Brunswick (NYSE:BC) Stock Rating Reaffirmed by KeyCorp

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Brunswick (NYSE:BC)‘s stock had its “overweight” rating restated by equities researchers at KeyCorp in a research note issued to investors on Monday, MarketBeat reports. They presently have a $55.00 target price on the stock, down from their previous target price of $65.00. KeyCorp’s price target suggests a potential upside of 20.77% from the company’s previous close.

Several other equities research analysts have also issued reports on BC. SunTrust Banks boosted their price target on shares of Fidelity National Financial to $45.00 and gave the company a “buy” rating in a report on Friday, April 26th. ValuEngine lowered shares of Zynerba Pharmaceuticals from a “buy” rating to a “hold” rating in a report on Wednesday, July 17th. TheStreet lowered shares of Trinity Industries from a “b” rating to a “c” rating in a report on Thursday, April 25th. Royal Bank of Canada lowered shares of Roku from an “outperform” rating to a “sector perform” rating and set a $90.00 price target on the stock. in a report on Monday, July 1st. They noted that the move was a valuation call. Finally, B. Riley set a $71.00 price target on shares of Brunswick and gave the company a “buy” rating in a report on Friday, June 28th. One analyst has rated the stock with a sell rating, five have issued a hold rating and eight have issued a buy rating to the stock. Brunswick presently has a consensus rating of “Buy” and an average target price of $59.02.

Shares of BC stock opened at $45.54 on Monday. Brunswick has a 1 year low of $41.02 and a 1 year high of $69.82. The business’s fifty day moving average is $45.23. The company has a market capitalization of $3.98 billion, a price-to-earnings ratio of 9.55, a P/E/G ratio of 0.98 and a beta of 1.71. The company has a debt-to-equity ratio of 0.87, a current ratio of 1.61 and a quick ratio of 0.79.

Brunswick (NYSE:BC) last announced its earnings results on Thursday, April 25th. The company reported $0.99 earnings per share (EPS) for the quarter, hitting the Zacks’ consensus estimate of $0.99. Brunswick had a net margin of 2.99% and a return on equity of 27.01%. The business had revenue of $1.28 billion for the quarter, compared to analyst estimates of $1.29 billion. During the same quarter in the previous year, the firm posted $1.01 earnings per share. Brunswick’s revenue was up 5.4% compared to the same quarter last year. As a group, equities analysts anticipate that Brunswick will post 4.67 EPS for the current fiscal year.

Several institutional investors and hedge funds have recently bought and sold shares of BC. Advisor Group Inc. grew its holdings in shares of Brunswick by 9.3% in the 4th quarter. Advisor Group Inc. now owns 9,135 shares of the company’s stock worth $425,000 after purchasing an additional 780 shares during the last quarter. Northern Trust Corp grew its holdings in shares of Brunswick by 1.8% in the 4th quarter. Northern Trust Corp now owns 681,798 shares of the company’s stock worth $31,670,000 after purchasing an additional 11,892 shares during the last quarter. Dimensional Fund Advisors LP lifted its position in Brunswick by 3.5% during the 4th quarter. Dimensional Fund Advisors LP now owns 1,011,112 shares of the company’s stock worth $46,966,000 after buying an additional 34,428 shares in the last quarter. Geode Capital Management LLC lifted its position in Brunswick by 8.7% during the 4th quarter. Geode Capital Management LLC now owns 855,784 shares of the company’s stock worth $39,750,000 after buying an additional 68,803 shares in the last quarter. Finally, Bank of America Corp DE lifted its position in Brunswick by 26.7% during the 4th quarter. Bank of America Corp DE now owns 454,187 shares of the company’s stock worth $21,097,000 after buying an additional 95,822 shares in the last quarter. 93.10% of the stock is currently owned by institutional investors and hedge funds.

About Brunswick

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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