Brunswick (NYSE:BC) Price Target Cut to $92.00

Brunswick (NYSE:BC) had its price objective dropped by research analysts at Stifel Nicolaus from $102.00 to $92.00 in a research report issued to clients and investors on Tuesday, FlyOnTheWall reports. Stifel Nicolaus’ price target suggests a potential upside of 20.36% from the stock’s previous close.

Several other equities research analysts have also recently issued reports on the stock. Jefferies Financial Group lowered their price objective on shares of Brunswick from $94.00 to $93.00 in a research report on Tuesday. JPMorgan Chase & Co. cut shares of Brunswick from an “overweight” rating to a “neutral” rating and lowered their price objective for the company from $109.00 to $79.00 in a research report on Monday, September 11th. StockNews.com assumed coverage on shares of Brunswick in a research report on Thursday, August 17th. They issued a “buy” rating for the company. Raymond James lowered their price objective on shares of Brunswick from $90.00 to $88.00 and set an “outperform” rating for the company in a research report on Tuesday. Finally, BMO Capital Markets lowered their price objective on shares of Brunswick from $122.00 to $105.00 and set an “outperform” rating for the company in a research report on Friday, July 28th. Two equities research analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the company. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $97.00.

Brunswick Trading Up 0.2 %

NYSE:BC traded up $0.16 during mid-day trading on Tuesday, hitting $76.44. 59,613 shares of the stock traded hands, compared to its average volume of 607,196. The stock has a market capitalization of $5.41 billion, a price-to-earnings ratio of 10.04 and a beta of 1.56. Brunswick has a 52 week low of $64.55 and a 52 week high of $93.15. The firm’s 50 day moving average is $82.78 and its two-hundred day moving average is $82.10. The company has a quick ratio of 0.85, a current ratio of 1.92 and a debt-to-equity ratio of 1.15.

Brunswick (NYSE:BC) last issued its quarterly earnings results on Thursday, July 27th. The company reported $2.35 EPS for the quarter, beating the consensus estimate of $2.32 by $0.03. The company had revenue of $1.70 billion for the quarter, compared to the consensus estimate of $1.75 billion. Brunswick had a net margin of 8.21% and a return on equity of 33.86%. The firm’s revenue was down 7.3% compared to the same quarter last year. During the same period in the prior year, the firm posted $2.82 EPS. On average, equities research analysts predict that Brunswick will post 9.5 earnings per share for the current year.

Institutional Investors Weigh In On Brunswick

Several institutional investors have recently bought and sold shares of BC. Ruedi Wealth Management Inc. acquired a new stake in Brunswick in the fourth quarter valued at approximately $31,000. Rockefeller Capital Management L.P. boosted its stake in Brunswick by 104.7% in the fourth quarter. Rockefeller Capital Management L.P. now owns 520 shares of the company’s stock valued at $36,000 after acquiring an additional 266 shares in the last quarter. Fred Alger Management LLC acquired a new stake in Brunswick in the first quarter valued at approximately $40,000. Bartlett & Co. LLC boosted its stake in Brunswick by 246.7% in the second quarter. Bartlett & Co. LLC now owns 520 shares of the company’s stock valued at $45,000 after acquiring an additional 370 shares in the last quarter. Finally, Neo Ivy Capital Management acquired a new stake in Brunswick in the second quarter valued at approximately $46,000. 94.44% of the stock is currently owned by institutional investors and hedge funds.

About Brunswick

Brunswick Corporation designs, manufactures, and markets recreation products worldwide. It operates through three segments: Propulsion, Parts & Accessories, and Boat. The Propulsion segment provides outboard, sterndrive, and inboard engines for independent boat builders and governments through marine dealers and distributors, specialty marine retailers, and marine service centers; and propulsion-related controls, rigging, and propellers to original equipment manufacturers and aftermarket retailers, distributors, and distribution businesses.