Brunswick Co. (NYSE:BC) Receives $88.15 Average Price Target from Brokerages

Brunswick Co. (NYSE:BC - Get Free Report) has received an average recommendation of "Moderate Buy" from the thirteen research firms that are presently covering the company, Marketbeat reports. Six research 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 brokerages that have issued ratings on the stock in the last year is $87.46.

Several equities research analysts recently commented on BC shares. Citigroup boosted their target price on Brunswick from $92.00 to $101.00 and gave the stock a "buy" rating in a report on Friday, September 27th. B. Riley downgraded Brunswick from a "buy" rating to a "neutral" rating and cut their price objective for the company from $95.00 to $88.00 in a research report on Tuesday, November 26th. Truist Financial dropped their target price 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. Stifel Nicolaus lowered their price objective on shares of Brunswick from $95.00 to $86.00 and set a "buy" rating on the stock in a research report on Wednesday. Finally, Benchmark restated a "buy" rating and issued a $100.00 target price on shares of Brunswick in a report on Friday, October 25th.

Brunswick Price Performance

Shares of BC stock traded up $1.55 during midday trading on Wednesday, reaching $67.35. 510,922 shares of the company were exchanged, compared to its average volume of 593,980. The company's 50 day moving average price is $73.84 and its two-hundred day moving average price is $76.99. The company has a market cap of $4.44 billion, a P/E ratio of 16.75 and a beta of 1.54. Brunswick has a 12 month low of $62.64 and a 12 month 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.

Insider Buying and Selling at Brunswick

In other Brunswick news, CEO David M. Foulkes sold 23,829 shares of the firm's stock in a transaction dated Thursday, October 31st. The stock was sold at an average price of $80.22, for a total transaction of $1,911,562.38. Following the transaction, the chief executive officer now directly owns 251,094 shares in the company, valued at $20,142,760.68. This trade represents a 8.67 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Nancy E. Cooper sold 366 shares of the company's stock in a transaction dated Friday, November 1st. The stock was sold at an average price of $80.19, for a total value of $29,349.54. Following the sale, the director now owns 24,557 shares of the company's stock, valued at approximately $1,969,225.83. This trade represents a 1.47 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 28,940 shares of company stock worth $2,321,176 over the last ninety days. 0.81% of the stock is currently owned by insiders.

Hedge Funds Weigh In On Brunswick

Institutional investors have recently modified their holdings of the company. V Square Quantitative Management LLC bought a new position in Brunswick in the 3rd quarter worth $26,000. Armstrong Advisory Group Inc. acquired a new stake in shares of Brunswick in the fourth quarter valued at about $39,000. Avior Wealth Management LLC increased its stake in shares of Brunswick by 1,073.7% in 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 period. Covestor Ltd lifted its position in shares of Brunswick by 669.0% during the 3rd quarter. Covestor Ltd now owns 969 shares of the company's stock worth $81,000 after purchasing an additional 843 shares during the last quarter. Finally, GAMMA Investing LLC boosted its stake in Brunswick by 92.5% during the 3rd quarter. GAMMA Investing LLC now owns 1,155 shares of the company's stock valued at $97,000 after purchasing an additional 555 shares during the period. Institutional investors 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.