Can analysts adopt a bullish outlook for Brunswick Corporation (NYSE:BC)?

November 10, 2018 - By Ellis Scott

Brunswick Corporation (NYSE:BC) LogoInvestors sentiment increased to 1.19 in 2018 Q2. Its up 0.18, from 1.01 in 2018Q1. It improved, as 27 investors sold Brunswick Corporation shares while 99 reduced holdings. 52 funds opened positions while 98 raised stakes. 79.26 million shares or 1.24% less from 80.25 million shares in 2018Q1 were reported.
Fmr Ltd Liability Corporation invested 0.02% in Brunswick Corporation (NYSE:BC). Livforsakringsbolaget Skandia Omsesidigt accumulated 45,500 shares. New Mexico Educational Retirement Board reported 20,400 shares stake. State Of Wisconsin Investment Board accumulated 0% or 16,999 shares. Swiss Bankshares owns 152,800 shares. Arrow accumulated 150 shares. State Street, Massachusetts-based fund reported 2.24 million shares. Scopus Asset Mgmt Ltd Partnership holds 0.04% of its portfolio in Brunswick Corporation (NYSE:BC) for 70,000 shares. Lakewood Management Lp holds 3.04% or 1.43M shares. Amundi Pioneer Asset Management invested in 392,645 shares or 0.04% of the stock. Kbc Gp Nv has invested 0% in Brunswick Corporation (NYSE:BC). 113,166 are owned by Sei Investments Company. Quantitative Mgmt Llc owns 123,300 shares. Strategic Global Advsr Ltd Liability Corporation holds 44,714 shares or 0.68% of its portfolio. Icon Advisers owns 197,163 shares or 0.96% of their US portfolio.

Since May 16, 2018, it had 0 insider purchases, and 4 selling transactions for $2.99 million activity. Shares for $1.03M were sold by SCHWABERO MARK D on Wednesday, May 30. $912,168 worth of Brunswick Corporation (NYSE:BC) was sold by METZGER WILLIAM.

Brunswick Corporation (NYSE:BC) Ratings Coverage

Among 3 analysts covering Brunswick (NYSE:BC), 3 have Buy rating, 0 Sell and 0 Hold. Therefore 100% are positive. Brunswick had 5 analyst reports since June 14, 2018 according to SRatingsIntel. The firm has “Overweight” rating given on Friday, July 27 by KeyBanc Capital Markets. The rating was maintained by Citigroup with “Buy” on Tuesday, November 6. Citigroup maintained the stock with “Buy” rating in Thursday, June 14 report. Citigroup maintained Brunswick Corporation (NYSE:BC) rating on Wednesday, August 15. Citigroup has “Buy” rating and $76 target. The rating was maintained by Wedbush with “Outperform” on Monday, August 13. Below is a list of Brunswick Corporation (NYSE:BC) latest ratings and price target changes.

06/11/2018 Broker: Citigroup Old Rating: Buy New Rating: Buy Old Target: $76 New Target: $66 Maintain
15/08/2018 Broker: Citigroup Old Rating: Buy New Rating: Buy Old Target: $81 New Target: $76 Maintain
13/08/2018 Broker: Wedbush Old Rating: Outperform New Rating: Outperform Old Target: $70 New Target: $77 Maintain
27/07/2018 Broker: KeyBanc Capital Markets Old Rating: Overweight New Rating: Overweight Old Target: $75 New Target: $77 Maintain
14/06/2018 Broker: Citigroup Old Rating: Buy New Rating: Buy Old Target: $69 New Target: $81 Maintain

The stock decreased 3.33% or $1.8 during the last trading session, reaching $52.3. About 829,416 shares traded. Brunswick Corporation (NYSE:BC) has risen 28.08% since November 10, 2017 and is uptrending. It has outperformed by 12.46% the S&P500.

Brunswick Corporation designs, manufactures, and markets recreation products worldwide. The company has market cap of $4.54 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 40.67 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.

Brunswick Corporation (NYSE:BC) Institutional Positions Chart

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