Brunswick Corporation (NYSE:BC) Given Consensus Recommendation of “Hold” by Brokerages

Brunswick Corporation (NYSE:BC) has been assigned an average recommendation of “Hold” from the fifteen brokerages that are presently covering the stock, MarketBeat Ratings reports. One research analyst has rated the stock with a sell rating, eight have given a hold rating and six have given a buy rating to the company. The average 12-month target price among analysts that have covered the stock in the last year is $78.9231.

Several equities analysts recently issued reports on the company. Wall Street Zen cut Brunswick from a “buy” rating to a “hold” rating in a report on Sunday, December 7th. Benchmark lifted their price target on shares of Brunswick from $70.00 to $75.00 and gave the stock a “buy” rating in a research report on Friday, October 24th. Weiss Ratings restated a “sell (d+)” rating on shares of Brunswick in a report on Monday, December 29th. Citigroup lifted their target price on shares of Brunswick from $82.00 to $100.00 and gave the stock a “buy” rating in a report on Wednesday, January 14th. Finally, Roth Mkm set a $79.00 price target on Brunswick and gave the stock a “buy” rating in a research report on Thursday, October 30th.

Institutional Trading of Brunswick

A number of hedge funds have recently modified their holdings of the company. Farther Finance Advisors LLC increased its stake in Brunswick by 72.3% in the fourth quarter. Farther Finance Advisors LLC now owns 379 shares of the company’s stock valued at $28,000 after purchasing an additional 159 shares in the last quarter. Tectonic Advisors LLC increased its position in shares of Brunswick by 0.8% in the 4th quarter. Tectonic Advisors LLC now owns 62,104 shares of the company’s stock valued at $4,611,000 after buying an additional 497 shares in the last quarter. Deprince Race & Zollo Inc. raised its stake in Brunswick by 0.8% during the 4th quarter. Deprince Race & Zollo Inc. now owns 1,866,872 shares of the company’s stock worth $138,597,000 after buying an additional 14,822 shares during the period. Massachusetts Financial Services Co. MA lifted its holdings in Brunswick by 2.2% during the fourth quarter. Massachusetts Financial Services Co. MA now owns 3,572,892 shares of the company’s stock worth $265,252,000 after acquiring an additional 78,228 shares in the last quarter. Finally, V Square Quantitative Management LLC acquired a new position in Brunswick in the fourth quarter valued at about $30,000. 99.34% of the stock is currently owned by institutional investors and hedge funds.

Brunswick Price Performance

Shares of BC stock opened at $86.59 on Friday. Brunswick has a 1 year low of $41.00 and a 1 year high of $89.61. The company has a current ratio of 1.78, a quick ratio of 0.73 and a debt-to-equity ratio of 1.28. The firm’s 50 day moving average is $75.49 and its 200-day moving average is $67.56. The firm has a market capitalization of $5.63 billion, a price-to-earnings ratio of -23.79 and a beta of 1.36.

Brunswick (NYSE:BC) last posted its quarterly earnings data on Thursday, October 23rd. The company reported $0.97 earnings per share for the quarter, topping the consensus estimate of $0.84 by $0.13. The firm had revenue of $1.36 billion during the quarter, compared to analysts’ expectations of $1.26 billion. Brunswick had a negative net margin of 4.60% and a positive return on equity of 10.55%. Brunswick’s revenue was up 6.8% on a year-over-year basis. During the same quarter in the previous year, the company posted $1.17 EPS. Sell-side analysts forecast that Brunswick will post 4.19 EPS for the current fiscal year.

About Brunswick

Founded in 1845 by John Moses Brunswick, Brunswick Corporation is a global leader in recreation products. Headquartered in Mettawa, Illinois, the company has evolved from its origins as a billiard table manufacturer into a diversified supplier of leisure equipment, serving both consumer and commercial markets around the world.

Brunswick operates through two primary segments: Marine and Bowling & Billiards. In its Marine segment, the company designs, manufactures and distributes recreational boats, outboard engines and aftermarket parts under recognized brands such as Sea Ray, Bayliner and Mercury Marine.