Brunswick (NYSE:BC) Stock Rating Lowered by Wall Street Zen

Brunswick (NYSE:BC) was downgraded by analysts at Wall Street Zen from a “buy” rating to a “hold” rating in a research note issued to investors on Sunday.

Other equities analysts have also recently issued research reports about the stock. JPMorgan Chase & Co. upped their price target on shares of Brunswick from $63.00 to $70.00 and gave the stock a “neutral” rating in a research note on Tuesday, September 23rd. B. Riley lifted their target price on shares of Brunswick from $60.00 to $70.00 and gave the stock a “neutral” rating in a report on Monday, September 8th. Weiss Ratings reiterated a “sell (d+)” rating on shares of Brunswick in a research note on Monday, December 1st. Citigroup raised their price target on shares of Brunswick from $74.00 to $82.00 and gave the company a “buy” rating in a research report on Friday, October 24th. Finally, Benchmark upped their price objective on Brunswick from $70.00 to $75.00 and gave the company a “buy” rating in a research report on Friday, October 24th. Seven research analysts have rated the stock with a Buy rating, eight have given a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus price target of $73.54.

Brunswick Price Performance

Shares of BC opened at $71.33 on Friday. Brunswick has a fifty-two week low of $41.00 and a fifty-two week high of $78.78. The firm’s 50-day simple moving average is $65.37 and its two-hundred day simple moving average is $61.76. The stock has a market cap of $4.64 billion, a PE ratio of -19.60 and a beta of 1.37. The company has a debt-to-equity ratio of 1.28, a quick ratio of 0.73 and a current ratio of 1.78.

Brunswick (NYSE:BC) last issued its quarterly earnings results on Thursday, October 23rd. The company reported $0.97 EPS for the quarter, topping analysts’ consensus estimates of $0.84 by $0.13. Brunswick had a positive return on equity of 10.55% and a negative net margin of 4.60%.The firm had revenue of $1.36 billion for the quarter, compared to analysts’ expectations of $1.26 billion. During the same period in the previous year, the firm posted $1.17 EPS. The business’s revenue for the quarter was up 6.8% compared to the same quarter last year. Brunswick has set its FY 2025 guidance at 3.250-3.25 EPS. Analysts anticipate that Brunswick will post 4.19 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently modified their holdings of the business. Allworth Financial LP increased its position in shares of Brunswick by 55.0% during the 3rd quarter. Allworth Financial LP now owns 1,077 shares of the company’s stock valued at $68,000 after purchasing an additional 382 shares during the last quarter. Coldstream Capital Management Inc. grew its stake in Brunswick by 39.9% in the third quarter. Coldstream Capital Management Inc. now owns 9,680 shares of the company’s stock worth $612,000 after purchasing an additional 2,760 shares in the last quarter. Danske Bank A S purchased a new position in Brunswick during the 3rd quarter worth $38,000. NewEdge Advisors LLC increased its holdings in Brunswick by 15.2% during the 3rd quarter. NewEdge Advisors LLC now owns 1,332 shares of the company’s stock worth $84,000 after purchasing an additional 176 shares during the period. Finally, Utah Retirement Systems purchased a new position in Brunswick during the 3rd quarter worth $221,000. Hedge funds and other institutional investors own 99.34% of the company’s stock.

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.