Roth Mkm Lowers Brunswick (NYSE:BC) Price Target to $85.00

Brunswick (NYSE:BC) had its price target cut by Roth Mkm from $91.00 to $85.00 in a research note issued on Friday,Benzinga reports. The firm currently has a “buy” rating on the stock. Roth Mkm’s target price indicates a potential upside of 23.79% from the stock’s previous close.

Other research analysts also recently issued research reports about the stock. Truist Financial cut their price objective on shares of Brunswick from $90.00 to $85.00 and set a “buy” rating on the stock in a research report on Tuesday, January 7th. Citigroup lifted their price objective on shares of Brunswick from $92.00 to $101.00 and gave the company a “buy” rating in a research note on Friday, September 27th. B. Riley cut shares of Brunswick from a “buy” rating to a “neutral” rating and decreased their price objective for the company from $95.00 to $88.00 in a research note on Tuesday, November 26th. Stifel Nicolaus decreased their price objective on shares of Brunswick from $95.00 to $86.00 and set a “buy” rating for the company in a research note on Wednesday, January 15th. Finally, DA Davidson decreased their price objective on shares of Brunswick from $80.00 to $60.00 and set a “neutral” rating for the company in a research note on Wednesday. Six investment analysts have rated the stock with a hold rating and seven have assigned a buy rating to the stock. According to data from MarketBeat.com, Brunswick presently has an average rating of “Moderate Buy” and a consensus target price of $83.77.

Brunswick Stock Up 0.4 %

Shares of Brunswick stock traded up $0.26 on Friday, reaching $68.66. The stock had a trading volume of 200,720 shares, compared to its average volume of 588,575. The company has a 50 day moving average price of $71.76 and a 200 day moving average price of $76.79. 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 1 year low of $62.64 and a 1 year high of $96.65. The stock has a market capitalization of $4.53 billion, a P/E ratio of 17.08 and a beta of 1.54.

Insider Transactions at Brunswick

In related news, Director Nancy E. Cooper sold 366 shares of the company’s stock in a transaction dated Friday, November 1st. The shares were sold at an average price of $80.19, for a total value of $29,349.54. Following the completion of the sale, the director now owns 24,557 shares of the company’s stock, valued at approximately $1,969,225.83. This represents a 1.47 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. Also, CEO David M. Foulkes sold 23,829 shares of the company’s stock in a transaction dated Thursday, October 31st. The shares were sold at an average price of $80.22, for a total transaction of $1,911,562.38. Following the completion of the transaction, the chief executive officer now directly owns 251,094 shares in the company, valued at $20,142,760.68. The trade was a 8.67 % decrease in their position. The disclosure for this sale can be found here. Insiders own 0.81% of the company’s stock.

Institutional Inflows and Outflows

A number of large investors have recently bought and sold shares of BC. Mercer Global Advisors Inc. ADV lifted its position in shares of Brunswick by 13.1% during the second quarter. Mercer Global Advisors Inc. ADV now owns 9,257 shares of the company’s stock worth $674,000 after purchasing an additional 1,073 shares in the last quarter. Vanguard Personalized Indexing Management LLC increased its stake in Brunswick by 7.1% in the second quarter. Vanguard Personalized Indexing Management LLC now owns 6,233 shares of the company’s stock valued at $441,000 after purchasing an additional 414 shares during the last quarter. Hsbc Holdings PLC increased its stake in Brunswick by 181.7% in the second quarter. Hsbc Holdings PLC now owns 8,914 shares of the company’s stock valued at $645,000 after purchasing an additional 5,750 shares during the last quarter. Sei Investments Co. increased its stake in Brunswick by 7.6% in the second quarter. Sei Investments Co. now owns 221,073 shares of the company’s stock valued at $16,087,000 after purchasing an additional 15,602 shares during the last quarter. Finally, Bank of Montreal Can increased its stake in Brunswick by 20.8% in the second quarter. Bank of Montreal Can now owns 40,193 shares of the company’s stock valued at $2,925,000 after purchasing an additional 6,922 shares during the last quarter. Institutional investors and hedge funds 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.