Wall Street Zen Downgrades Brunswick (NYSE:BC) to Hold

Brunswick (NYSE:BC) was downgraded by research analysts at Wall Street Zen from a “buy” rating to a “hold” rating in a report released on Saturday.

A number of other research firms have also issued reports on BC. Benchmark upped their target price on shares of Brunswick from $70.00 to $75.00 and gave the stock a “buy” rating in a report on Friday. Jefferies Financial Group reaffirmed a “hold” rating and set a $65.00 target price on shares of Brunswick in a report on Thursday. Roth Capital upped their target price on shares of Brunswick from $60.00 to $68.00 and gave the stock a “buy” rating in a report on Wednesday, July 23rd. Truist Financial upped their target price on shares of Brunswick from $60.00 to $68.00 and gave the stock a “buy” rating in a report on Wednesday, October 15th. Finally, B. Riley upped their target price on shares of Brunswick from $60.00 to $70.00 and gave the stock a “neutral” rating in a report on Monday, September 8th. Seven analysts have rated the stock with a Buy rating and nine have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Hold” and a consensus price target of $72.15.

Brunswick Price Performance

Brunswick stock opened at $71.87 on Friday. Brunswick has a 52-week low of $41.00 and a 52-week high of $87.65. The firm has a market capitalization of $4.70 billion, a price-to-earnings ratio of -19.74 and a beta of 1.36. The company has a fifty day simple moving average of $64.27 and a 200-day simple moving average of $57.62. The company has a quick ratio of 0.73, a current ratio of 1.78 and a debt-to-equity ratio of 1.28.

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

Institutional Investors Weigh In On Brunswick

A number of hedge funds have recently modified their holdings of the company. Massachusetts Financial Services Co. MA grew its holdings in shares of Brunswick by 1.3% in the second quarter. Massachusetts Financial Services Co. MA now owns 3,482,887 shares of the company’s stock valued at $192,395,000 after purchasing an additional 43,361 shares during the period. Dimensional Fund Advisors LP boosted its stake in Brunswick by 20.2% during the first quarter. Dimensional Fund Advisors LP now owns 2,504,407 shares of the company’s stock worth $134,857,000 after buying an additional 420,369 shares during the period. Deprince Race & Zollo Inc. boosted its stake in Brunswick by 2.5% during the third quarter. Deprince Race & Zollo Inc. now owns 1,852,050 shares of the company’s stock worth $117,124,000 after buying an additional 44,431 shares during the period. American Century Companies Inc. boosted its stake in Brunswick by 22.7% during the second quarter. American Century Companies Inc. now owns 1,472,467 shares of the company’s stock worth $81,339,000 after buying an additional 272,815 shares during the period. Finally, Alliancebernstein L.P. boosted its stake in Brunswick by 23.2% during the second quarter. Alliancebernstein L.P. now owns 1,420,922 shares of the company’s stock worth $78,492,000 after buying an additional 267,479 shares during the period. Hedge funds and other institutional investors own 99.34% of the company’s stock.

Brunswick Company Profile

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.