Brunswick (NYSE:BC) Stock Price Expected to Rise, B. Riley Analyst Says

Key Points

• B. Riley has raised Brunswick's price target from $60.00 to $70.00, indicating a potential upside of 5.19% from the current stock price.
• The average rating for Brunswick is now "Moderate Buy", with a consensus price target of $66.75 based on assessments from various analyst reports.
• Brunswick's recent quarterly earnings surpassed expectations, reporting $1.16 EPS against a consensus estimate of $0.89, with revenue of $1.45 billion.

Brunswick (NYSE:BC - Get Free Report) had its price target hoisted by equities researchers at B. Riley from $60.00 to $70.00 in a report issued on Monday,Benzinga reports. The brokerage presently has a "neutral" rating on the stock. B. Riley's price objective points to a potential upside of 5.19% from the company's current price.

BC has been the topic of several other reports. Wall Street Zen lowered shares of Brunswick from a "buy" rating to a "hold" rating in a research report on Sunday. Robert W. Baird upped their price objective on shares of Brunswick from $56.00 to $60.00 and gave the stock a "neutral" rating in a report on Friday, May 16th. Zacks Research cut shares of Brunswick from a "strong-buy" rating to a "hold" rating in a research report on Thursday, August 21st. Roth Capital boosted their price objective on shares of Brunswick from $60.00 to $68.00 and gave the company a "buy" rating in a report on Wednesday, July 23rd. Finally, DA Davidson lifted their price objective on shares of Brunswick from $43.00 to $59.00 and gave the company a "neutral" rating in a report on Monday, July 28th. Seven research analysts have rated the stock with a Buy rating and seven have assigned a Hold rating to the stock. Based on data from MarketBeat.com, Brunswick has an average rating of "Moderate Buy" and a consensus price target of $66.75.

Brunswick Trading Down 0.1%

Shares of BC stock traded down $0.06 during trading on Monday, hitting $66.55. 190,248 shares of the stock traded hands, compared to its average volume of 939,873. Brunswick has a 52-week low of $41.00 and a 52-week high of $87.65. The company has a debt-to-equity ratio of 1.10, a current ratio of 1.68 and a quick ratio of 0.70. The firm's fifty day moving average price is $61.06 and its 200-day moving average price is $55.53. The firm has a market capitalization of $4.35 billion, a P/E ratio of 107.25 and a beta of 1.36.

Brunswick (NYSE:BC - Get Free Report) last posted its quarterly earnings results on Thursday, July 24th. The company reported $1.16 EPS for the quarter, topping the consensus estimate of $0.89 by $0.27. Brunswick had a net margin of 0.82% and a return on equity of 10.73%. The business had revenue of $1.45 billion during the quarter, compared to the consensus estimate of $1.25 billion. During the same quarter in the previous year, the firm posted $1.80 earnings per share. The company's quarterly revenue was up .2% compared to the same quarter last year. Brunswick has set its FY 2025 guidance at 3.250-3.250 EPS. Q3 2025 guidance at 0.750-0.900 EPS. As a group, research analysts forecast that Brunswick will post 4.19 earnings per share for the current fiscal year.

Insider Activity

In related news, VP Christopher F. Dekker sold 2,092 shares of the business's stock in a transaction that occurred on Wednesday, June 11th. The stock was sold at an average price of $58.47, for a total value of $122,319.24. Following the completion of the sale, the vice president owned 44,466 shares in the company, valued at $2,599,927.02. The trade was a 4.49% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Company insiders own 0.85% of the company's stock.

Institutional Investors Weigh In On Brunswick

Several hedge funds and other institutional investors have recently added to or reduced their stakes in BC. Hudson Edge Investment Partners Inc. boosted its holdings in Brunswick by 63.2% in the first quarter. Hudson Edge Investment Partners Inc. now owns 12,361 shares of the company's stock worth $666,000 after acquiring an additional 4,787 shares in the last quarter. Bank of New York Mellon Corp increased its position in Brunswick by 0.6% during the first quarter. Bank of New York Mellon Corp now owns 770,820 shares of the company's stock valued at $41,509,000 after acquiring an additional 4,311 shares during the last quarter. GAMMA Investing LLC increased its position in Brunswick by 59.3% during the first quarter. GAMMA Investing LLC now owns 1,276 shares of the company's stock valued at $69,000 after acquiring an additional 475 shares during the last quarter. Wealth Enhancement Advisory Services LLC increased its position in Brunswick by 7.1% during the first quarter. Wealth Enhancement Advisory Services LLC now owns 7,349 shares of the company's stock valued at $396,000 after acquiring an additional 484 shares during the last quarter. Finally, Allianz Asset Management GmbH increased its position in Brunswick by 125.2% in the first quarter. Allianz Asset Management GmbH now owns 10,047 shares of the company's stock worth $541,000 after buying an additional 5,585 shares in the last quarter. 99.34% of the stock is owned by hedge funds and other 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.

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