ValuEngine Lowers Brunswick (BC) to Sell
Brunswick (NYSE:BC) was downgraded by research analysts at ValuEngine from a “hold” rating to a “sell” rating in a research note issued on Wednesday.
Several other equities analysts have also issued reports on BC. Zacks Investment Research lowered Brunswick from a “hold” rating to a “sell” rating in a research note on Tuesday, January 29th. B. Riley reaffirmed a “buy” rating on shares of Brunswick in a research note on Thursday, December 27th. Wells Fargo & Co cut their price target on Brunswick from $65.00 to $60.00 and set an “outperform” rating on the stock in a research note on Tuesday, December 18th. JPMorgan Chase & Co. began coverage on Brunswick in a research note on Friday, January 11th. They set a “neutral” rating and a $52.00 price target on the stock. Finally, TheStreet raised Brunswick from a “c” rating to a “b-” rating in a research note on Thursday, January 31st. Two equities research analysts have rated the stock with a sell rating, one has issued a hold rating and seven have assigned a buy rating to the stock. Brunswick currently has an average rating of “Buy” and a consensus target price of $70.67.
Brunswick stock traded down $0.25 on Wednesday, reaching $49.60. The company’s stock had a trading volume of 747,505 shares, compared to its average volume of 945,281. The company has a debt-to-equity ratio of 0.75, a quick ratio of 0.75 and a current ratio of 1.50. The firm has a market cap of $4.34 billion, a P/E ratio of 10.40, a P/E/G ratio of 0.93 and a beta of 1.67. Brunswick has a twelve month low of $41.92 and a twelve month high of $69.82.
In other Brunswick news, VP Daniel J. Tanner sold 3,373 shares of the stock in a transaction dated Friday, March 15th. The stock was sold at an average price of $53.28, for a total value of $179,713.44. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, VP Christopher F. Dekker sold 1,599 shares of the stock in a transaction dated Thursday, February 14th. The stock was sold at an average price of $49.94, for a total value of $79,854.06. Following the completion of the sale, the vice president now owns 32,323 shares of the company’s stock, valued at $1,614,210.62. The disclosure for this sale can be found here. Insiders sold 6,251 shares of company stock worth $321,816 in the last three months. Insiders own 1.00% of the company’s stock.
Institutional investors have recently made changes to their positions in the business. Geode Capital Management LLC increased its holdings in shares of Brunswick by 8.7% in the fourth quarter. Geode Capital Management LLC now owns 855,784 shares of the company’s stock worth $39,750,000 after acquiring an additional 68,803 shares in the last quarter. Vanguard Group Inc increased its holdings in shares of Brunswick by 1.9% in the third quarter. Vanguard Group Inc now owns 7,493,427 shares of the company’s stock worth $502,209,000 after acquiring an additional 136,697 shares in the last quarter. Strs Ohio increased its holdings in shares of Brunswick by 2,046.0% in the fourth quarter. Strs Ohio now owns 105,090 shares of the company’s stock worth $4,881,000 after acquiring an additional 100,193 shares in the last quarter. Janney Montgomery Scott LLC increased its holdings in shares of Brunswick by 18.5% in the third quarter. Janney Montgomery Scott LLC now owns 7,007 shares of the company’s stock worth $470,000 after acquiring an additional 1,092 shares in the last quarter. Finally, Zurcher Kantonalbank Zurich Cantonalbank increased its holdings in shares of Brunswick by 18.5% in the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 6,744 shares of the company’s stock worth $313,000 after acquiring an additional 1,051 shares in the last quarter. Institutional investors own 94.92% of the company’s stock.
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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