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 $52.67.
Wold commented:
“11/4), we hosted Brunswick Corporation (BC) management for a two-day NDR. Given the upcoming CEO transition, we were able to offer investors a unique opportunity to meet with a variety of management—as the first day included Bill Metzger (CFO) and Ryan Gwillim (VP , IR), while the second day included Mark Schwabero (outgoing Foulkes (President, and CTO as well as incoming CEO) and Ryan Gwillim. Products acquisition completed, a more profitable Sea Ray brand remaining and the the fitness business separation now in hand, we believe investors can now focus on the stronger Marine operations —especially with the Form 10 providing more clarity on the timing around that catalyst.”
According to TipRanks.com, Wold is a 4-star analyst with an average return of 3.3% and a 46.3% 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 $67.80 average price target, which is a 28.7% upside from current levels. In a report issued on November 6, Citigroup also maintained a Buy rating on the stock with a $66 price target.
.
See today’s analyst top recommended stocks >>
Brunswick Corporation’s market cap is currently $4.57B and has a P/E ratio of 44.02. The company has a Price to Book ratio of 2.93.
TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.
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.
