Breaking: KeyBanc Maintains $77 Price Target On Brunswick (NYSE:BC) Shares, Maintains Their Original Overweight Rating

July 27, 2018 - By Margaret Guttierez

Brunswick Corporation (NYSE:BC) Logo

Investors sentiment increased to 1.01 in Q1 2018. Its up 0.01, from 1 in 2017Q4. It increased, as 40 investors sold Brunswick Corporation shares while 104 reduced holdings. 51 funds opened positions while 94 raised stakes. 80.25 million shares or 0.97% more from 79.48 million shares in 2017Q4 were reported.

Mutual Of America Capital Mgmt Ltd Liability Corp owns 0.07% invested in Brunswick Corporation (NYSE:BC) for 72,075 shares. Kj Harrison & Prtn invested 0.14% in Brunswick Corporation (NYSE:BC). Tdam Usa invested in 29,933 shares or 0.11% of the stock. Pnc Fincl Svcs Grp Inc reported 0% stake. Kennedy Mgmt Inc reported 0.31% of its portfolio in Brunswick Corporation (NYSE:BC). Arrow Fincl invested 0% in Brunswick Corporation (NYSE:BC). Numerixs Inc holds 0.01% of its portfolio in Brunswick Corporation (NYSE:BC) for 500 shares. Sumitomo Life Ins Co reported 35,291 shares stake. Illinois-based Oakbrook Invests Limited Company has invested 0.03% in Brunswick Corporation (NYSE:BC). Prelude Mngmt Limited reported 0.01% in Brunswick Corporation (NYSE:BC). Walleye Trading Ltd Liability Corp, a Minnesota-based fund reported 3,268 shares. Thematic Prns Llc invested in 1.23% or 604,511 shares. 321,680 are held by Royal Bank Of Canada. Ing Groep Nv stated it has 13,318 shares or 0.01% of all its holdings. Aperio Grp Ltd Liability owns 17,748 shares.

Since February 14, 2018, it had 0 insider purchases, and 5 selling transactions for $3.17 million activity. SCHWABERO MARK D also sold $1.03 million worth of Brunswick Corporation (NYSE:BC) on Monday, June 4. 3,100 shares were sold by Dekker Christopher F, worth $182,394. 13,530 shares valued at $912,168 were sold by METZGER WILLIAM on Monday, June 4.

Brunswick (NYSE:BC) Rating Reaffirmed

Brunswick (NYSE:BC) just had their share rating of a ‘Overweight’ issued by research analysts at KeyBanc, who now has a $77 PT on the $5.50B market cap company or a 22.13 % upside potential. This key information was revealed to clients and investors in an analyst report on Friday, 27 July.

Brunswick Corporation (NYSE:BC) Ratings Coverage

Among 13 analysts covering Brunswick Corporation (NYSE:BC), 12 have Buy rating, 0 Sell and 1 Hold. Therefore 92% are positive. Brunswick Corporation has $81 highest and $57.0 lowest target. $71.80’s average target is 13.88% above currents $63.05 stock price. Brunswick Corporation had 23 analyst reports since January 29, 2018 according to SRatingsIntel. The firm earned “Buy” rating on Monday, January 29 by Northcoast. As per Friday, February 2, the company rating was downgraded by CL King. The company was maintained on Friday, April 13 by FBR Capital. FBR Capital maintained Brunswick Corporation (NYSE:BC) on Thursday, April 26 with “Buy” rating. The stock of Brunswick Corporation (NYSE:BC) earned “Buy” rating by RBC Capital Markets on Thursday, March 1. The stock of Brunswick Corporation (NYSE:BC) has “Buy” rating given on Monday, February 5 by Imperial Capital. The firm earned “Hold” rating on Thursday, February 1 by Jefferies. The stock of Brunswick Corporation (NYSE:BC) earned “Overweight” rating by KeyBanc Capital Markets on Friday, February 2. On Thursday, June 14 the stock rating was maintained by Citigroup with “Buy”. The company was maintained on Thursday, February 1 by Stifel Nicolaus.

The stock decreased 4.25% or $2.8 during the last trading session, reaching $63.05. About 2.53M shares traded or 180.63% up from the average. Brunswick Corporation (NYSE:BC) has risen 14.83% since July 27, 2017 and is uptrending. It has outperformed by 2.26% the S&P500.

Brunswick Corporation designs, manufactures, and markets recreation products worldwide. The company has market cap of $5.50 billion. The companyÂ’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. It has a 36.36 P/E ratio. It serves independent boat builders and end users, as well as local, state, and foreign governments through marine dealers and distributors, specialty marine retailers, and marine service centers under the Mercury, Mercury MerCruiser, Mariner, Mercury Racing, Mercury Sport Jet, Mercury Jet Drive, Mercury Diesel, Sea Pro, Axius, Zeus, Quicksilver, Mercury Precision Parts, Mercury Propellers, Attwood, Garelick, Whale, Land 'N' Sea, Kellogg Marine Supply, Payne's Marine Group, BLA, Seachoice, and MotorGuide brand names.

More recent Brunswick Corporation (NYSE:BC) news were published by: Seekingalpha.com which released: “Brunswick Corporation: Fair Value Is Not Far Away” on July 02, 2018. Also Benzinga.com published the news titled: “Earnings Scheduled For July 26, 2018” on July 26, 2018. Seekingalpha.com‘s news article titled: “Brunswick (BC) Q2 2018 Results – Earnings Call Transcript” with publication date: July 26, 2018 was also an interesting one.

Brunswick Corporation (NYSE:BC) Institutional Positions Chart

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