Morgan Stanley Issues Positive Forecast for Brunswick (NYSE:BC) Stock Price

Brunswick (NYSE:BC) had its target price increased by Morgan Stanley from $64.00 to $65.00 in a research report issued on Friday,Benzinga reports. The brokerage presently has an “equal weight” rating on the stock. Morgan Stanley’s price objective suggests a potential downside of 5.85% from the stock’s current price.

Other equities research analysts also recently issued reports about the company. Stifel Nicolaus reduced their price objective on Brunswick from $95.00 to $86.00 and set a “buy” rating for the company in a research note on Wednesday, January 15th. Truist Financial decreased their price target on shares of Brunswick from $90.00 to $85.00 and set a “buy” rating for the company in a report on Tuesday, January 7th. B. Riley downgraded shares of Brunswick from a “buy” rating to a “neutral” rating and lowered their price objective for the company from $95.00 to $88.00 in a research report on Tuesday, November 26th. Roth Mkm cut their target price on shares of Brunswick from $91.00 to $85.00 and set a “buy” rating for the company in a research report on Friday, January 24th. Finally, Citigroup lowered their price target on shares of Brunswick from $92.00 to $85.00 and set a “buy” rating on the stock in a report on Tuesday. Six analysts have rated the stock with a hold rating and seven have assigned a buy rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $82.62.

Brunswick Stock Up 1.3 %

BC opened at $69.04 on Friday. The stock’s fifty day moving average is $70.67 and its 200-day moving average is $76.65. Brunswick has a one year low of $62.64 and a one year high of $96.65. The company has a market capitalization of $4.56 billion, a PE ratio of 17.17 and a beta of 1.54. The company has a debt-to-equity ratio of 1.17, a quick ratio of 0.74 and a current ratio of 1.97.

Brunswick (NYSE:BC) last posted its quarterly earnings data on Thursday, January 30th. The company reported $0.24 earnings per share for the quarter, beating the consensus estimate of $0.18 by $0.06. Brunswick had a net margin of 5.02% and a return on equity of 19.15%. During the same quarter last year, the business posted $1.45 earnings per share. On average, equities analysts predict that Brunswick will post 4.51 EPS for the current fiscal year.

Institutional Trading of Brunswick

Several institutional investors have recently bought and sold shares of BC. V Square Quantitative Management LLC acquired a new position in shares of Brunswick in the 3rd quarter worth approximately $26,000. Armstrong Advisory Group Inc. acquired a new position in Brunswick in the fourth quarter worth $39,000. Avior Wealth Management LLC grew its holdings in shares of Brunswick by 1,073.7% during the third quarter. Avior Wealth Management LLC now owns 669 shares of the company’s stock worth $56,000 after purchasing an additional 612 shares during the last quarter. Covestor Ltd increased its stake in shares of Brunswick by 669.0% in the third quarter. Covestor Ltd now owns 969 shares of the company’s stock valued at $81,000 after buying an additional 843 shares in the last quarter. Finally, GAMMA Investing LLC raised its holdings in shares of Brunswick by 92.5% in the third quarter. GAMMA Investing LLC now owns 1,155 shares of the company’s stock valued at $97,000 after buying an additional 555 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.