Brunswick (NYSE:BC) PT Lowered to $101.00

Brunswick (NYSE:BCGet Rating) had its target price lowered by B. Riley from $120.00 to $101.00 in a report published on Tuesday morning, The Fly reports. The brokerage currently has a buy rating on the stock.

Several other equities research analysts have also commented on the company. KeyCorp reduced their price objective on Brunswick from $115.00 to $100.00 in a research note on Monday, May 2nd. Northcoast Research reiterated a neutral rating on shares of Brunswick in a research note on Tuesday, May 17th. Stifel Nicolaus cut their price target on Brunswick from $123.00 to $115.00 in a research note on Monday, April 25th. DA Davidson assumed coverage on Brunswick in a research note on Tuesday, April 26th. They issued a buy rating and a $96.00 price target for the company. Finally, Citigroup cut their price target on Brunswick from $123.00 to $106.00 and set a buy rating for the company in a research note on Tuesday, April 19th. Three equities research analysts have rated the stock with a hold rating and eight have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, Brunswick has an average rating of Moderate Buy and an average price target of $108.27.

NYSE BC opened at $66.07 on Tuesday. The business’s fifty day moving average price is $73.56 and its 200-day moving average price is $85.41. The stock has a market capitalization of $5.00 billion, a price-to-earnings ratio of 8.61 and a beta of 1.56. The company has a debt-to-equity ratio of 1.26, a current ratio of 2.10 and a quick ratio of 1.09. Brunswick has a 1-year low of $61.89 and a 1-year high of $108.51.

Brunswick (NYSE:BCGet Rating) last released its quarterly earnings results on Thursday, April 28th. The company reported $2.53 earnings per share for the quarter, beating the consensus estimate of $2.33 by $0.20. The firm had revenue of $1.69 billion for the quarter, compared to analysts’ expectations of $1.64 billion. Brunswick had a return on equity of 35.51% and a net margin of 9.79%. The company’s revenue was up 18.3% compared to the same quarter last year. During the same period in the prior year, the firm earned $2.24 EPS. Equities research analysts anticipate that Brunswick will post 10.15 EPS for the current year.

The firm also recently declared a quarterly dividend, which was paid on Wednesday, June 15th. Investors of record on Wednesday, May 18th were issued a $0.365 dividend. This represents a $1.46 dividend on an annualized basis and a dividend yield of 2.21%. The ex-dividend date of this dividend was Tuesday, May 17th. Brunswick’s payout ratio is 19.04%.

Several large investors have recently made changes to their positions in the stock. Verition Fund Management LLC lifted its stake in Brunswick by 258.1% in the first quarter. Verition Fund Management LLC now owns 10,162 shares of the company’s stock worth $822,000 after purchasing an additional 7,324 shares during the last quarter. Walleye Capital LLC purchased a new position in shares of Brunswick during the first quarter worth approximately $258,000. Aurora Investment Counsel purchased a new position in shares of Brunswick during the first quarter worth approximately $1,587,000. Neuberger Berman Group LLC increased its position in shares of Brunswick by 38.3% during the first quarter. Neuberger Berman Group LLC now owns 236,467 shares of the company’s stock worth $19,128,000 after acquiring an additional 65,464 shares during the period. Finally, BNP Paribas Arbitrage SA increased its position in shares of Brunswick by 155.6% during the first quarter. BNP Paribas Arbitrage SA now owns 49,236 shares of the company’s stock worth $3,983,000 after acquiring an additional 29,976 shares during the period. 92.75% of the stock is owned by hedge funds and other institutional investors.

About Brunswick (Get Rating)

Brunswick Corporation designs, manufactures, and markets recreation products worldwide. It operates through Propulsion; Parts & Accessories; and Boat segments. The Propulsion segment provides outboard, sterndrive, and inboard engines for independent boat builders and governments through marine dealers and distributors, specialty marine retailers, and marine service centers; and propulsion-related controls, rigging, and propellers to original equipment manufacturers and aftermarket retailers, distributors, and distribution businesses.

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