Brunswick Co. (NYSE:BC) Receives Average Rating of "Moderate Buy" from Brokerages

Brunswick Co. (NYSE:BC - Get Free Report) has been assigned a consensus rating of "Moderate Buy" from the thirteen analysts that are presently covering the firm, Marketbeat reports. Six investment analysts have rated the stock with a hold rating and seven have given a buy rating to the company. The average twelve-month target price among brokers that have issued ratings on the stock in the last year is $81.85.

BC has been the topic of a number of research analyst reports. DA Davidson lowered their price objective on shares of Brunswick from $80.00 to $60.00 and set a "neutral" rating on the stock in a research report on Wednesday, January 22nd. Roth Mkm lowered their price target on Brunswick from $91.00 to $85.00 and set a "buy" rating on the stock in a report on Friday, January 24th. Benchmark cut their price objective on Brunswick from $100.00 to $90.00 and set a "buy" rating for the company in a report on Friday, January 31st. Morgan Stanley increased their target price on Brunswick from $64.00 to $65.00 and gave the company an "equal weight" rating in a report on Friday, January 31st. Finally, B. Riley cut Brunswick from a "buy" rating to a "neutral" rating and dropped their target price for the stock from $95.00 to $88.00 in a research report on Tuesday, November 26th.

Insider Buying and Selling at Brunswick

In related news, Director Nancy E. Cooper sold 433 shares of the stock in a transaction dated Monday, February 3rd. The stock was sold at an average price of $65.65, for a total transaction of $28,426.45. Following the completion of the sale, the director now owns 25,361 shares in the company, valued at approximately $1,664,949.65. This trade represents a 1.68 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Insiders own 0.81% of the company's stock.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Norges Bank purchased a new position in shares of Brunswick during the fourth quarter valued at about $30,097,000. Raymond James Financial Inc. bought a new stake in Brunswick in the 4th quarter worth approximately $29,646,000. Massachusetts Financial Services Co. MA raised its holdings in shares of Brunswick by 17.1% during the 3rd quarter. Massachusetts Financial Services Co. MA now owns 3,090,078 shares of the company's stock worth $259,010,000 after acquiring an additional 452,116 shares in the last quarter. Janus Henderson Group PLC boosted its position in shares of Brunswick by 1,120.5% during the 3rd quarter. Janus Henderson Group PLC now owns 354,631 shares of the company's stock valued at $29,725,000 after acquiring an additional 325,574 shares during the last quarter. Finally, JPMorgan Chase & Co. grew its holdings in shares of Brunswick by 18.1% in the fourth quarter. JPMorgan Chase & Co. now owns 1,757,186 shares of the company's stock valued at $113,655,000 after purchasing an additional 269,413 shares in the last quarter. 99.34% of the stock is currently owned by institutional investors.

Brunswick Stock Down 2.6 %

Shares of Brunswick stock traded down $1.68 on Friday, reaching $64.15. The company's stock had a trading volume of 497,682 shares, compared to its average volume of 726,421. Brunswick has a 52 week low of $62.64 and a 52 week high of $96.65. The firm's fifty day simple moving average is $68.28 and its two-hundred day simple moving average is $75.92. The company has a quick ratio of 0.63, a current ratio of 1.65 and a debt-to-equity ratio of 1.11. The company has a market capitalization of $4.23 billion, a price-to-earnings ratio of 33.76 and a beta of 1.54.

Brunswick (NYSE:BC - Get Free Report) last released its quarterly earnings data on Thursday, January 30th. The company reported $0.24 EPS for the quarter, topping the consensus estimate of $0.18 by $0.06. Brunswick had a return on equity of 15.41% and a net margin of 2.48%. During the same period in the prior year, the business posted $1.45 earnings per share. Equities analysts anticipate that Brunswick will post 4.2 earnings per share for the current year.

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.