Benchmark Cuts Brunswick (NYSE:BC) Price Target to $90.00

Brunswick (NYSE:BC) had its price target cut by Benchmark from $100.00 to $90.00 in a research report sent to investors on Friday,Benzinga reports. They currently have a buy rating on the stock.

Other analysts also recently issued reports about the stock. Truist Financial cut their target price on shares of Brunswick from $90.00 to $85.00 and set a “buy” rating on the stock in a research note on Tuesday, January 7th. Stifel Nicolaus dropped their price target on Brunswick from $95.00 to $86.00 and set a “buy” rating on the stock in a research report on Wednesday, January 15th. Morgan Stanley raised their price objective on Brunswick from $64.00 to $65.00 and gave the stock an “equal weight” rating in a research report on Friday. Roth Mkm lowered their target price on Brunswick from $91.00 to $85.00 and set a “buy” rating on the stock in a research note on Friday, January 24th. Finally, B. Riley lowered shares of Brunswick from a “buy” rating to a “neutral” rating and reduced their price target for the stock from $95.00 to $88.00 in a research report on Tuesday, November 26th. Six analysts have rated the stock with a hold rating and seven have issued a buy rating to the stock. Based on data from MarketBeat.com, Brunswick currently has an average rating of “Moderate Buy” and a consensus target price of $81.85.

Brunswick Trading Down 2.3 %

NYSE:BC opened at $67.45 on Friday. The stock has a fifty day simple moving average of $70.37 and a 200 day simple moving average of $76.49. The firm has a market capitalization of $4.45 billion, a price-to-earnings ratio of 16.78 and a beta of 1.54. Brunswick has a 1-year low of $62.64 and a 1-year high of $96.65. 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 (NYSE:BC) last announced its earnings results on Thursday, January 30th. The company reported $0.24 EPS for the quarter, topping the consensus estimate of $0.18 by $0.06. Brunswick had a net margin of 5.02% and a return on equity of 19.15%. During the same period in the previous year, the business earned $1.45 earnings per share. Sell-side analysts forecast that Brunswick will post 4.51 earnings per share for the current year.

Institutional Trading of Brunswick

Large investors have recently added to or reduced their stakes in the business. Massachusetts Financial Services Co. MA raised its holdings in shares of Brunswick by 17.1% during the 3rd quarter. Massachusetts Financial Services Co. MA now owns 3,090,078 shares of the company’s stock valued at $259,010,000 after purchasing an additional 452,116 shares in the last quarter. Janus Henderson Group PLC raised its holdings in Brunswick by 1,120.5% during the third quarter. Janus Henderson Group PLC now owns 354,631 shares of the company’s stock valued at $29,725,000 after buying an additional 325,574 shares in the last quarter. Lightrock Netherlands B.V. acquired a new stake in shares of Brunswick in the fourth quarter worth about $16,400,000. Lord Abbett & CO. LLC boosted its stake in shares of Brunswick by 50.2% during the 3rd quarter. Lord Abbett & CO. LLC now owns 683,943 shares of the company’s stock worth $57,328,000 after acquiring an additional 228,662 shares in the last quarter. Finally, New York State Common Retirement Fund increased its holdings in shares of Brunswick by 447.5% during the 3rd quarter. New York State Common Retirement Fund now owns 271,681 shares of the company’s stock valued at $22,772,000 after acquiring an additional 222,062 shares during the last quarter. 99.34% of the stock is 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.