11.38, a PEG ratio of 1.22 and a beta of 1.70. The business has a 50-day moving average of $46.86 and a 200-day moving average of $48.25. The company has a debt-to-equity ratio of 0.85, a current ratio of 1.98 and a quick ratio of 1.19. Brunswick has a fifty-two week low of $41.02 and a fifty-two week high of $69.82.
Brunswick (NYSE:BC) last announced its quarterly earnings data on Thursday, July 25th. The company reported $1.45 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $1.39 by $0.06. The company had revenue of $1.16 billion during the quarter, compared to analysts’ expectations of $1.21 billion. Brunswick had a return on equity of 26.56% and a net margin of 3.10%. Brunswick’s revenue for the quarter was down 16.9% compared to the same quarter last year. During the same quarter last year, the company earned $1.50 EPS. On average, sell-side analysts expect that Brunswick will post 4.23 EPS for the current year.
The firm also recently declared a quarterly dividend, which will be paid on Friday, September 13th. Investors of record on Tuesday, August 20th will be issued a dividend of $0.21 per share. This represents a $0.84 dividend on an annualized basis and a yield of 1.55%. The ex-dividend date of this dividend is Monday, August 19th. Brunswick’s payout ratio is currently 17.61%.
Several hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Vanguard Group Inc. raised its position in shares of Brunswick by 1.2% in the second quarter. Vanguard Group Inc. now owns 7,881,163 shares of the company’s stock valued at $361,667,000 after buying an additional 93,178 shares in the last quarter. JPMorgan Chase & Co. raised its position in Brunswick by 6.6% during the second quarter. JPMorgan Chase & Co. now owns 3,218,425 shares of the company’s stock valued at $142,867,000 after purchasing an additional 198,288 shares in the last quarter. FMR LLC raised its position in Brunswick by 45.0% during the first quarter. FMR LLC now owns 3,012,240 shares of the company’s stock valued at $151,605,000 after purchasing an additional 934,679 shares in the last quarter. Cantillon Capital Management LLC acquired a new position in Brunswick during the second quarter valued at approximately $111,724,000. Finally, Schroder Investment Management Group raised its position in Brunswick by 7.3% during the second quarter. Schroder Investment Management Group now owns 2,094,683 shares of the company’s stock valued at $96,125,000 after purchasing an additional 142,175 shares in the last quarter. Institutional investors own 97.07% of the company’s stock.
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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