After Citigroup and RBC Capital gave Brunswick Corporation (NYSE: BC) a Buy rating last month, the company received another Buy, this time from B.Riley FBR. Analyst Eric Wold reiterated a Buy rating on Brunswick Corporation today and set a price target of $84. The company’s shares closed yesterday at $52.37.
Wold wrote:
“We are revisiting Brunswick Corporation (BC) as we approach the projected catalyst around the separation (and likely sale) of the fitness business with a more optimistic view around demand and margin trends for the core marine business that will be remaining—and are increasing our estimates accordingly.”
According to TipRanks.com, Wold is ranked 0 out of 5 stars with an average return of -4.5% and a 38.9% success rate. Wold covers the Services sector, focusing on stocks such as Cinemark Holdings Inc, National Cinemedia, and AMC Entertainment.
Currently, the analyst consensus on Brunswick Corporation is a Strong Buy with an average price target of $63.67, implying a 21.6% upside from current levels. In a report issued on February 25, J.P. Morgan also upgraded the stock to Buy with a $67 price target.
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Brunswick Corporation’s market cap is currently $4.54B and has a P/E ratio of 17.55. The company has a Price to Book ratio of 2.87.
Based on the recent corporate insider activity of 76 insiders, corporate insider sentiment is negative on the stock.
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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.
