Brunswick (NYSE:BC) Given New $85.00 Price Target at Citigroup

Brunswick (NYSE:BC - Get Free Report) had its price objective decreased by research analysts at Citigroup from $92.00 to $85.00 in a research note issued to investors on Tuesday,Benzinga reports. The firm currently has a "buy" rating on the stock. Citigroup's target price suggests a potential upside of 24.98% from the company's previous close.

Other equities research analysts have also issued reports about the stock. B. Riley lowered shares of Brunswick from a "buy" rating to a "neutral" rating and lowered their price target for the company from $95.00 to $88.00 in a research note on Tuesday, November 26th. Stifel Nicolaus decreased their price target on Brunswick from $95.00 to $86.00 and set a "buy" rating for the company in a research note on Wednesday, January 15th. Morgan Stanley decreased their target price on shares of Brunswick from $78.00 to $64.00 and set an "equal weight" rating for the company in a research note on Tuesday, January 21st. DA Davidson decreased their price objective on shares of Brunswick from $80.00 to $60.00 and set a "neutral" rating for the company in a research report on Wednesday, January 22nd. Finally, Benchmark reiterated a "buy" rating and set a $100.00 price target on shares of Brunswick in a report on Friday, October 25th. Six equities research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the stock. According to MarketBeat, the stock has a consensus rating of "Moderate Buy" and an average price target of $81.85.

Brunswick Trading Down 1.5 %

BC stock traded down $1.03 during trading on Tuesday, hitting $68.01. The company had a trading volume of 662,603 shares, compared to its average volume of 742,567. The firm has a 50-day moving average price of $70.67 and a 200-day moving average price of $76.65. The stock has a market cap of $4.49 billion, a price-to-earnings ratio of 16.92 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 quick ratio of 0.74, a current ratio of 1.97 and a debt-to-equity ratio of 1.17.

Brunswick (NYSE:BC - Get Free Report) last released its quarterly earnings data on Thursday, January 30th. The company reported $0.24 earnings per share for the quarter, topping 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 quarter last year, the business posted $1.45 EPS. As a group, analysts predict that Brunswick will post 4.51 earnings per share for the current year.

Institutional Investors Weigh In On Brunswick

Hedge funds have recently bought and sold shares of the stock. C2P Capital Advisory Group LLC d.b.a. Prosperity Capital Advisors bought a new stake in Brunswick during the 4th quarter valued at approximately $2,211,000. State of New Jersey Common Pension Fund D lifted its position in shares of 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 valued at $1,707,000 after acquiring an additional 2,205 shares in the last quarter. Van ECK Associates Corp raised its position in shares of Brunswick by 21.7% during the fourth 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 last quarter. Peterson Wealth Services boosted its holdings in shares of Brunswick by 6.8% during the 4th 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 Brunswick in the 4th quarter worth approximately $16,400,000. 99.34% of the stock is currently owned by institutional investors.

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.