Brunswick (NYSE:BC) was downgraded by Zacks Investment Research from a “hold” rating to a “sell” rating in a research note issued to investors on Tuesday, Zacks.com reports.

According to Zacks, “Brunswick Corporation endeavors to instill Genuine Ingenuity in all its leading consumer brands, including Mercury and Mariner outboard engines; Mercury MerCruiser sterndrives and inboard engines; MotorGuide trolling motors; Attwood and Whale marine parts and accessories; Land ‘N’ Sea, Kellogg Marine, Diversified Marine, BLA and Bell RPG parts and accessories distributors; Bayliner, Boston Whaler, Brunswick Commercial and Government Products, Crestliner, Cypress Cay, Harris, Lowe, Lund, Meridian, Princecraft, Quicksilver, Rayglass, Sea Ray and Uttern boats, and Life Fitness, Hammer Strength and SCIFIT fitness equipment, and Brunswick billiards tables, accessories and game room furniture and InMovement products and services for productive well-being. “

A number of other research firms also recently weighed in on BC. B. Riley set a $71.00 target price on Brunswick and gave the stock a “buy” rating in a research report on Friday, June 28th. Citigroup increased their price objective on Visteon from $58.00 to $69.00 and gave the company a “neutral” rating in a research report on Tuesday. Wells Fargo & Co reiterated a “hold” rating and set a $81.00 price objective on shares of Progressive in a research report on Wednesday, July 17th. ValuEngine upgraded Marriott Vacations Worldwide from a “sell” rating to a “hold” rating in a research report on Monday. Finally, TheStreet downgraded Trinity Industries from a “b” rating to a “c” rating in a research report on Thursday, April 25th. Two investment analysts have rated the stock with a sell rating, three have issued a hold rating and eight have issued a buy rating to the stock. The company has a consensus rating of “Hold” and a consensus price target of $58.19.

Shares of NYSE BC traded up $0.58 during midday trading on Tuesday, hitting $48.34. 951,435 shares of the company’s stock were exchanged, compared to its average volume of 1,123,084. The company has a debt-to-equity ratio of 0.81, a quick ratio of 1.19 and a current ratio of 1.98. The business’s 50 day moving average is $45.75. The stock has a market cap of $4.17 billion, a price-to-earnings ratio of 10.13, a P/E/G ratio of 1.11 and a beta of 1.71. Brunswick has a twelve month low of $41.02 and a twelve month high of $69.82.

Brunswick (NYSE:BC) last issued its quarterly earnings data on Thursday, July 25th. The company reported $1.45 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $1.39 by $0.06. The business had revenue of $1.16 billion during the quarter, compared to the consensus estimate of $1.21 billion. Brunswick had a return on equity of 26.56% and a net margin of 3.10%. The business’s revenue was down 16.9% on a year-over-year basis. During the same period in the previous year, the firm posted $1.50 earnings per share. As a group, equities research analysts predict that Brunswick will post 4.3 earnings per share for the current fiscal year.

A number of large investors have recently made changes to their positions in BC. FNY Investment Advisers LLC acquired a new position in shares of Brunswick in the first quarter worth $25,000. Signaturefd LLC increased its stake in shares of Brunswick by 121.3% in the first quarter. Signaturefd LLC now owns 1,049 shares of the company’s stock worth $53,000 after acquiring an additional 575 shares during the last quarter. Steward Partners Investment Advisory LLC acquired a new position in shares of Brunswick in the second quarter worth $66,000. AdvisorNet Financial Inc increased its stake in shares of Brunswick by 63.4% in the second quarter. AdvisorNet Financial Inc now owns 1,546 shares of the company’s stock worth $71,000 after acquiring an additional 600 shares during the last quarter. Finally, Rehmann Capital Advisory Group increased its stake in shares of Brunswick by 25.7% in the first quarter. Rehmann Capital Advisory Group now owns 2,722 shares of the company’s stock worth $137,000 after acquiring an additional 556 shares during the last quarter. 92.90% of the stock is currently owned by institutional investors.

Brunswick Company Profile

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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