Brunswick Corporation (NYSE:BC) Receives Consensus Rating of “Hold” from Analysts

Brunswick Corporation (NYSE:BC) has earned an average rating of “Hold” from the fifteen ratings firms that are presently covering the stock, MarketBeat.com reports. One investment analyst has rated the stock with a sell recommendation, eight have assigned a hold recommendation and six have given a buy recommendation to the company. The average 12-month price target among analysts that have issued a report on the stock in the last year is $78.9231.

A number of research firms recently issued reports on BC. Truist Financial increased their price objective on Brunswick from $60.00 to $68.00 and gave the stock a “buy” rating in a report on Wednesday, October 15th. Texas Capital downgraded shares of Brunswick from a “strong-buy” rating to a “hold” rating in a report on Monday, January 12th. BMO Capital Markets increased their target price on shares of Brunswick from $65.00 to $75.00 and gave the stock an “outperform” rating in a report on Friday, October 24th. Wolfe Research set a $90.00 price target on shares of Brunswick in a research report on Monday, January 12th. Finally, Benchmark raised their price objective on Brunswick from $70.00 to $75.00 and gave the company a “buy” rating in a report on Friday, October 24th.

Institutional Investors Weigh In On Brunswick

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

Brunswick Stock Down 1.6%

Brunswick stock opened at $86.59 on Friday. Brunswick has a twelve month low of $41.00 and a twelve month high of $89.61. The company has a quick ratio of 0.73, a current ratio of 1.78 and a debt-to-equity ratio of 1.28. The company has a 50 day moving average of $75.49 and a 200-day moving average of $67.56. The stock has a market capitalization of $5.63 billion, a PE ratio of -23.79 and a beta of 1.36.

Brunswick (NYSE:BC) last announced its earnings results on Thursday, October 23rd. The company reported $0.97 earnings per share for the quarter, topping analysts’ consensus estimates of $0.84 by $0.13. Brunswick had a negative net margin of 4.60% and a positive return on equity of 10.55%. The firm had revenue of $1.36 billion during the quarter, compared to analyst estimates of $1.26 billion. During the same period in the prior year, the business earned $1.17 EPS. The company’s revenue for the quarter was up 6.8% compared to the same quarter last year. On average, equities research analysts anticipate that Brunswick will post 4.19 EPS for the current fiscal year.

About Brunswick

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.