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.

Brunswick (NYSE:BC) last issued its quarterly earnings results on Thursday, January 31st. The company reported $0.98 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.90 by $0.08. Brunswick had a return on equity of 27.37% and a net margin of 5.20%. The business had revenue of $1.25 billion for the quarter, compared to analyst estimates of $1.25 billion. During the same quarter in the prior year, the firm posted $0.70 earnings per share. On average, equities research analysts predict that Brunswick will post 4.97 earnings per share for the current year.

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.

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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