Brunswick (NYSE:BC) Price Target Lowered to $65.00 at BMO Capital Markets

Brunswick (NYSE:BC - Get Free Report) had its price target dropped by analysts at BMO Capital Markets from $75.00 to $65.00 in a research report issued on Friday,Benzinga reports. The brokerage currently has an "outperform" rating on the stock. BMO Capital Markets' target price would suggest a potential upside of 44.41% from the company's previous close.

BC has been the subject of a number of other research reports. Citigroup cut 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, January 28th. Jefferies Financial Group cut their target price on shares of Brunswick from $64.00 to $45.00 and set a "hold" rating for the company in a research report on Thursday, April 24th. Morgan Stanley increased their target price on shares of Brunswick from $64.00 to $65.00 and gave the stock an "equal weight" rating in a research report on Friday, January 31st. Roth Mkm cut their target price on shares of Brunswick from $91.00 to $85.00 and set a "buy" rating for the company in a research report on Friday, January 24th. Finally, B. Riley upgraded shares of Brunswick to a "hold" rating in a research report on Wednesday, February 12th. Seven analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company's stock. According to data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus price target of $71.00.

Brunswick Trading Down 2.9 %

Shares of NYSE:BC traded down $1.35 during mid-day trading on Friday, hitting $45.01. The stock had a trading volume of 256,831 shares, compared to its average volume of 767,247. The company has a debt-to-equity ratio of 1.11, a quick ratio of 0.63 and a current ratio of 1.65. The company has a market cap of $2.97 billion, a PE ratio of 23.69 and a beta of 1.42. Brunswick has a 12-month low of $41.00 and a 12-month high of $87.65. The company's 50 day moving average is $52.54 and its 200-day moving average is $66.04.

Brunswick (NYSE:BC - Get Free Report) last issued its quarterly earnings results on Thursday, April 24th. The company reported $0.56 EPS for the quarter, beating the consensus estimate of $0.25 by $0.31. The business had revenue of $1.22 billion during the quarter, compared to the consensus estimate of $1.14 billion. Brunswick had a net margin of 2.48% and a return on equity of 15.41%. The firm's quarterly revenue was down 10.5% on a year-over-year basis. During the same quarter in the prior year, the firm earned $1.35 EPS. On average, sell-side analysts predict that Brunswick will post 4.19 EPS for the current year.

Insider Activity at Brunswick

In other Brunswick news, Director Nancy E. Cooper sold 433 shares of the firm's stock in a transaction that occurred on Monday, February 3rd. The stock was sold at an average price of $65.65, for a total value of $28,426.45. Following the completion of the sale, the director now owns 25,361 shares in the company, valued at approximately $1,664,949.65. This trade represents a 1.68 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, SVP Randall S. Altman sold 3,417 shares of the firm's stock in a transaction that occurred on Wednesday, February 26th. The stock was sold at an average price of $63.21, for a total value of $215,988.57. Following the completion of the sale, the senior vice president now owns 26,683 shares of the company's stock, valued at $1,686,632.43. This represents a 11.35 % decrease in their position. The disclosure for this sale can be found here. 0.81% of the stock is owned by corporate insiders.

Institutional Trading of Brunswick

Hedge funds have recently modified their holdings of the company. Armstrong Advisory Group Inc. acquired a new position in shares of Brunswick in the 4th quarter worth approximately $39,000. Financial Perspectives Inc acquired a new position in shares of Brunswick in the 4th quarter worth approximately $42,000. Quarry LP acquired a new position in shares of Brunswick in the 4th quarter worth approximately $45,000. UMB Bank n.a. increased its holdings in Brunswick by 695.7% during the 1st quarter. UMB Bank n.a. now owns 732 shares of the company's stock valued at $39,000 after purchasing an additional 640 shares in the last quarter. Finally, First Horizon Advisors Inc. increased its holdings in Brunswick by 171.6% during the 1st quarter. First Horizon Advisors Inc. now owns 755 shares of the company's stock valued at $41,000 after purchasing an additional 477 shares in the last quarter. Institutional investors own 99.34% of the company's stock.

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.