Brunswick (NYSE:BC – Get Free Report) had its price target cut by Citigroup from $101.00 to $93.00 in a research note issued on Monday, Benzinga reports. The firm currently has a “buy” rating on the stock. Citigroup‘s price objective would indicate a potential upside of 17.34% from the stock’s current price.
Several other equities research analysts have also recently weighed in on BC. Truist Financial dropped their price objective on Brunswick from $94.00 to $81.00 and set a “buy” rating for the company in a report on Friday, October 23rd. Robert W. Baird set a $92.00 target price on Brunswick in a research note on Friday, July 31st. William Blair set a $94.00 target price on Brunswick in a research note on Thursday, August 13th. DA Davidson restated a “neutral” rating and set a $76.00 target price on shares of Brunswick in a report on Monday, August 17th. Finally, Morgan Stanley set a $74.00 price target on shares of Brunswick in a report on Monday, October 26th. One equities research analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating, six have assigned a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat, the stock presently has a consensus rating of “Hold” and an average price target of $83.75.
Get Our Latest Stock Report on BC
Brunswick Trading Up 5.2%
Shares of BC stock traded up $3.92 during mid-day trading on Monday, reaching $79.26. The stock had a trading volume of 444,937 shares, compared to its average volume of 817,451. The firm has a market capitalization of $5.14 billion, a PE ratio of 24.53 and a beta of 1.40. The stock’s 50-day moving average price is $68.90 and its two-hundred day moving average price is $77.45. The company has a current ratio of 1.51, a quick ratio of 0.62 and a debt-to-equity ratio of 1.07. Brunswick has a 52-week low of $59.06 and a 52-week high of $90.25.
Brunswick (NYSE:BC – Get Free Report) last posted its earnings results on Thursday, October 29th. The company reported $1.58 earnings per share for the quarter, topping analysts’ consensus estimates of $1.35 by $0.23. The company had revenue of $1.45 billion during the quarter, compared to analyst estimates of $1.46 billion. Brunswick had a net margin of 3.69% and a return on equity of 17.51%. Brunswick’s revenue for the quarter was up 6.9% on a year-over-year basis. During the same period in the prior year, the business posted $0.97 earnings per share. Equities analysts expect that Brunswick will post 4.65 earnings per share for the current fiscal year.
Institutional Trading of Brunswick
Several institutional investors have recently bought and sold shares of the company. Commonwealth Equity Services LLC boosted its position in shares of Brunswick by 55.0% during the third quarter. Commonwealth Equity Services LLC now owns 6,657 shares of the company’s stock valued at $428,000 after buying an additional 2,361 shares during the last quarter. Chicago Partners Investment Group LLC purchased a new position in Brunswick in the 3rd quarter worth about $322,000. Garner Asset Management Corp raised its position in Brunswick by 2.5% in the 3rd quarter. Garner Asset Management Corp now owns 21,468 shares of the company’s stock worth $1,419,000 after buying an additional 517 shares during the last quarter. Vise Technologies Inc. lifted its stake in Brunswick by 17.8% during the 3rd quarter. Vise Technologies Inc. now owns 6,677 shares of the company’s stock valued at $429,000 after acquiring an additional 1,010 shares during the period. Finally, Parcion Private Wealth LLC bought a new position in Brunswick during the 3rd quarter valued at about $217,000. 99.34% of the stock is owned by hedge funds and other institutional investors.
Brunswick Company Profile
Brunswick Corporation (NYSE:BC) is a marine recreation company that designs, manufactures and distributes products used in boating and related recreational activities. Its portfolio includes marine propulsion systems, boats, engines, electronics, boat control systems and other components, as well as parts and accessories.
The company’s marine businesses include Mercury Marine, which produces outboard, sterndrive and inboard engines, and a range of boat brands such as Boston Whaler, Sea Ray, Bayliner, Lund, Harris and Princecraft.
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