Briggs & Stratton (BGG) Downgraded to “Sell” at ValuEngine

Briggs & Stratton (NYSE:BGG) was downgraded by investment analysts at ValuEngine from a “hold” rating to a “sell” rating in a research report issued on Friday, ValuEngine reports.

Several other equities analysts have also weighed in on the stock. Robert W. Baird set a $14.00 price objective on shares of Briggs & Stratton and gave the company a “hold” rating in a research report on Friday, January 25th. Zacks Investment Research upgraded shares of Briggs & Stratton from a “strong sell” rating to a “hold” rating in a research report on Wednesday, April 17th. Two analysts have rated the stock with a sell rating, two have given a hold rating and one has assigned a buy rating to the company’s stock. The stock has an average rating of “Hold” and a consensus target price of $17.50.

NYSE:BGG opened at $10.81 on Friday. Briggs & Stratton has a twelve month low of $10.15 and a twelve month high of $21.40. The company has a debt-to-equity ratio of 0.39, a current ratio of 1.34 and a quick ratio of 0.50. The stock has a market cap of $466.03 million, a PE ratio of 8.38 and a beta of 0.89.

Briggs & Stratton (NYSE:BGG) last posted its quarterly earnings data on Thursday, April 25th. The industrial products company reported $0.34 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.66 by ($0.32). Briggs & Stratton had a negative net margin of 2.54% and a positive return on equity of 4.22%. The business had revenue of $580.20 million for the quarter, compared to the consensus estimate of $575.35 million. During the same quarter last year, the business posted $0.84 EPS. The business’s revenue for the quarter was down 4.0% on a year-over-year basis. Equities research analysts expect that Briggs & Stratton will post 0.49 earnings per share for the current year.

Several large investors have recently bought and sold shares of the company. Brandes Investment Partners LP boosted its holdings in shares of Briggs & Stratton by 21.6% in the first quarter. Brandes Investment Partners LP now owns 4,465,929 shares of the industrial products company’s stock worth $52,832,000 after buying an additional 793,235 shares during the period. Vanguard Group Inc boosted its holdings in shares of Briggs & Stratton by 1.3% in the third quarter. Vanguard Group Inc now owns 4,281,700 shares of the industrial products company’s stock worth $82,337,000 after buying an additional 55,070 shares during the period. Vanguard Group Inc. boosted its holdings in shares of Briggs & Stratton by 1.3% in the third quarter. Vanguard Group Inc. now owns 4,281,700 shares of the industrial products company’s stock worth $82,337,000 after buying an additional 55,070 shares during the period. LSV Asset Management boosted its holdings in shares of Briggs & Stratton by 1.3% in the fourth quarter. LSV Asset Management now owns 2,356,917 shares of the industrial products company’s stock worth $30,828,000 after buying an additional 31,300 shares during the period. Finally, Bank of New York Mellon Corp boosted its holdings in shares of Briggs & Stratton by 11.2% in the fourth quarter. Bank of New York Mellon Corp now owns 781,776 shares of the industrial products company’s stock worth $10,225,000 after buying an additional 78,981 shares during the period. Institutional investors own 84.27% of the company’s stock.

Briggs & Stratton Company Profile

Briggs & Stratton Corporation designs, manufactures, markets, sells, and services gasoline engines for outdoor power equipment to the original equipment manufacturers in the United States. It operates in two segments, Engines and Products. The Engines segment offers four-cycle aluminum alloy gasoline engines that are used primarily by the lawn and garden equipment industry.

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