Benchmark Forecasts Strong Price Appreciation for Brunswick (NYSE:BC) Stock

Brunswick (NYSE:BC) had its target price lifted by analysts at Benchmark from $70.00 to $75.00 in a research report issued to clients and investors on Friday, Marketbeat.com reports. The firm currently has a “buy” rating on the stock. Benchmark’s target price suggests a potential upside of 4.36% from the company’s previous close.

Several other research firms have also recently weighed in on BC. B. Riley boosted their price objective on Brunswick from $60.00 to $70.00 and gave the stock a “neutral” rating in a research report on Monday, September 8th. BMO Capital Markets boosted their price objective on Brunswick from $65.00 to $75.00 and gave the stock an “outperform” rating in a research report on Friday. Roth Capital upped their price target on Brunswick from $60.00 to $68.00 and gave the company a “buy” rating in a research report on Wednesday, July 23rd. JPMorgan Chase & Co. upped their price target on Brunswick from $63.00 to $70.00 and gave the company a “neutral” rating in a research report on Tuesday, September 23rd. Finally, Robert W. Baird upped their price target on Brunswick from $60.00 to $70.00 and gave the company a “neutral” rating in a research report on Friday. Seven investment analysts have rated the stock with a Buy rating and nine have given a Hold rating to the company. According to data from MarketBeat.com, Brunswick has an average rating of “Hold” and a consensus price target of $72.15.

Brunswick Stock Up 1.7%

Shares of NYSE:BC opened at $71.87 on Friday. The stock has a market cap of $4.70 billion, a price-to-earnings ratio of -19.74 and a beta of 1.36. The company has a quick ratio of 0.70, a current ratio of 1.78 and a debt-to-equity ratio of 1.28. Brunswick has a 12-month low of $41.00 and a 12-month high of $87.65. The business’s 50 day moving average is $64.27 and its 200 day moving average is $57.56.

Brunswick (NYSE:BC) last posted its quarterly earnings data on Thursday, October 23rd. The company reported $0.97 earnings per share for the quarter, topping the consensus estimate of $0.84 by $0.13. Brunswick had a positive return on equity of 10.55% and a negative net margin of 4.60%.The business had revenue of $1.36 billion for the quarter, compared to analysts’ expectations of $1.26 billion. During the same quarter in the previous year, the firm earned $1.17 earnings per share. The business’s revenue was up 6.8% on a year-over-year basis. Brunswick has set its FY 2025 guidance at 3.250-3.25 EPS. On average, sell-side analysts forecast that Brunswick will post 4.19 earnings per share for the current fiscal year.

Institutional Trading of Brunswick

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Hudson Edge Investment Partners Inc. raised its stake in shares of Brunswick by 63.2% during the 1st quarter. Hudson Edge Investment Partners Inc. now owns 12,361 shares of the company’s stock valued at $666,000 after purchasing an additional 4,787 shares during the period. Bank of New York Mellon Corp increased its stake in Brunswick by 0.6% in the 1st quarter. Bank of New York Mellon Corp now owns 770,820 shares of the company’s stock worth $41,509,000 after acquiring an additional 4,311 shares during the last quarter. GAMMA Investing LLC increased its stake in Brunswick by 59.3% in the 1st quarter. GAMMA Investing LLC now owns 1,276 shares of the company’s stock worth $69,000 after acquiring an additional 475 shares during the last quarter. Wealth Enhancement Advisory Services LLC increased its stake in Brunswick by 7.1% in the 1st quarter. Wealth Enhancement Advisory Services LLC now owns 7,349 shares of the company’s stock worth $396,000 after acquiring an additional 484 shares during the last quarter. Finally, Allianz Asset Management GmbH increased its stake in Brunswick by 125.2% in the 1st quarter. Allianz Asset Management GmbH now owns 10,047 shares of the company’s stock worth $541,000 after acquiring an additional 5,585 shares during the last quarter. 99.34% of the stock is currently owned by institutional investors.

About Brunswick

Brunswick Corporation designs, manufactures, and markets recreation products in the United States, Europe, the Asia-Pacific, Canada, and internationally. It operates through four segments: Propulsion, Engine P&A, Navico Group, and Boat. The Propulsion segment provides outboard, sterndrive, inboard engines, propulsion-related controls, rigging, and propellers for boat builders through marine retail dealers under the Mercury, Mercury MerCruiser, Mariner, Mercury Racing, Mercury Diesel, Avator, and Fliteboard brands.