Stifel Nicolaus Issues Pessimistic Forecast for Brunswick (NYSE:BC) Stock Price

Brunswick (NYSE:BC) had its target price dropped by equities research analysts at Stifel Nicolaus from $95.00 to $86.00 in a research report issued on Wednesday,Benzinga reports. The brokerage presently has a “buy” rating on the stock. Stifel Nicolaus’ price target would suggest a potential upside of 27.29% from the stock’s previous close.

Several other analysts have also recently issued reports on the company. Benchmark restated a “buy” rating and issued a $100.00 target price on shares of Brunswick in a report on Friday, October 25th. Citigroup upped their price objective on shares of Brunswick from $92.00 to $101.00 and gave the company a “buy” rating in a report on Friday, September 27th. B. Riley lowered shares of Brunswick from a “buy” rating to a “neutral” rating and decreased their target price for the company from $95.00 to $88.00 in a report on Tuesday, November 26th. Finally, Truist Financial dropped their price target on shares of Brunswick from $90.00 to $85.00 and set a “buy” rating for the company in a research note on Tuesday, January 7th. Six investment analysts have rated the stock with a hold rating and seven have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $87.46.

Brunswick Trading Up 0.4 %

BC stock opened at $67.56 on Wednesday. The business’s 50-day moving average is $73.47 and its 200 day moving average is $76.92. Brunswick has a 12-month low of $62.64 and a 12-month high of $96.65. The stock has a market cap of $4.46 billion, a price-to-earnings ratio of 16.81 and a beta of 1.54. The company has a current ratio of 1.97, a quick ratio of 0.74 and a debt-to-equity ratio of 1.17.

Insider Activity

In other Brunswick news, Director Nancy E. Cooper sold 366 shares of Brunswick stock in a transaction that occurred on Friday, November 1st. The shares were sold at an average price of $80.19, for a total transaction of $29,349.54. Following the transaction, the director now directly owns 24,557 shares of the company’s stock, valued at $1,969,225.83. The trade was a 1.47 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, CEO David M. Foulkes sold 23,829 shares of the company’s stock in a transaction on Thursday, October 31st. The stock was sold at an average price of $80.22, for a total transaction of $1,911,562.38. Following the sale, the chief executive officer now directly owns 251,094 shares of the company’s stock, valued at approximately $20,142,760.68. This trade represents a 8.67 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 28,940 shares of company stock valued at $2,321,176 in the last ninety days. Company insiders own 0.81% of the company’s stock.

Institutional Investors Weigh In On Brunswick

Several hedge funds have recently modified their holdings of BC. Nisa Investment Advisors LLC lifted its holdings in Brunswick by 0.5% in 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 in the last quarter. Inspire Investing LLC increased its position in shares of Brunswick by 2.8% during 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 during the last quarter. Wealth Enhancement Advisory Services LLC lifted its stake in shares of Brunswick by 3.9% in the third quarter. Wealth Enhancement Advisory Services LLC now owns 4,647 shares of the company’s stock worth $390,000 after acquiring an additional 174 shares in the last quarter. CWM LLC raised its position in shares of Brunswick by 21.6% in the 3rd quarter. CWM LLC now owns 1,323 shares of the company’s stock valued at $111,000 after purchasing an additional 235 shares in the last quarter. Finally, US Bancorp DE boosted its stake in shares of Brunswick by 3.0% during the 3rd quarter. US Bancorp DE now owns 8,214 shares of the company’s stock valued at $689,000 after buying an additional 241 shares during the last quarter. 99.34% of the stock is currently owned by hedge funds and other institutional investors.

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.