Brunswick (NYSE:BC) a Buy or a Sell? What does JP Morgan Think?


How JP Morgan Currently Rates Brunswick (NYSE:BC)

JP Morgan issued “Overweight” rating on Brunswick (NYSE:BC). The firm launched coverage on shares of BC in a recent research report disseminated on Wednesday, 16 December.

From a total of 14 analysts covering Brunswick (NYSE:BC) stock, 14 rate it a ”Buy”, 0 a “Sell”, and 1 a ”Hold”. This means that 93% of the ratings are positive. The highest target price is $70 while the lowest target price is $55. The mean of all analyst targets is $61.71 with a 25.74% above today’s ($50.9) stock price. Brunswick was the topic of 3 analyst reports since September 4, 2015 according to the firm StockzIntelligence Inc. BMO Capital Markets maintained shares on October 30 with “Outperform” rating. Wedbush maintained BC stock in a recent report from September 4 with “Outperform” rating.

Approximately 368,326 shares of stock traded hands. Brunswick Corporation (NYSE:BC) has declined 3.24% since May 13, 2015 and is downtrending. It has underperformed by 0.61% the S&P500.

The overall sentiment of institutions has increased to 0.96 in Q2 2015. Its up 0.10, from 0.86 in 2015Q2. The ratio improved, as 29 institutions have sold all the shares of Brunswick Corporation that they owned while 112 funds have taken shares off the table. 33 funds have purchased shares for the first time while 102 added to their positions. These institutions now hold 92.83 million shares or 3.42% more than the 89.76 million shares they owned in 2015Q2.

The Fund Daruma Capital Management Llc currently is holding shares equating to 3.85% of its total portfolio in Brunswick Corporation representing a total of 1.31 million shares. Another fund,Davidson Kempner Capital Management Lp, is holding a total of 1.31 million shares equating to 2.1% of their holdings. Additionally, Skyline Asset Management Lp has a 515,700 share stake in Brunswick Corporation which represents 1.86% of their total portfolio. The Fund, Wedge Capital Management L L P Nc, based out of North Carolina, has also built up a stake in the stock, which represents a total of 1.72% of their total portfolio. Finally Ferguson Wellman Capital Management Inc, a fund which is based in the state of Oregon reported a total holdings of 638,095 shares.

Insider activity is a very important aspect to track on any stock. Going back to June 19, 2015, shareholders of Brunswick Corporation have witnessed 0 buys, and a total of 2 selling transactions equating to a net activity of approximately $1.43 million . Pfeifer John C sold 7,660 shares worth approximately $414,414. Lockridge B Russell sold 19,011 shares worth approximately $1.02M. Lowe Alan L sold 20,000 shares worth approximately $1.08M.

Brunswick Corporation is a designer, maker and marketer of recreation products, including marine engines, boats, fitness and billiards equipment. The company has a market cap of $4.48 billion. The Firm operates in three divisions: Marine Engine, Boat and Fitness. It has 20.56 P/E ratio. Brunswick’s engine-related products include outboard, sterndrive and inboard engines; trolling motors; propellers; engine control systems, and marine parts and accessories.

According to Zacks Investment Research, “Brunswick Corporation is a manufacturer and marketer of leading consumer brands in four segments: Marine Engines, Boats, Fitness and Bowling & Billiards. The company also owns and operates: Brunswick bowling centers across the United States and internationally; Land ‘N’ Sea, a distributor of marine parts and accessories; and Omni Fitness, a chain of specialty fitness equipment retail stores.”