Notable Runner: Could Brunswick Corporation See a Reversal After This Very Strong Session?

Notable Runner: Could Brunswick Corporation See a Reversal After This Very Strong Session?

The stock of Brunswick Corporation (NYSE:BC) is a huge mover today! About 642,766 shares traded hands. Brunswick Corporation (NYSE:BC) has risen 3.38% since April 28, 2016 and is uptrending. It has underperformed by 2.54% the S&P500.
The move comes after 9 months positive chart setup for the $4.71B company. It was reported on Dec, 1 by Barchart.com. We have $54.79 PT which if reached, will make NYSE:BC worth $282.60 million more.

Analysts await Brunswick Corporation (NYSE:BC) to report earnings on January, 26. They expect $0.65 earnings per share, up 25.00% or $0.13 from last year’s $0.52 per share. BC’s profit will be $59.26 million for 19.87 P/E if the $0.65 EPS becomes a reality. After $0.91 actual earnings per share reported by Brunswick Corporation for the previous quarter, Wall Street now forecasts -28.57% negative EPS growth.

Brunswick Corporation (NYSE:BC) Ratings Coverage

Out of 8 analysts covering Brunswick (NYSE:BC), 7 rate it a “Buy”, 0 “Sell”, while 1 “Hold”. This means 88% are positive. Brunswick has been the topic of 11 analyst reports since September 4, 2015 according to StockzIntelligence Inc. The rating was downgraded by Raymond James to “Mkt Perform” on Monday, January 11. The rating was maintained by Wedbush with “Outperform” on Friday, September 4. Citigroup maintained Brunswick Corporation (NYSE:BC) on Thursday, February 4 with “Buy” rating. The rating was maintained by RBC Capital Markets with “Outperform” on Friday, April 29. JP Morgan initiated the stock with “Overweight” rating in Wednesday, December 16 report. The stock of Brunswick Corporation (NYSE:BC) earned “Buy” rating by B. Riley & Co on Wednesday, October 28. RBC Capital Markets maintained Brunswick Corporation (NYSE:BC) rating on Friday, January 22. RBC Capital Markets has “Outperform” rating and $51.0 price target. The company was maintained on Friday, January 15 by RBC Capital Markets. The stock of Brunswick Corporation (NYSE:BC) earned “Outperform” rating by BMO Capital Markets on Friday, October 30. The stock of Brunswick Corporation (NYSE:BC) earned “Outperform” rating by RBC Capital Markets on Monday, January 18.

According to Zacks Investment Research, “Brunswick Corporation is a manufacturer and marketer of leading consumer brands in four segments: Marine Engines, Boats, Fitness and Bowling & Billiards. The company also owns and operates: Brunswick bowling centers across the United States and internationally; Land ‘N’ Sea, a distributor of marine parts and accessories; and Omni Fitness, a chain of specialty fitness equipment retail stores.”

Insitutional Activity: The institutional sentiment increased to 1.06 in 2016 Q2. Its up 0.09, from 0.97 in 2016Q1. The ratio improved, as 30 funds sold all Brunswick Corporation shares owned while 114 reduced positions. 35 funds bought stakes while 104 increased positions. They now own 80.08 million shares or 7.67% less from 86.74 million shares in 2016Q1.
Moreover, Everpoint Asset Mngmt Limited Liability Corp has 0.48% invested in Brunswick Corporation (NYSE:BC) for 537,790 shares. Piermont Cap holds 0.14% of its portfolio in Brunswick Corporation (NYSE:BC) for 11,630 shares. Janus Capital Mngmt Ltd Llc last reported 7,044 shares in the company. Loomis Sayles And Company Limited Partnership holds 0.01% of its portfolio in Brunswick Corporation (NYSE:BC) for 119,896 shares. Guggenheim Ltd Liability last reported 0% of its portfolio in the stock. Moreover, Virginia Retirement Et Al has 0% invested in Brunswick Corporation (NYSE:BC) for 5,100 shares. Hillsdale reported 6,700 shares or 0.09% of all its holdings. Ww Asset Inc holds 0.01% of its portfolio in Brunswick Corporation (NYSE:BC) for 4,441 shares. Voya Investment Limited Company last reported 0.02% of its portfolio in the stock. Rhumbline Advisers holds 0.02% or 181,518 shares in its portfolio. Next Fincl Grp last reported 80 shares in the company. Landscape Capital Management last reported 7,012 shares in the company. Broadview Advsr Limited Liability Corp has 195,725 shares for 1.33% of their US portfolio. Silvercrest Asset Mngmt Grp Ltd Liability Company accumulated 1.05M shares or 0.61% of the stock. Suntrust Banks Inc holds 9,038 shares or 0% of its portfolio.

Insider Transactions: Since July 15, 2016, the stock had 0 insider purchases, and 1 insider sale for $943,423 net activity. $943,423 worth of Brunswick Corporation (NYSE:BC) was sold by METZGER WILLIAM on Friday, July 15.

More recent Brunswick Corporation (NYSE:BC) news were published by: Finance.Yahoo.com which released: “Brunswick Corporation : Brunswick Acquires Payne’s Marine” on November 18, 2016. Also Finance.Yahoo.com published the news titled: “Brunswick Corporation : Brunswick Names Brown Vice President – Chief …” on November 07, 2016. Equitiesfocus.com‘s news article titled: “Dividend Payout Of Brunswick Corporation (NYSE:BC) At $0.165” with publication date: December 01, 2016 was also an interesting one.

BC Company Profile

Brunswick Corporation (Brunswick), incorporated on December 31, 1907, is a designer, maker and marketer of recreation products, including marine engines, boats, fitness and active recreation products. The Firm operates in three divisions, which include Marine Engine, Boat and Fitness. Brunswick’s engine-related products include outboard, sterndrive and inboard engines; trolling motors; propellers; engine control systems, and marine parts and accessories. The Company’s boat offerings include fiberglass pleasure boats, yachts and sport yachts, offshore fishing boats, aluminum fishing boats, pontoon boats, deck boats and inflatable boats. Brunswick’s fitness products include both cardiovascular and strength training equipment for the commercial and consumer markets. The Firm also sells a line of billiards tables and other gaming tables and accessories.

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