In a report released today, Eric Wold from B.Riley FBR reiterated a Buy rating on Brunswick Corporation (BC). The company’s shares closed yesterday at $50.32.
Wold observed:
“Before the open on Thursday (1/31), Brunswick Corporation (BC) reported 4Q18 results that came in ahead of expectations for both net sales and adjusted EPS. Ahead of the planned near- term separation (spin-off or sale) of the fitness division, we continue to believe the market position and strengthening underlying trends of the marine engine and P&A businesses as well as the solid outlook for the boat segment (after discontinuing some Sea Ray models) are undervalued by investors—especially with BC well positioned to benefit from continued boat-buyer trends towards higher HP engines and greater engine-to-boat ratios (and continued production gains expected to drive margin improvements throughout 2019).”
According to TipRanks.com, Wold is currently ranked with no stars on a 0-5 star ranking scale, with an average return of -2.8% and a 38.7% success rate. Wold covers the Services sector, focusing on stocks such as Reading International Inc, Cinemark Holdings Inc, and National Cinemedia.
The word on The Street in general, suggests a Strong Buy analyst consensus rating for Brunswick Corporation with a $65.17 average price target.
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The company has a one-year high of $69.82 and a one-year low of $41.92. Currently, Brunswick Corporation has an average volume of 893.2K.
Based on the recent corporate insider activity of 74 insiders, corporate insider sentiment is positive on the stock. This means that over the past quarter there has been an increase of insiders buying their shares of BC in relation to earlier this year.
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Brunswick Corp. engages in the design, manufacture, and marketing of recreation products, including marine engines, boats, fitness equipment, and active recreation products. It operates through the following segments: Marine Engine, Boat, and Fitness. The Marine segment manufactures and sells recreational marine engines and marine parts and accessories.
