Brunswick (NYSE:BC) Stock Price Expected to Rise, BMO Capital Markets Analyst Says

Key Points

• BMO Capital Markets has raised its price target for Brunswick (NYSE:BC) from $65.00 to $75.00, indicating a potential upside of 6.55% from its previous close.
• Brunswick reported an earnings per share (EPS) of $0.97 for the recent quarter, surpassing analysts' expectations of $0.84, and its revenue increased by 6.8% year-over-year to $1.36 billion.
• The stock currently has a consensus rating of "Hold" from analysts, with seven giving it a "Buy" and nine a "Hold," placing the consensus price target at approximately $70.69.

Brunswick (NYSE:BC - Get Free Report) had its price target increased by equities research analysts at BMO Capital Markets from $65.00 to $75.00 in a research report issued to clients and investors on Friday,Benzinga reports. The firm presently has an "outperform" rating on the stock. BMO Capital Markets' price objective suggests a potential upside of 6.55% from the stock's previous close.

Several other brokerages have also issued reports on BC. Citigroup reiterated a "buy" rating on shares of Brunswick in a research note on Wednesday, August 27th. Weiss Ratings reiterated a "hold (c-)" rating on shares of Brunswick in a research note on Wednesday, October 8th. JPMorgan Chase & Co. lifted their price target on shares of Brunswick from $63.00 to $70.00 and gave the company a "neutral" rating in a research note on Tuesday, September 23rd. Jefferies Financial Group reiterated a "hold" rating and issued a $65.00 price target on shares of Brunswick in a research note on Thursday. Finally, B. Riley lifted their price target on shares of Brunswick from $60.00 to $70.00 and gave the company a "neutral" rating in a research note on Monday, September 8th. Seven equities research analysts have rated the stock with a Buy rating and nine have given a Hold rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of "Hold" and a consensus price target of $70.69.

Brunswick Trading Up 8.2%

BC opened at $70.39 on Friday. The stock has a market capitalization of $4.60 billion, a P/E ratio of 113.54 and a beta of 1.36. Brunswick has a 12 month low of $41.00 and a 12 month high of $87.65. The firm's fifty day simple moving average is $64.10 and its 200 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 posted its quarterly earnings data on Thursday, October 23rd. The company reported $0.97 EPS for the quarter, beating the consensus estimate of $0.84 by $0.13. The business had revenue of $1.36 billion for the quarter, compared to analysts' expectations of $1.26 billion. Brunswick had a net margin of 0.82% and a return on equity of 10.73%. The firm's revenue was up 6.8% compared to the same quarter last year. During the same period in the previous year, the firm posted $1.17 EPS. Brunswick has set its FY 2025 guidance at 3.250-3.25 EPS. As a group, research analysts anticipate that Brunswick will post 4.19 EPS for the current fiscal year.

Institutional Inflows and Outflows

Institutional investors have recently modified their holdings of the company. Allworth Financial LP increased its stake in shares of Brunswick by 4,972.7% during the 1st quarter. Allworth Financial LP now owns 558 shares of the company's stock worth $30,000 after purchasing an additional 547 shares during the last quarter. Parkside Financial Bank & Trust increased its stake in shares of Brunswick by 103.5% during the 2nd quarter. Parkside Financial Bank & Trust now owns 702 shares of the company's stock worth $39,000 after purchasing an additional 357 shares during the last quarter. Geneos Wealth Management Inc. increased its stake in shares of Brunswick by 477.0% during the 1st quarter. Geneos Wealth Management Inc. now owns 727 shares of the company's stock worth $39,000 after purchasing an additional 601 shares during the last quarter. First Horizon Advisors Inc. increased its stake in shares of Brunswick by 171.6% during the 1st quarter. First Horizon Advisors Inc. now owns 755 shares of the company's stock worth $41,000 after purchasing an additional 477 shares during the last quarter. Finally, Signaturefd LLC increased its stake in shares of Brunswick by 451.0% during the 1st quarter. Signaturefd LLC now owns 810 shares of the company's stock worth $44,000 after purchasing an additional 663 shares during the last quarter. 99.34% of the stock is currently owned by institutional investors and hedge funds.

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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