Brunswick Co. (BC) Receives $74.75 Consensus Target Price from Analysts
Shares of Brunswick Co. (NYSE:BC) have been given a consensus rating of “Buy” by the sixteen ratings firms that are currently covering the company, MarketBeat.com reports. One investment analyst has rated the stock with a sell recommendation, two have given a hold recommendation and thirteen have assigned a buy recommendation to the company. The average 12 month target price among brokers that have issued ratings on the stock in the last year is $74.75.
BC has been the subject of several recent research reports. Citigroup raised their price target on Brunswick from $69.00 to $81.00 and gave the stock a “buy” rating in a research report on Thursday, June 14th. Zacks Investment Research raised Brunswick from a “hold” rating to a “buy” rating and set a $72.00 price target for the company in a research report on Wednesday, June 27th. B. Riley raised their price target on Brunswick to $90.00 and gave the stock a “buy” rating in a research report on Tuesday, July 3rd. Imperial Capital raised their price target on Brunswick from $78.00 to $90.00 and gave the stock an “outperform” rating in a research report on Monday, July 9th. Finally, Jefferies Financial Group reaffirmed a “hold” rating and issued a $60.00 price objective on shares of Brunswick in a research report on Friday, July 27th.
Large investors have recently made changes to their positions in the company. Meeder Asset Management Inc. grew its position in shares of Brunswick by 1,186.0% in the second quarter. Meeder Asset Management Inc. now owns 2,572 shares of the company’s stock valued at $166,000 after purchasing an additional 2,372 shares during the period. CIBC Asset Management Inc purchased a new stake in shares of Brunswick in the second quarter valued at $200,000. GAM Holding AG purchased a new stake in shares of Brunswick in the second quarter valued at $203,000. Greenwood Capital Associates LLC purchased a new stake in shares of Brunswick in the second quarter valued at $216,000. Finally, Independent Advisor Alliance purchased a new stake in shares of Brunswick in the second quarter valued at $218,000. 96.27% of the stock is owned by institutional investors and hedge funds.
Brunswick (NYSE:BC) last released its quarterly earnings results on Thursday, July 26th. The company reported $1.50 earnings per share for the quarter, missing the consensus estimate of $1.55 by ($0.05). The company had revenue of $1.40 billion for the quarter, compared to analysts’ expectations of $1.35 billion. Brunswick had a return on equity of 24.14% and a net margin of 2.38%. The business’s quarterly revenue was up 3.6% on a year-over-year basis. During the same period in the previous year, the business posted $1.35 EPS. analysts forecast that Brunswick will post 4.63 EPS for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which was paid on Friday, September 14th. Stockholders of record on Tuesday, August 21st were given a $0.19 dividend. This represents a $0.76 dividend on an annualized basis and a dividend yield of 1.14%. The ex-dividend date was Monday, August 20th. Brunswick’s dividend payout ratio is currently 19.54%.
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, service parts, and lubricants; and diesel propulsion systems to the recreational and commercial marine markets.
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