Brunswick (NYSE:BC) Price Target Raised to $76.00

Brunswick (NYSE:BC) had its target price boosted by DA Davidson from $68.00 to $76.00 in a research report sent to investors on Monday morning,Benzinga reports. The brokerage currently has a neutral rating on the stock.

A number of other research analysts have also recently commented on the company. Weiss Ratings restated a “sell (d+)” rating on shares of Brunswick in a research note on Monday, December 29th. Loop Capital initiated coverage on Brunswick in a report on Monday, December 22nd. They set a “hold” rating and a $74.00 target price on the stock. Robert W. Baird set a $85.00 price target on Brunswick in a report on Friday, January 30th. Wolfe Research set a $90.00 price objective on shares of Brunswick in a research note on Monday, January 12th. Finally, Citigroup boosted their target price on shares of Brunswick from $100.00 to $101.00 and gave the stock a “buy” rating in a research report on Monday. Six analysts have rated the stock with a Buy rating, eight have given a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Hold” and an average price target of $83.93.

Brunswick Trading Up 2.7%

Shares of BC stock opened at $88.14 on Monday. The company has a quick ratio of 0.61, a current ratio of 1.44 and a debt-to-equity ratio of 1.11. Brunswick has a fifty-two week low of $41.00 and a fifty-two week high of $89.61. The firm’s 50 day moving average price is $78.79 and its two-hundred day moving average price is $68.92. The stock has a market cap of $5.73 billion, a price-to-earnings ratio of -41.58 and a beta of 1.39.

Brunswick (NYSE:BC) last released its quarterly earnings data on Thursday, January 29th. The company reported $0.58 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.58. The company had revenue of $1.33 billion during the quarter, compared to analyst estimates of $1.21 billion. Brunswick had a negative net margin of 2.56% and a positive return on equity of 12.22%. The business’s quarterly revenue was up 15.5% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.24 earnings per share. On average, analysts anticipate that Brunswick will post 4.19 EPS for the current year.

Institutional Trading of Brunswick

A number of hedge funds and other institutional investors have recently made changes to their positions in the stock. First Horizon Corp bought a new position in Brunswick during the 3rd quarter valued at $26,000. Farther Finance Advisors LLC raised its stake in shares of Brunswick by 72.3% in the 4th quarter. Farther Finance Advisors LLC now owns 379 shares of the company’s stock valued at $28,000 after purchasing an additional 159 shares in the last quarter. V Square Quantitative Management LLC bought a new position in shares of Brunswick during the fourth quarter worth about $30,000. Jones Financial Companies Lllp grew its stake in Brunswick by 50.6% in the third quarter. Jones Financial Companies Lllp now owns 494 shares of the company’s stock worth $31,000 after purchasing an additional 166 shares in the last quarter. Finally, Mirae Asset Global Investments Co. Ltd. bought a new stake in Brunswick in the third quarter valued at about $37,000. Institutional investors own 99.34% of the company’s stock.

Brunswick Company Profile

Founded in 1845 by John Moses Brunswick, Brunswick Corporation is a global leader in recreation products. Headquartered in Mettawa, Illinois, the company has evolved from its origins as a billiard table manufacturer into a diversified supplier of leisure equipment, serving both consumer and commercial markets around the world.

Brunswick operates through two primary segments: Marine and Bowling & Billiards. In its Marine segment, the company designs, manufactures and distributes recreational boats, outboard engines and aftermarket parts under recognized brands such as Sea Ray, Bayliner and Mercury Marine.