Brunswick Co. (NYSE:BC) Receives Consensus Rating of “Moderate Buy” from Brokerages

Shares of Brunswick Co. (NYSE:BCGet Rating) have been assigned a consensus rating of “Moderate Buy” from the fifteen analysts that are covering the company, Marketbeat reports. Two research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company. The average 1 year price objective among brokerages that have covered the stock in the last year is $97.00.

BC has been the subject of several recent research reports. DA Davidson lowered shares of Brunswick from a “buy” rating to a “neutral” rating and cut their target price for the company from $90.00 to $82.00 in a research report on Tuesday, November 15th. Jefferies Financial Group restated a “buy” rating and set a $100.00 target price on shares of Brunswick in a research report on Friday, December 9th. Citigroup cut their target price on shares of Brunswick from $106.00 to $104.00 in a research report on Friday, October 28th. Truist Financial boosted their target price on shares of Brunswick from $90.00 to $95.00 in a research report on Friday, January 6th. Finally, StockNews.com upgraded shares of Brunswick from a “hold” rating to a “buy” rating in a research report on Wednesday.

Institutional Investors Weigh In On Brunswick

Large investors have recently added to or reduced their stakes in the stock. Steward Partners Investment Advisory LLC boosted its position in shares of Brunswick by 492.0% during the second quarter. Steward Partners Investment Advisory LLC now owns 444 shares of the company’s stock valued at $29,000 after buying an additional 369 shares during the period. International Assets Investment Management LLC boosted its position in shares of Brunswick by 10,038.0% during the third quarter. International Assets Investment Management LLC now owns 10,949 shares of the company’s stock valued at $38,000 after buying an additional 10,841 shares during the period. Northwestern Mutual Wealth Management Co. boosted its position in shares of Brunswick by 36.2% during the second quarter. Northwestern Mutual Wealth Management Co. now owns 639 shares of the company’s stock valued at $42,000 after buying an additional 170 shares during the period. Neo Ivy Capital Management purchased a new position in shares of Brunswick during the second quarter valued at approximately $46,000. Finally, Total Clarity Wealth Management Inc. purchased a new position in shares of Brunswick during the second quarter valued at approximately $48,000. 93.01% of the stock is owned by institutional investors.

Brunswick Stock Up 2.5 %

Shares of Brunswick stock opened at $77.98 on Friday. The company has a debt-to-equity ratio of 1.21, a quick ratio of 0.84 and a current ratio of 1.88. The company has a 50-day simple moving average of $73.87 and a two-hundred day simple moving average of $73.53. Brunswick has a 52-week low of $61.89 and a 52-week high of $98.49. The stock has a market capitalization of $5.65 billion, a PE ratio of 9.35 and a beta of 1.54.

Brunswick (NYSE:BCGet Rating) last released its quarterly earnings data on Thursday, October 27th. The company reported $2.67 earnings per share for the quarter, beating the consensus estimate of $2.62 by $0.05. Brunswick had a net margin of 9.56% and a return on equity of 36.52%. The firm had revenue of $1.70 billion during the quarter, compared to analysts’ expectations of $1.77 billion. On average, analysts anticipate that Brunswick will post 10.01 EPS for the current fiscal year.

Brunswick Company Profile

(Get Rating)

Brunswick Corp. engages in the design, manufacture, and marketing of recreational marine products, including marine engines, boats, and parts and accessories for those products. It operates through the following segments: Propulsion, Parts and Accessories, Boat, and Corporate/Other. The Propulsion segment manufactures a full range of outboard, sterndrive, and inboard engines, as well as propulsion-related controls, propellers, and rigging parts and accessories.

Further Reading

Analyst Recommendations for Brunswick (NYSE:BC)

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