Benchmark Lowers Brunswick (NYSE:BC) Price Target to $90.00

Brunswick (NYSE:BC) had its target price reduced by Benchmark from $100.00 to $90.00 in a research report issued to clients and investors on Friday,Benzinga reports. The brokerage currently has a “buy” rating on the stock. Benchmark’s price objective indicates a potential upside of 33.44% from the stock’s current price.

A number of other research analysts have also recently weighed in on BC. Citigroup lowered their target price on shares of Brunswick from $92.00 to $85.00 and set a “buy” rating on the stock in a research note on Tuesday, January 28th. Roth Mkm dropped their price objective on Brunswick from $91.00 to $85.00 and set a “buy” rating for the company in a research note on Friday, January 24th. Morgan Stanley lifted their target price on Brunswick from $64.00 to $65.00 and gave the company an “equal weight” rating in a research note on Friday. B. Riley downgraded Brunswick from a “buy” rating to a “neutral” rating and dropped their price target for the stock from $95.00 to $88.00 in a research note on Tuesday, November 26th. Finally, Truist Financial reduced their price objective on shares of Brunswick from $90.00 to $85.00 and set a “buy” rating on the stock in a research report on Tuesday, January 7th. Six equities research analysts have rated the stock with a hold rating and seven have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $81.85.

Brunswick Price Performance

Shares of Brunswick stock opened at $67.45 on Friday. The stock’s fifty day moving average is $70.37 and its 200 day moving average is $76.53. Brunswick has a one year low of $62.64 and a one year high of $96.65. The company has a debt-to-equity ratio of 1.17, a quick ratio of 0.74 and a current ratio of 1.97. The stock has a market cap of $4.45 billion, a P/E ratio of 16.78 and a beta of 1.54.

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 analysts’ consensus estimates of $0.18 by $0.06. Brunswick had a return on equity of 19.15% and a net margin of 5.02%. During the same quarter in the previous year, the company posted $1.45 EPS. Sell-side analysts anticipate that Brunswick will post 4.51 earnings per share for the current year.

Institutional Investors Weigh In On Brunswick

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. V Square Quantitative Management LLC purchased a new position in shares of Brunswick in the 3rd quarter worth approximately $26,000. Armstrong Advisory Group Inc. purchased a new position in Brunswick during the fourth quarter worth $39,000. Avior Wealth Management LLC increased its position in Brunswick by 1,073.7% during the third quarter. Avior Wealth Management LLC now owns 669 shares of the company’s stock valued at $56,000 after acquiring an additional 612 shares during the last quarter. Covestor Ltd raised 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 acquiring an additional 843 shares during the period. Finally, GAMMA Investing LLC boosted its stake in shares of Brunswick by 92.5% during the 3rd quarter. GAMMA Investing LLC now owns 1,155 shares of the company’s stock worth $97,000 after purchasing an additional 555 shares during the period. 99.34% of the stock is currently owned by hedge funds and other institutional investors.

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.