Brokerages Set Brunswick Co. (NYSE:BC) Target Price at $59.79

Brunswick Co. (NYSE:BC) has been assigned an average rating of “Buy” from the seventeen analysts that are covering the firm, Marketbeat reports. One research analyst has rated the stock with a sell recommendation, three have assigned a hold recommendation and twelve have issued a buy recommendation on the company. The average twelve-month price objective among brokers that have issued ratings on the stock in the last year is $63.08.

A number of research analysts have weighed in on the company. Raymond James raised their price target on Brunswick from $64.00 to $79.00 and gave the company an “outperform” rating in a research note on Friday. TheStreet upgraded Brunswick from a “d+” rating to a “c” rating in a research note on Wednesday, June 3rd. ValuEngine downgraded Brunswick from a “hold” rating to a “sell” rating in a research note on Thursday, July 9th. Wells Fargo & Co restated a “buy” rating on shares of Brunswick in a research note on Sunday, June 7th. Finally, B. Riley restated a “buy” rating and issued a $88.00 price target on shares of Brunswick in a research note on Friday.

Brunswick stock traded down $2.19 during midday trading on Tuesday, reaching $66.98. The stock had a trading volume of 1,448,358 shares, compared to its average volume of 773,329. The firm’s fifty day simple moving average is $63.98 and its 200-day simple moving average is $53.51. Brunswick has a 1-year low of $25.22 and a 1-year high of $73.99. The stock has a market capitalization of $5.30 billion, a P/E ratio of -267.92 and a beta of 2.13. The company has a debt-to-equity ratio of 0.78, a quick ratio of 0.80 and a current ratio of 1.63.

Brunswick (NYSE:BC) last announced its earnings results on Thursday, July 30th. The company reported $0.99 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.45 by $0.54. Brunswick had a positive return on equity of 23.56% and a negative net margin of 0.84%. The business had revenue of $987.80 million for the quarter, compared to analyst estimates of $801.62 million. During the same quarter last year, the firm earned $1.45 EPS. Brunswick’s revenue for the quarter was down 15.2% compared to the same quarter last year. On average, sell-side analysts anticipate that Brunswick will post 2.97 earnings per share for the current fiscal year.

The company also recently declared a quarterly dividend, which will be paid on Friday, September 11th. Investors of record on Tuesday, August 25th will be paid a $0.24 dividend. The ex-dividend date of this dividend is Monday, August 24th. This represents a $0.96 annualized dividend and a yield of 1.43%. Brunswick’s dividend payout ratio (DPR) is presently 22.17%.

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Cantillon Capital Management LLC boosted its stake in Brunswick by 10.5% in the 2nd quarter. Cantillon Capital Management LLC now owns 4,157,277 shares of the company’s stock valued at $266,107,000 after purchasing an additional 395,640 shares during the period. Van Berkom & Associates Inc. raised its holdings in Brunswick by 17.9% in the 1st quarter. Van Berkom & Associates Inc. now owns 1,708,935 shares of the company’s stock valued at $60,445,000 after acquiring an additional 259,143 shares in the last quarter. Silvercrest Asset Management Group LLC raised its holdings in Brunswick by 2.7% in the 1st quarter. Silvercrest Asset Management Group LLC now owns 1,547,778 shares of the company’s stock valued at $54,745,000 after acquiring an additional 41,010 shares in the last quarter. Principal Financial Group Inc. raised its holdings in Brunswick by 31.6% in the 1st quarter. Principal Financial Group Inc. now owns 1,361,493 shares of the company’s stock valued at $48,150,000 after acquiring an additional 326,762 shares in the last quarter. Finally, TimesSquare Capital Management LLC raised its holdings in Brunswick by 3.3% in the 1st quarter. TimesSquare Capital Management LLC now owns 1,283,400 shares of the company’s stock valued at $45,394,000 after acquiring an additional 40,575 shares in the last quarter. Institutional investors and hedge funds own 96.27% of the company’s stock.

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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Analyst Recommendations for Brunswick (NYSE:BC)

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