Sterne Agee CRT reaffirmed their buy rating on shares of Brunswick Co. (NYSE:BC) in a report published on Sunday morning, MarketBeat.com reports. Sterne Agee CRT currently has a $60.00 price objective on the stock.

Brunswick (NYSE:BC) opened at 39.85 on Friday. The stock’s 50 day moving average is $45.94 and its 200 day moving average is $50.06. Brunswick has a 52 week low of $36.05 and a 52 week high of $56.63. The stock has a market cap of $3.67 billion and a PE ratio of 15.58.

Brunswick (NYSE:BC) last announced its quarterly earnings results on Thursday, January 28th. The company reported $0.52 earnings per share for the quarter, topping the consensus estimate of $0.45 by $0.07. The business earned $986.10 million during the quarter, compared to analysts’ expectations of $999.32 million. Brunswick’s revenue for the quarter was up 5.1% on a year-over-year basis. During the same period in the previous year, the company posted $0.33 EPS. Analysts predict that Brunswick will post $3.45 EPS for the current year.

A number of hedge funds have recently added to or reduced their stakes in the stock. Frontier Capital Management Co. LLC raised its stake in Brunswick by 2.9% in the fourth quarter. Frontier Capital Management Co. LLC now owns 1,601,453 shares of the company’s stock valued at $80,889,000 after buying an additional 45,272 shares in the last quarter. Livforsakringsbolaget Skandia Omsesidigt raised its stake in Brunswick by 959.5% in the fourth quarter. Livforsakringsbolaget Skandia Omsesidigt now owns 44,500 shares of the company’s stock valued at $2,248,000 after buying an additional 40,300 shares in the last quarter. First Quadrant L P CA raised its stake in Brunswick by 57.9% in the fourth quarter. First Quadrant L P CA now owns 104,500 shares of the company’s stock valued at $5,278,000 after buying an additional 38,300 shares in the last quarter. Russell Frank Co raised its stake in Brunswick by 11.9% in the fourth quarter. Russell Frank Co now owns 244,312 shares of the company’s stock valued at $12,518,000 after buying an additional 25,952 shares in the last quarter. Finally, Louisiana State Employees Retirement System purchased a new stake in Brunswick during the fourth quarter valued at approximately $1,273,000.

A number of other research firms have also recently commented on BC. B. Riley reissued a buy rating and set a $59.00 target price on shares of Brunswick in a research report on Monday, November 2nd. Wells Fargo reissued a buy rating on shares of Brunswick in a research report on Thursday, January 21st. Zacks Investment Research raised shares of Brunswick from a sell rating to a hold rating in a research report on Friday, October 23rd. Raymond James cut shares of Brunswick from an outperform rating to a market perform rating in a research report on Monday, January 11th. Finally, BMO Capital Markets increased their target price on shares of Brunswick from $62.00 to $70.00 and gave the company an outperform rating in a research report on Friday, October 30th. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating and ten have given a buy rating to the stock. The stock presently has a consensus rating of Buy and a consensus price target of $59.82.

Brunswick Corporation (NYSE:BC) is a designer, manufacturer and marketer of recreation products, including marine engines, boats, fitness and billiards equipment. The Company operates in three segments: 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; luxury yachts, 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 Company also sells a complete line of billiards tables and other gaming tables and accessories. The Company’s brands include Garelick parts and accessories; BLA parts and accessories distributors, and SCIFIT fitness equipment.

12 Month Chart for NYSE:BC

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