Citigroup Issues Pessimistic Forecast for Brunswick (NYSE:BC) Stock Price

Brunswick (NYSE:BC) had its price objective decreased by Citigroup from $92.00 to $85.00 in a report issued on Tuesday,Benzinga reports. The firm currently has a “buy” rating on the stock. Citigroup’s target price would suggest a potential upside of 24.53% from the company’s previous close.

BC has been the subject of several other reports. B. Riley cut shares of Brunswick from a “buy” rating to a “neutral” rating and cut their price target for the stock from $95.00 to $88.00 in a report on Tuesday, November 26th. Roth Mkm cut their price target on shares of Brunswick from $91.00 to $85.00 and set a “buy” rating for the company in a report on Friday, January 24th. Benchmark reaffirmed a “buy” rating and issued a $100.00 target price on shares of Brunswick in a report on Friday, October 25th. Stifel Nicolaus dropped their target price on shares of Brunswick from $95.00 to $86.00 and set a “buy” rating for the company in a report on Wednesday, January 15th. Finally, Morgan Stanley dropped their target price on shares of Brunswick from $78.00 to $64.00 and set an “equal weight” rating for the company in a report on Tuesday, January 21st. Six analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. Based on data from MarketBeat.com, Brunswick presently has an average rating of “Moderate Buy” and a consensus price target of $82.54.

Brunswick Trading Down 0.4 %

NYSE BC opened at $68.26 on Tuesday. The stock has a market capitalization of $4.50 billion, a P/E ratio of 16.98 and a beta of 1.54. Brunswick has a 52-week low of $62.64 and a 52-week high of $96.65. The firm has a 50-day moving average price of $70.91 and a 200 day moving average price of $76.70. The company has a quick ratio of 0.74, a current ratio of 1.97 and a debt-to-equity ratio of 1.17.

Insider Activity

In related news, Director Nancy E. Cooper sold 366 shares of the firm’s stock in a transaction that occurred on Friday, November 1st. The shares were sold at an average price of $80.19, for a total transaction of $29,349.54. Following the sale, the director now owns 24,557 shares in the company, valued at approximately $1,969,225.83. This trade represents a 1.47 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Company insiders own 0.81% of the company’s stock.

Institutional Trading of Brunswick

A number of hedge funds have recently bought and sold shares of the company. V Square Quantitative Management LLC purchased a new position in Brunswick during the third quarter worth approximately $26,000. Armstrong Advisory Group Inc. purchased a new position in shares of Brunswick in the 4th quarter valued at $39,000. Avior Wealth Management LLC increased its stake in Brunswick by 1,073.7% during the 3rd quarter. Avior Wealth Management LLC now owns 669 shares of the company’s stock worth $56,000 after buying an additional 612 shares during the period. Covestor Ltd lifted its holdings in Brunswick by 669.0% in the 3rd quarter. Covestor Ltd now owns 969 shares of the company’s stock worth $81,000 after buying an additional 843 shares in the last quarter. Finally, GAMMA Investing LLC lifted its holdings in Brunswick by 92.5% in the 3rd quarter. GAMMA Investing LLC now owns 1,155 shares of the company’s stock worth $97,000 after buying an additional 555 shares in 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.