DA Davidson Lowers Brunswick (NYSE:BC) Price Target to $60.00

Brunswick (NYSE:BC) had its price objective lowered by stock analysts at DA Davidson from $80.00 to $60.00 in a research note issued to investors on Wednesday,Benzinga reports. The brokerage currently has a “neutral” rating on the stock. DA Davidson’s price objective suggests a potential downside of 12.31% from the company’s current price.

BC has been the topic of a number of other reports. Truist Financial dropped their target price on Brunswick from $90.00 to $85.00 and set a “buy” rating on the stock in a research report on Tuesday, January 7th. Morgan Stanley lowered their target price on Brunswick from $78.00 to $64.00 and set an “equal weight” rating for the company in a report on Tuesday. Citigroup upped their target price on Brunswick from $92.00 to $101.00 and gave the company a “buy” rating in a report on Friday, September 27th. Benchmark reiterated a “buy” rating and set a $100.00 price objective on shares of Brunswick in a research report on Friday, October 25th. Finally, Stifel Nicolaus reduced their price objective on Brunswick from $95.00 to $86.00 and set a “buy” rating for the company in a research report on Wednesday, January 15th. Six research analysts have rated the stock with a hold rating and seven have given a buy rating to the stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $84.46.

Brunswick Trading Up 1.3 %

Shares of BC opened at $68.42 on Wednesday. Brunswick has a 12 month low of $62.64 and a 12 month high of $96.65. The stock has a market cap of $4.51 billion, a PE ratio of 17.02 and a beta of 1.54. The company has a debt-to-equity ratio of 1.17, a current ratio of 1.97 and a quick ratio of 0.74. The stock’s 50-day moving average is $71.76 and its two-hundred day moving average is $76.79.

Insider Buying and Selling at Brunswick

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

Institutional Investors Weigh In On Brunswick

Large investors have recently bought and sold shares of the business. V Square Quantitative Management LLC bought a new stake in Brunswick in the third quarter worth $26,000. Armstrong Advisory Group Inc. bought a new stake in Brunswick during the fourth quarter valued at about $39,000. Avior Wealth Management LLC boosted its holdings in Brunswick by 1,073.7% during the third quarter. Avior Wealth Management LLC now owns 669 shares of the company’s stock valued at $56,000 after acquiring an additional 612 shares during the period. Covestor Ltd lifted its stake in shares of Brunswick by 669.0% in the third quarter. Covestor Ltd now owns 969 shares of the company’s stock valued at $81,000 after buying an additional 843 shares during the period. Finally, GAMMA Investing LLC lifted its stake in shares of Brunswick by 92.5% in the third quarter. GAMMA Investing LLC now owns 1,155 shares of the company’s stock valued at $97,000 after buying an additional 555 shares during the period. 99.34% of the stock is currently owned by 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.