Brunswick’s (BC) Buy Rating Reiterated at Benchmark

Brunswick (NYSE:BC)‘s stock had its “buy” rating restated by stock analysts at Benchmark in a research note issued on Friday, Benzinga reports. They currently have a $100.00 target price on the stock. Benchmark’s target price suggests a potential upside of 23.35% from the company’s current price.

BC has been the topic of several other research reports. Robert W. Baird cut their price objective on Brunswick from $95.00 to $93.00 and set an “outperform” rating on the stock in a research note on Friday, July 26th. Citigroup raised their target price on shares of Brunswick from $92.00 to $101.00 and gave the stock a “buy” rating in a report on Friday, September 27th. Roth Mkm reiterated a “buy” rating and set a $94.00 price objective on shares of Brunswick in a research report on Thursday, July 25th. JPMorgan Chase & Co. decreased their target price on Brunswick from $78.00 to $75.00 and set a “neutral” rating on the stock in a report on Wednesday, July 24th. Finally, Jefferies Financial Group reiterated a “hold” rating and issued a $70.00 price target (down previously from $115.00) on shares of Brunswick in a research report on Friday, July 26th. Six investment analysts have rated the stock with a hold rating and nine have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $89.23.

Brunswick Stock Performance

NYSE:BC traded up $1.11 during trading hours on Friday, reaching $81.07. 70,003 shares of the company’s stock were exchanged, compared to its average volume of 713,308. The company has a 50-day moving average of $80.20 and a 200 day moving average of $79.27. Brunswick has a 1-year low of $66.47 and a 1-year high of $99.68. The company has a quick ratio of 0.75, a current ratio of 1.70 and a debt-to-equity ratio of 1.18. The firm has a market capitalization of $5.48 billion, a price-to-earnings ratio of 15.09 and a beta of 1.51.

Brunswick (NYSE:BC) last issued its earnings results on Thursday, July 25th. The company reported $1.80 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.90 by ($0.10). The business had revenue of $1.44 billion for the quarter, compared to analysts’ expectations of $1.55 billion. Brunswick had a return on equity of 23.46% and a net margin of 5.92%. The business’s quarterly revenue was down 15.2% on a year-over-year basis. During the same period last year, the company posted $2.35 earnings per share. Research analysts anticipate that Brunswick will post 5.26 EPS for the current year.

Insider Transactions at Brunswick

In other Brunswick news, Director Nancy E. Cooper sold 358 shares of the business’s stock in a transaction dated Thursday, August 1st. The shares were sold at an average price of $81.34, for a total value of $29,119.72. Following the completion of the transaction, the director now directly owns 23,877 shares of the company’s stock, valued at approximately $1,942,155.18. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. 0.81% of the stock is owned by corporate insiders.

Institutional Trading of Brunswick

Hedge funds and other institutional investors have recently made changes to their positions in the business. V Square Quantitative Management LLC bought a new position in Brunswick in the third quarter valued at $26,000. Allspring Global Investments Holdings LLC raised its holdings in Brunswick by 43,700.0% during the first quarter. Allspring Global Investments Holdings LLC now owns 438 shares of the company’s stock worth $42,000 after acquiring an additional 437 shares in the last quarter. J.Safra Asset Management Corp grew its stake in Brunswick by 77.1% in the first quarter. J.Safra Asset Management Corp now owns 602 shares of the company’s stock valued at $58,000 after purchasing an additional 262 shares in the last quarter. GAMMA Investing LLC increased its position in Brunswick by 92.5% during the 3rd quarter. GAMMA Investing LLC now owns 1,155 shares of the company’s stock worth $97,000 after buying an additional 555 shares during the period. Finally, Valley National Advisers Inc. lifted its holdings in shares of Brunswick by 47.0% during the first quarter. Valley National Advisers Inc. now owns 1,120 shares of the company’s stock worth $108,000 after buying an additional 358 shares in the last quarter. 99.34% of the stock is currently owned by institutional investors and hedge funds.

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.