Brunswick (BC) Rating Reiterated by Imperial Capital
Brunswick (NYSE:BC)‘s stock had its “buy” rating reissued by stock analysts at Imperial Capital in a research report issued to clients and investors on Wednesday. They presently have a $65.00 price target on the stock. Imperial Capital’s price objective points to a potential upside of 18.31% from the company’s current price. The analysts noted that the move was a valuation call.
A number of other equities research analysts have also recently weighed in on the company. Aegis restated a “buy” rating and set a $73.00 price objective on shares of Brunswick in a research note on Thursday, August 17th. Northcoast Research raised Brunswick from a “neutral” rating to a “buy” rating in a research report on Friday, November 3rd. ValuEngine lowered Brunswick from a “buy” rating to a “hold” rating in a research report on Wednesday, September 20th. Forward View raised Brunswick from a “hold” rating to a “buy” rating and set a $60.00 target price on the stock in a research report on Sunday, September 3rd. Finally, Zacks Investment Research raised Brunswick from a “sell” rating to a “hold” rating in a research report on Friday, November 10th. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating and thirteen have issued a buy rating to the stock. Brunswick has a consensus rating of “Buy” and an average price target of $62.86.
Shares of Brunswick (NYSE:BC) traded down $0.65 during mid-day trading on Wednesday, hitting $54.94. The company’s stock had a trading volume of 877,200 shares, compared to its average volume of 1,062,917. Brunswick has a twelve month low of $48.04 and a twelve month high of $63.82. The stock has a market cap of $4,874.68, a PE ratio of 14.74, a price-to-earnings-growth ratio of 0.89 and a beta of 1.90. The company has a quick ratio of 0.95, a current ratio of 1.81 and a debt-to-equity ratio of 0.28.
A number of institutional investors have recently bought and sold shares of the stock. Ladenburg Thalmann Financial Services Inc. increased its holdings in shares of Brunswick by 1,158.4% in the third quarter. Ladenburg Thalmann Financial Services Inc. now owns 2,391 shares of the company’s stock valued at $132,000 after purchasing an additional 2,201 shares during the last quarter. Advisors Asset Management Inc. acquired a new stake in shares of Brunswick in the second quarter valued at approximately $134,000. Bronfman E.L. Rothschild L.P. increased its stake in Brunswick by 149.8% during the second quarter. Bronfman E.L. Rothschild L.P. now owns 2,550 shares of the company’s stock worth $160,000 after acquiring an additional 1,529 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank increased its stake in Brunswick by 9.5% during the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 3,217 shares of the company’s stock worth $202,000 after acquiring an additional 280 shares during the last quarter. Finally, Advisor Group Inc. increased its stake in Brunswick by 2.7% during the second quarter. Advisor Group Inc. now owns 3,306 shares of the company’s stock worth $202,000 after acquiring an additional 87 shares during the last quarter. 92.66% of the stock is currently owned by hedge funds and other institutional investors.
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Brunswick Corporation is a designer, manufacturer and marketer of recreation products. The Company operates through three segments: Marine Engine, Boat and Fitness. The Company’s product includes marine engines, boats, fitness equipment and active recreation products. The Company’s engine-related products include outboard, sterndrive and inboard engines; trolling motors; propellers; engine control systems; and marine parts and accessories.
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