Brunswick Co. (NYSE:BC) Receives an Average “Moderate Buy” Recommendation from Brokerages
Brunswick Co. (NYSE:BC – Get Rating) received a consensus “moderate buy” recommendation from the thirteen ratings companies that cover the stock, reports Marketbeat Ratings. Two investment analysts rated the stock with a hold recommendation and seven gave the company a buy recommendation. The 12-month average price target among analysts who have reported on the stock over the past year is $108.27.
Several research firms have published reports on British Columbia. Citigroup lowered its target price on Brunswick shares from $123.00 to $106.00 and set a “buy” rating on the stock in a Tuesday, April 19 research note. KeyCorp cut its price target on Brunswick shares from $115.00 to $100.00 in a Monday, May 2 report. DA Davidson began covering Brunswick shares in a report on Tuesday, April 26. They issued a “buy” rating and a price target of $96.00 on the stock. Raymond James raised its price target on Brunswick shares from $121.00 to $123.00 in a Friday, April 29 report. Finally, Stifel Nicolaus lowered his price target on Brunswick shares from $123.00 to $115.00 in a Monday, April 25 research report.
A number of large investors have recently changed their BC holdings. Keybank National Association OH increased its holdings of Brunswick shares by 32.9% in the fourth quarter. Keybank National Association OH now owns 6,119 shares of the company worth $616,000 after purchasing an additional 1,514 shares in the last quarter. Van ECK Associates Corp increased its holdings of Brunswick shares 24.7% in the fourth quarter. Van ECK Associates Corp now owns 2,022 shares of the company worth $204,000 after buying 400 more shares in the last quarter. Bridgewater Advisors Inc. bought a new position in Brunswick shares in the fourth quarter worth $1,387,000. Taika Capital LP bought a new position in Brunswick shares in the fourth quarter worth $1,415,000. Finally, MTM Investment Management LLC bought a new position in Brunswick shares in the fourth quarter worth $210,000. 92.75% of the shares are currently held by institutional investors and hedge funds.
BC shares opened at $66.46 on Tuesday. Brunswick has a 52-week low of $61.89 and a 52-week high of $108.51. The company has a debt ratio of 1.26, a quick ratio of 1.09 and a current ratio of 2.10. The company has a 50-day simple moving average of $72.08 and a two-hundred-day simple moving average of $83.77. The company has a market capitalization of $5.03 billion, a price-earnings ratio of 8.66 and a beta of 1.56.
Brunswick (NYSE:BC – Get Rating) last released its results on Thursday, April 28. The company reported earnings per share of $2.53 for the quarter, beating consensus analyst estimates of $2.33 by $0.20. The company posted revenue of $1.69 billion for the quarter, versus $1.64 billion expected by analysts. Brunswick had a net margin of 9.79% and a return on equity of 35.51%. The company’s quarterly revenue increased 18.3% year over year. In the same period a year earlier, the company earned earnings per share of $2.24. On average, sell-side analysts expect Brunswick to post 10.16 EPS for the current fiscal year.
The company also recently announced a quarterly dividend, which was paid on Wednesday, June 15. Investors of record on Wednesday, May 18 received a dividend of $0.365 per share. The ex-dividend date was Tuesday, May 17. This represents an annualized dividend of $1.46 and a yield of 2.20%. Brunswick’s dividend payout ratio (DPR) is 19.04%.
About Braunschweig (Get a rating)
Brunswick Corporation designs, manufactures and markets leisure products worldwide. It works via Propulsion; Parts & Accessories; and boat segments. The Propulsion segment provides outboard, sterndrive and inboard engines to independent boat builders and governments through marine dealers and distributors, marine specialty retailers and marine service centers; and propulsion-related controls, rigging and propellers to original equipment manufacturers and aftermarket retailers, distributors and distribution companies.
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