Brunswick (NYSE:BC) Downgraded by Wall Street Zen to Hold

Key Points

• Brunswick (NYSE:BC) has been downgraded by Wall Street Zen from a "buy" to a "hold" rating, amid a series of mixed ratings from other analysts.
• Despite the downgrade, Brunswick recently reported better-than-expected quarterly earnings, with $0.97 EPS surpassing estimates, and revenue of $1.36 billion, up 6.8% year-over-year.
• The current average target price for Brunswick shares is $72.15, with a mix of seven buy ratings and nine hold ratings from various analysts.

Brunswick (NYSE:BC - Get Free Report) was downgraded by analysts at Wall Street Zen from a "buy" rating to a "hold" rating in a report released on Saturday.

BC has been the subject of a number of other reports. Jefferies Financial Group reiterated a "hold" rating and set a $65.00 price objective on shares of Brunswick in a research note on Thursday. Truist Financial lifted their price target on shares of Brunswick from $60.00 to $68.00 and gave the company a "buy" rating in a report on Wednesday, October 15th. JPMorgan Chase & Co. increased their price objective on shares of Brunswick from $63.00 to $70.00 and gave the stock a "neutral" rating in a research note on Tuesday, September 23rd. BMO Capital Markets raised their price objective on shares of Brunswick from $65.00 to $75.00 and gave the company an "outperform" rating in a research report on Friday. Finally, Zacks Research cut shares of Brunswick from a "strong-buy" rating to a "hold" rating in a research note on Thursday, August 21st. Seven research analysts have rated the stock with a Buy rating and nine have assigned a Hold rating to the company's stock. Based on data from MarketBeat.com, Brunswick presently has an average rating of "Hold" and an average target price of $72.15.

Brunswick Trading Up 1.7%

NYSE:BC opened at $71.87 on Friday. Brunswick has a one year low of $41.00 and a one year high of $87.65. The business has a fifty day moving average price of $64.27 and a 200-day moving average price of $57.45. The firm has a market capitalization of $4.70 billion, a price-to-earnings ratio of -19.74 and a beta of 1.36. The company has a debt-to-equity ratio of 1.28, a current ratio of 1.78 and a quick ratio of 0.70.

Brunswick (NYSE:BC - Get Free Report) last released its quarterly earnings results on Thursday, October 23rd. The company reported $0.97 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.84 by $0.13. The business had revenue of $1.36 billion during the quarter, compared to analyst estimates of $1.26 billion. Brunswick had a positive return on equity of 10.55% and a negative net margin of 4.60%.Brunswick's revenue for the quarter was up 6.8% on a year-over-year basis. During the same quarter in the previous year, the company posted $1.17 earnings per share. Brunswick has set its FY 2025 guidance at 3.250-3.25 EPS. Sell-side analysts forecast that Brunswick will post 4.19 EPS for the current year.

Institutional Trading of Brunswick

Hedge funds have recently modified their holdings of the company. Inspire Investing LLC boosted its position in shares of Brunswick by 2.2% during the 3rd quarter. Inspire Investing LLC now owns 8,869 shares of the company's stock valued at $561,000 after acquiring an additional 188 shares during the last quarter. Verdence Capital Advisors LLC raised its stake in Brunswick by 3.1% during the second quarter. Verdence Capital Advisors LLC now owns 6,524 shares of the company's stock valued at $360,000 after purchasing an additional 195 shares in the last quarter. Blue Trust Inc. lifted its position in Brunswick by 24.7% during the second quarter. Blue Trust Inc. now owns 1,041 shares of the company's stock valued at $58,000 after purchasing an additional 206 shares during the last quarter. Voya Investment Management LLC grew its stake in shares of Brunswick by 2.8% in the 1st quarter. Voya Investment Management LLC now owns 8,196 shares of the company's stock worth $441,000 after buying an additional 221 shares in the last quarter. Finally, Geneos Wealth Management Inc. grew its stake in shares of Brunswick by 31.9% in the 2nd quarter. Geneos Wealth Management Inc. now owns 959 shares of the company's stock worth $53,000 after buying an additional 232 shares in the last quarter. 99.34% of the stock is owned by hedge funds and other 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.

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