Briggs & Stratton (NYSE:BGG) Rating Change

Investment analysts at Northcoast’s equities division upped Briggs & Stratton (NYSE:BGG)’s stock from Neutral to Buy on 30 January.

This rating upgrade is welcomed by equity trades, as NYSE:BGG is at the moment trading 5.72% higher at $21.98 as of 8:01 AM New York time. Briggs & Stratton shares have [From2] 0% in the last 200 days, while the S&P 500 Index has added 10.19% in the same time.

According to data compiled by Thomson Reuters, Briggs & Stratton (NYSE:BGG)’s stock is covered by 4 equity analysts across the Street, with 0 analysts giving it a Sell rating, 2 a Buy rating, while 3 consider it a Hold. The 12-month consensus target price for the stock is $23, which reflects an upside potential of 4.64% over the current price.

Institutional Ownership

Daruma Capital Management Llc had the most significant stake with ownership of 2.18M shares as of Q2 2015 for 2.48% of the long stock exposure. Salem Capital Management Inc is another bullish investment professional who is owning 197,475 shares of Briggs & Stratton or 2.02% of their long stock exposure. Also, Netols Asset Management Inc. have 1.46% of their long stock exposure invested in the company for 352,468 shares. The California-based fund Harvest Capital Strategies Llc disclosed it had acquired a stake worth about 0.89% of the investment professional’s stock portfolio in Briggs & Stratton. The New York-based fund Walthausen & Co. Llc is also positive about the stock, possessing 330,000 shares or 0.88% of their long stock exposure.

Briggs & Stratton (NYSE:BGG) Profile

Briggs & Stratton Corporation is a producer of gasoline engines for outdoor power equipment. The Company designs, manufactures, markets, sells and services the various products for original equipment manufacturers (OEMs) around the world. It also markets and sells related service parts and accessories for its engines.

Briggs & Stratton (NYSE:BGG) traded up 5.72% on 30 January, hitting $21.98. A total of 354,864 shares of the company’s stock traded hands. This is down from average of 401,259 shares. Briggs & Stratton has a 52 week low of $17.90 and a 52 week high of $24.48. The company has a market cap of $936.43 million and a P/E ratio of 28.92.

Get the latest Briggs & Stratton (NYSE:BGG) Stock Ratings at Octafinance. Completely free access to our Analyst Ratings Database for 6000+ stocks.

The post Northcoast Upgrades Briggs & Stratton (NYSE:BGG) to Buy From Neutral Rating appeared first on Octafinance.