Analysts Set Brunswick Co. (NYSE:BC) Price Target at $81.85

Brunswick Co. (NYSE:BC) has been assigned a consensus rating of “Moderate Buy” from the thirteen analysts that are currently covering the firm, MarketBeat reports. Six equities research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. The average twelve-month target price among brokerages that have issued ratings on the stock in the last year is $81.85.

Several equities research analysts have recently issued reports on the stock. Benchmark dropped their price objective on shares of Brunswick from $100.00 to $90.00 and set a “buy” rating for the company in a research report on Friday, January 31st. Morgan Stanley raised their price objective on Brunswick from $64.00 to $65.00 and gave the company an “equal weight” rating in a research report on Friday, January 31st. DA Davidson decreased their target price on Brunswick from $80.00 to $60.00 and set a “neutral” rating for the company in a research report on Wednesday, January 22nd. Stifel Nicolaus dropped their target price on Brunswick from $95.00 to $86.00 and set a “buy” rating on the stock in a report on Wednesday, January 15th. Finally, Truist Financial decreased their price target on Brunswick from $90.00 to $85.00 and set a “buy” rating for the company in a report on Tuesday, January 7th.

Insider Activity at Brunswick

In other Brunswick news, Director Nancy E. Cooper sold 433 shares of the stock in a transaction on Monday, February 3rd. The stock was sold at an average price of $65.65, for a total transaction of $28,426.45. Following the completion of the transaction, the director now directly owns 25,361 shares of the company’s stock, valued at approximately $1,664,949.65. This trade represents a 1.68 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Company insiders own 0.81% of the company’s stock.

Institutional Trading of Brunswick

A number of hedge funds and other institutional investors have recently made changes to their positions in the business. Nisa Investment Advisors LLC raised its holdings in Brunswick by 0.5% during the 3rd quarter. Nisa Investment Advisors LLC now owns 26,731 shares of the company’s stock worth $2,241,000 after buying an additional 145 shares during the period. Inspire Investing LLC increased its position in shares of Brunswick by 2.8% in the third quarter. Inspire Investing LLC now owns 5,545 shares of the company’s stock worth $465,000 after acquiring an additional 153 shares in the last quarter. Wealth Enhancement Advisory Services LLC raised its holdings in shares of Brunswick by 3.9% during the third quarter. Wealth Enhancement Advisory Services LLC now owns 4,647 shares of the company’s stock valued at $390,000 after acquiring an additional 174 shares during the period. Pacer Advisors Inc. lifted its position in shares of Brunswick by 2.0% in the 4th quarter. Pacer Advisors Inc. now owns 9,861 shares of the company’s stock valued at $638,000 after acquiring an additional 190 shares in the last quarter. Finally, CWM LLC boosted its stake in Brunswick by 21.6% in the 3rd quarter. CWM LLC now owns 1,323 shares of the company’s stock worth $111,000 after purchasing an additional 235 shares during the period. 99.34% of the stock is currently owned by institutional investors.

Brunswick Trading Up 0.4 %

Shares of BC opened at $65.81 on Friday. Brunswick has a fifty-two week low of $62.64 and a fifty-two week high of $96.65. The company has a market capitalization of $4.34 billion, a PE ratio of 34.64 and a beta of 1.54. The stock has a fifty day moving average of $68.28 and a two-hundred day moving average of $75.92. The company has a debt-to-equity ratio of 1.11, a quick ratio of 0.63 and a current ratio of 1.65.

Brunswick (NYSE:BC) last posted its quarterly earnings data on Thursday, January 30th. The company reported $0.24 EPS for the quarter, beating analysts’ consensus estimates of $0.18 by $0.06. Brunswick had a net margin of 2.48% and a return on equity of 15.41%. During the same quarter in the prior year, the company posted $1.45 earnings per share. As a group, analysts forecast that Brunswick will post 4.2 EPS for the current year.

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.