Brunswick (NYSE:BC) Stock Price Expected to Rise, DA Davidson Analyst Says

Brunswick (NYSE:BC) had its target price raised by stock analysts at DA Davidson from $68.00 to $76.00 in a report released on Monday,Benzinga reports. The firm currently has a “neutral” rating on the stock. DA Davidson’s price objective indicates a potential downside of 11.41% from the company’s current price.

A number of other analysts have also issued reports on BC. Benchmark raised their target price on shares of Brunswick from $75.00 to $90.00 and gave the stock a “buy” rating in a research report on Friday. Wolfe Research set a $90.00 price objective on Brunswick in a report on Monday, January 12th. Texas Capital lowered Brunswick from a “strong-buy” rating to a “hold” rating in a research note on Monday, January 12th. Loop Capital began coverage on Brunswick in a research report on Monday, December 22nd. They set a “hold” rating and a $74.00 target price on the stock. Finally, Seaport Research Partners upgraded Brunswick to a “strong-buy” rating in a report on Monday, December 8th. Six research analysts have rated the stock with a Buy rating, eight have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus target price of $83.93.

Brunswick Stock Performance

NYSE BC opened at $85.79 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 business has a fifty day moving average of $78.36 and a 200-day moving average of $68.79. The stock has a market cap of $5.58 billion, a price-to-earnings ratio of -40.47 and a beta of 1.39.

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

Institutional Inflows and Outflows

Hedge funds have recently bought and sold shares of the business. First Horizon Corp acquired a new stake in shares of Brunswick in the third quarter worth $26,000. Farther Finance Advisors LLC increased its holdings in 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 acquired a new stake in Brunswick in the 4th quarter valued at $30,000. Jones Financial Companies Lllp raised its position in Brunswick by 50.6% in the third quarter. Jones Financial Companies Lllp now owns 494 shares of the company’s stock valued at $31,000 after purchasing an additional 166 shares during the period. Finally, Mirae Asset Global Investments Co. Ltd. acquired a new position in shares of Brunswick during the third quarter worth about $37,000. Hedge funds and other institutional investors own 99.34% of the company’s stock.

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.