Citigroup Cuts Brunswick (NYSE:BC) Price Target to $85.00

Brunswick (NYSE:BC) had its price objective reduced by Citigroup from $92.00 to $85.00 in a report released on Tuesday,Benzinga reports. They currently have a buy rating on the stock.

Other research analysts have also issued reports about the company. DA Davidson reduced their target price on Brunswick from $80.00 to $60.00 and set a “neutral” rating on the stock in a report on Wednesday, January 22nd. Morgan Stanley reduced their target price on Brunswick from $78.00 to $64.00 and set an “equal weight” rating on the stock in a report on Tuesday, January 21st. Roth Mkm reduced their target price on Brunswick from $91.00 to $85.00 and set a “buy” rating on the stock in a report on Friday, January 24th. B. Riley lowered Brunswick from a “buy” rating to a “neutral” rating and reduced their target price for the stock from $95.00 to $88.00 in a report on Tuesday, November 26th. Finally, Benchmark reiterated a “buy” rating and set a $100.00 target price on shares of Brunswick in a report on Friday, October 25th. Six equities research analysts have rated the stock with a hold rating and seven have given a buy rating to the company. According to MarketBeat.com, Brunswick has an average rating of “Moderate Buy” and a consensus target price of $82.54.

Brunswick Stock Up 1.3 %

Shares of Brunswick stock opened at $69.04 on Tuesday. The company has a quick ratio of 0.74, a current ratio of 1.97 and a debt-to-equity ratio of 1.17. Brunswick has a 12 month low of $62.64 and a 12 month high of $96.65. The business has a fifty day simple moving average of $70.67 and a 200 day simple moving average of $76.65. The stock has a market cap of $4.56 billion, a PE ratio of 17.17 and a beta of 1.54.

Brunswick (NYSE:BC) last announced its quarterly earnings data on Thursday, January 30th. The company reported $0.24 EPS for the quarter, topping analysts’ consensus estimates of $0.18 by $0.06. Brunswick had a return on equity of 19.15% and a net margin of 5.02%. During the same quarter in the previous year, the firm earned $1.45 earnings per share. Research analysts predict that Brunswick will post 4.52 EPS for the current year.

Institutional Inflows and Outflows

Hedge funds have recently bought and sold shares of the stock. C2P Capital Advisory Group LLC d.b.a. Prosperity Capital Advisors acquired a new stake in shares of Brunswick in the 4th quarter valued at approximately $2,211,000. Van ECK Associates Corp lifted its stake in Brunswick by 21.7% in the fourth quarter. Van ECK Associates Corp now owns 125,017 shares of the company’s stock valued at $8,086,000 after acquiring an additional 22,324 shares during the last quarter. Peterson Wealth Services grew its position in shares of Brunswick by 6.8% in the 4th quarter. Peterson Wealth Services now owns 13,268 shares of the company’s stock valued at $858,000 after acquiring an additional 847 shares during the period. Lightrock Netherlands B.V. acquired a new position in shares of Brunswick during the 4th quarter worth about $16,400,000. Finally, Birch Hill Investment Advisors LLC raised its holdings in shares of Brunswick by 372.9% in the 4th quarter. Birch Hill Investment Advisors LLC now owns 22,592 shares of the company’s stock valued at $1,461,000 after purchasing an additional 17,815 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.