Benchmark Issues Positive Forecast for Brunswick (NYSE:BC) Stock Price

Key Points

• Benchmark has increased its price target for Brunswick (NYSE:BC) from $70.00 to $75.00, indicating a potential upside of 6.55% from the stock's previous close and maintaining a "buy" rating.
• Brunswick reported earnings of $0.97 per share for the last quarter, surpassing the consensus estimate of $0.84 and seeing a year-over-year revenue growth of 6.8%.
• Recent reports from various analysts reflect a mix of ratings for Brunswick, with seven analysts giving a "buy" rating and nine a "hold," contributing to an average target price of $71.08.

Brunswick (NYSE:BC - Get Free Report) had its price target boosted by investment analysts at Benchmark from $70.00 to $75.00 in a note issued to investors on Friday,Benzinga reports. The brokerage presently has a "buy" rating on the stock. Benchmark's price objective would indicate a potential upside of 6.55% from the stock's previous close.

Several other research analysts also recently issued reports on the stock. Roth Capital upped their target price on shares of Brunswick from $60.00 to $68.00 and gave the stock a "buy" rating in a research note on Wednesday, July 23rd. JPMorgan Chase & Co. upped their price objective on Brunswick from $63.00 to $70.00 and gave the company a "neutral" rating in a research report on Tuesday, September 23rd. Zacks Research lowered Brunswick from a "strong-buy" rating to a "hold" rating in a report on Thursday, August 21st. Weiss Ratings reaffirmed a "hold (c-)" rating on shares of Brunswick in a report on Wednesday, October 8th. Finally, Jefferies Financial Group reiterated a "hold" rating and issued a $65.00 price objective on shares of Brunswick in a report on Thursday. Seven analysts have rated the stock with a Buy rating and nine have given a Hold rating to the company. According to MarketBeat.com, the stock presently has an average rating of "Hold" and an average target price of $71.08.

Brunswick Trading Up 8.2%

Brunswick stock opened at $70.39 on Friday. Brunswick has a 12 month low of $41.00 and a 12 month high of $87.65. The company has a market capitalization of $4.60 billion, a price-to-earnings ratio of 113.54 and a beta of 1.36. The business's fifty day simple moving average is $64.10 and its two-hundred day simple moving average is $57.24. The company has a current ratio of 1.68, a quick ratio of 0.70 and a debt-to-equity ratio of 1.10.

Brunswick (NYSE:BC - Get Free Report) last issued its quarterly earnings results on Thursday, October 23rd. The company reported $0.97 earnings per share for the quarter, beating the consensus estimate of $0.84 by $0.13. The firm had revenue of $1.36 billion during the quarter, compared to the consensus estimate of $1.26 billion. Brunswick had a return on equity of 10.73% and a net margin of 0.82%.The company's revenue was up 6.8% on a year-over-year basis. During the same period last year, the company earned $1.17 earnings per share. Brunswick has set its FY 2025 guidance at 3.250-3.25 EPS. As a group, equities analysts predict that Brunswick will post 4.19 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Brunswick

A number of large investors have recently made changes to their positions in the company. Massachusetts Financial Services Co. MA increased its position in shares of Brunswick by 1.3% during the 2nd quarter. Massachusetts Financial Services Co. MA now owns 3,482,887 shares of the company's stock valued at $192,395,000 after purchasing an additional 43,361 shares during the last quarter. Dimensional Fund Advisors LP grew its position in Brunswick by 20.2% during the first quarter. Dimensional Fund Advisors LP now owns 2,504,407 shares of the company's stock valued at $134,857,000 after buying an additional 420,369 shares during the period. Deprince Race & Zollo Inc. grew its position in Brunswick by 2.5% during the third quarter. Deprince Race & Zollo Inc. now owns 1,852,050 shares of the company's stock valued at $117,124,000 after buying an additional 44,431 shares during the period. American Century Companies Inc. increased its holdings in Brunswick by 22.7% during the second quarter. American Century Companies Inc. now owns 1,472,467 shares of the company's stock valued at $81,339,000 after buying an additional 272,815 shares during the last quarter. Finally, Alliancebernstein L.P. raised its position in Brunswick by 23.2% in the second quarter. Alliancebernstein L.P. now owns 1,420,922 shares of the company's stock worth $78,492,000 after acquiring an additional 267,479 shares during the period. 99.34% of the stock is currently owned by institutional investors.

About Brunswick

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.