Brunswick (NYSE:BC) Given New $90.00 Price Target at Benchmark

Brunswick (NYSE:BC - Get Free Report) had its price target reduced by stock analysts at Benchmark from $100.00 to $90.00 in a research note issued to investors on Friday,Benzinga reports. The brokerage presently has a "buy" rating on the stock. Benchmark's price target indicates a potential upside of 28.69% from the stock's previous close.

BC has been the subject of a number of other research reports. DA Davidson dropped their price objective on shares of Brunswick from $80.00 to $60.00 and set a "neutral" rating for the company in a research note on Wednesday, January 22nd. B. Riley lowered 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. Morgan Stanley upped their target price on shares of Brunswick from $64.00 to $65.00 and gave the company an "equal weight" rating in a research note on Friday. Roth Mkm lowered 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. Finally, Citigroup dropped their target price on shares of Brunswick from $92.00 to $85.00 and set a "buy" rating for the company in a research report on Tuesday. Six investment analysts have rated the stock with a hold rating and seven have given a buy rating to the company. Based on data from MarketBeat, Brunswick presently has a consensus rating of "Moderate Buy" and a consensus target price of $81.85.

Brunswick Price Performance

NYSE:BC traded up $0.89 during trading hours on Friday, reaching $69.93. 271,625 shares of the company traded hands, compared to its average volume of 723,758. The company has a debt-to-equity ratio of 1.17, a current ratio of 1.97 and a quick ratio of 0.74. The firm's 50-day moving average is $70.67 and its 200-day moving average is $76.65. The stock has a market cap of $4.61 billion, a P/E ratio of 17.38 and a beta of 1.54. Brunswick has a 1-year low of $62.64 and a 1-year high of $96.65.

Brunswick (NYSE:BC - Get Free Report) last posted its quarterly earnings data on Thursday, January 30th. The company reported $0.24 EPS for the quarter, topping 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 firm posted $1.45 earnings per share. Equities research analysts expect that Brunswick will post 4.51 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Brunswick

Several institutional investors have recently bought and sold shares of BC. State of New Jersey Common Pension Fund D grew its position in Brunswick by 9.1% in the fourth quarter. State of New Jersey Common Pension Fund D now owns 26,395 shares of the company's stock worth $1,707,000 after buying an additional 2,205 shares during the last quarter. C2P Capital Advisory Group LLC d.b.a. Prosperity Capital Advisors purchased a new stake in shares of Brunswick in the fourth quarter worth approximately $2,211,000. Van ECK Associates Corp boosted its stake in shares of Brunswick by 21.7% during the 4th quarter. Van ECK Associates Corp now owns 125,017 shares of the company's stock valued at $8,086,000 after buying an additional 22,324 shares during the period. Peterson Wealth Services boosted its position in Brunswick by 6.8% during the fourth quarter. Peterson Wealth Services now owns 13,268 shares of the company's stock valued at $858,000 after purchasing an additional 847 shares during the last quarter. Finally, Lightrock Netherlands B.V. bought a new stake in shares of Brunswick in the 4th quarter valued at approximately $16,400,000. 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.

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