Brunswick (NYSE:BC) Stock Price Expected to Rise, Morgan Stanley Analyst Says

Brunswick (NYSE:BC) had its target price upped by Morgan Stanley from $64.00 to $65.00 in a research report sent to investors on Friday,Benzinga reports. The brokerage currently has an equal weight rating on the stock.

A number of other brokerages have also issued reports on BC. Stifel Nicolaus decreased their target price on shares of Brunswick from $95.00 to $86.00 and set a “buy” rating on the stock in a research report on Wednesday, January 15th. Benchmark restated a “buy” rating and set a $100.00 price objective on shares of Brunswick in a report on Friday, October 25th. B. Riley lowered Brunswick from a “buy” rating to a “neutral” rating and dropped their target price for the company from $95.00 to $88.00 in a research note on Tuesday, November 26th. Truist Financial reduced their target price on Brunswick from $90.00 to $85.00 and set a “buy” rating on the stock in a research report on Tuesday, January 7th. Finally, Citigroup lowered their price target on Brunswick from $92.00 to $85.00 and set a “buy” rating for the company in a report on Tuesday, January 28th. Six equities research analysts have rated the stock with a hold rating and seven have given a buy rating to the company. According to data from MarketBeat.com, Brunswick has a consensus rating of “Moderate Buy” and an average price target of $81.85.

Brunswick Stock Performance

NYSE BC opened at $67.45 on Friday. The company has a quick ratio of 0.74, a current ratio of 1.97 and a debt-to-equity ratio of 1.17. The stock has a market cap of $4.45 billion, a price-to-earnings ratio of 16.78 and a beta of 1.54. Brunswick has a fifty-two week low of $62.64 and a fifty-two week high of $96.65. The business has a fifty day moving average of $70.37 and a 200-day moving average of $76.49.

Brunswick (NYSE:BC) last announced its earnings results 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 period in the prior year, the business posted $1.45 earnings per share. As a group, analysts predict that Brunswick will post 4.51 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Brunswick

Several large investors have recently made changes to their positions in the business. Nisa Investment Advisors LLC lifted its position in Brunswick by 0.5% during the 3rd quarter. Nisa Investment Advisors LLC now owns 26,731 shares of the company’s stock worth $2,241,000 after acquiring an additional 145 shares in the last quarter. Inspire Investing LLC raised its stake in shares of Brunswick by 2.8% during the third quarter. Inspire Investing LLC now owns 5,545 shares of the company’s stock valued at $465,000 after purchasing an additional 153 shares during the period. Wealth Enhancement Advisory Services LLC lifted its position in shares of Brunswick by 3.9% during the third quarter. Wealth Enhancement Advisory Services LLC now owns 4,647 shares of the company’s stock worth $390,000 after purchasing an additional 174 shares in the last quarter. Pacer Advisors Inc. boosted its stake in shares of Brunswick by 2.0% in the fourth quarter. Pacer Advisors Inc. now owns 9,861 shares of the company’s stock valued at $638,000 after purchasing an additional 190 shares during the period. Finally, CWM LLC grew its holdings in Brunswick by 21.6% during the 3rd quarter. CWM LLC now owns 1,323 shares of the company’s stock valued at $111,000 after purchasing an additional 235 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.