Brunswick (NYSE:BC) PT Lowered to $115.00 at JPMorgan Chase & Co.

Brunswick (NYSE:BC – Get Rating) had its price target lowered by JPMorgan Chase & Co. from $117.00 to $115.00 in a research note issued to investors on Tuesday, The Fly reports.

A number of other equities research analysts also recently commented on the stock. B. Riley dropped their price objective on shares of Brunswick from $120.00 to $101.00 and set a buy rating on the stock in a research report on Tuesday. KeyCorp dropped their target price on shares of Brunswick from $115.00 to $100.00 in a research report on Monday, May 2nd. Northcoast Research reaffirmed a neutral rating on shares of Brunswick in a research report on Tuesday, May 17th. DA Davidson initiated coverage on shares of Brunswick in a research report on Tuesday, April 26th. They issued a buy rating and a $96.00 target price on the stock. Finally, Citigroup dropped their target price on shares of Brunswick from $123.00 to $106.00 and set a buy rating on the stock in a research report on Tuesday, April 19th. Three analysts have rated the stock with a hold rating and eight have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of Moderate Buy and an average price target of $108.27.

Shares of NYSE:BC opened at $66.07 on Tuesday. Brunswick has a 52 week low of $61.89 and a 52 week high of $108.51. The company’s 50 day moving average is $73.56 and its two-hundred day moving average is $85.41. The company has a current ratio of 2.10, a quick ratio of 1.09 and a debt-to-equity ratio of 1.26. The company has a market cap of $5.00 billion, a PE ratio of 8.61 and a beta of 1.56.

Brunswick (NYSE:BC – Get Rating) last announced its quarterly earnings data on Thursday, April 28th. The company reported $2.53 EPS for the quarter, beating analysts’ consensus estimates of $2.33 by $0.20. Brunswick had a net margin of 9.79% and a return on equity of 35.51%. The company had revenue of $1.69 billion for the quarter, compared to the consensus estimate of $1.64 billion. During the same period in the prior year, the firm posted $2.24 EPS. The company’s quarterly revenue was up 18.3% compared to the same quarter last year. As a group, equities research analysts expect that Brunswick will post 10.15 EPS for the current year.

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, June 15th. Shareholders of record on Wednesday, May 18th were given a dividend of $0.365 per share. This represents a $1.46 annualized dividend and a yield of 2.21%. The ex-dividend date was Tuesday, May 17th. Brunswick’s payout ratio is currently 19.04%.

Several hedge funds have recently added to or reduced their stakes in the company. Verition Fund Management LLC lifted its stake in shares of Brunswick by 258.1% in the 1st quarter. Verition Fund Management LLC now owns 10,162 shares of the company’s stock worth $822,000 after acquiring an additional 7,324 shares during the period. Walleye Capital LLC acquired a new stake in shares of Brunswick in the 1st quarter worth $258,000. Aurora Investment Counsel acquired a new stake in shares of Brunswick in the first quarter valued at about $1,587,000. Neuberger Berman Group LLC lifted its stake in shares of Brunswick by 38.3% in the first quarter. Neuberger Berman Group LLC now owns 236,467 shares of the company’s stock valued at $19,128,000 after purchasing an additional 65,464 shares during the period. Finally, BNP Paribas Arbitrage SA lifted its stake in shares of Brunswick by 155.6% in the first quarter. BNP Paribas Arbitrage SA now owns 49,236 shares of the company’s stock valued at $3,983,000 after purchasing an additional 29,976 shares during the period. Institutional investors own 92.75% of the company’s stock.

About Brunswick (Get Rating)

Brunswick Corporation designs, manufactures, and markets recreation products worldwide. It operates through Propulsion; Parts & Accessories; and Boat segments. The Propulsion segment provides outboard, sterndrive, and inboard engines for independent boat builders and governments through marine dealers and distributors, specialty marine retailers, and marine service centers; and propulsion-related controls, rigging, and propellers to original equipment manufacturers and aftermarket retailers, distributors, and distribution businesses.

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