Brunswick (NYSE:BC) Stock Price Expected to Rise, Citigroup Analyst Says

Brunswick (NYSE:BC - Get Free Report) had its price target raised by investment analysts at Citigroup from $61.00 to $68.00 in a research report issued to clients and investors on Monday,Benzinga reports. The brokerage currently has a "buy" rating on the stock. Citigroup's target price indicates a potential upside of 20.73% from the company's current price.

BC has been the topic of a number of other reports. Baird R W downgraded shares of Brunswick from a "strong-buy" rating to a "hold" rating in a research note on Friday, April 4th. Truist Financial dropped their target price on shares of Brunswick from $85.00 to $60.00 and set a "buy" rating on the stock in a report on Monday, April 14th. DA Davidson reissued a "neutral" rating and issued a $43.00 price objective (down from $64.00) on shares of Brunswick in a research report on Monday, April 28th. Robert W. Baird upped their target price on Brunswick from $56.00 to $60.00 and gave the company a "neutral" rating in a research report on Friday, May 16th. Finally, Benchmark began coverage on shares of Brunswick in a research report on Monday, April 28th. They set a "buy" rating and a $70.00 price objective for the company. Seven analysts have rated the stock with a hold rating and seven have given a buy rating to the company's stock. Based on data from MarketBeat, the company presently has an average rating of "Moderate Buy" and an average price target of $70.00.

Brunswick Stock Up 1.2%

Shares of BC traded up $0.70 during mid-day trading on Monday, hitting $56.33. 23,216 shares of the company's stock were exchanged, compared to its average volume of 817,760. The company has a debt-to-equity ratio of 1.11, a current ratio of 1.65 and a quick ratio of 0.63. Brunswick has a 52 week low of $41.00 and a 52 week high of $87.65. The company has a market cap of $3.70 billion, a PE ratio of 29.53 and a beta of 1.27. The company has a 50-day simple moving average of $49.38 and a 200 day simple moving average of $59.00.

Brunswick (NYSE:BC - Get Free Report) last announced its quarterly earnings results on Thursday, April 24th. The company reported $0.56 earnings per share for the quarter, topping analysts' consensus estimates of $0.25 by $0.31. Brunswick had a return on equity of 15.41% and a net margin of 2.48%. The firm had revenue of $1.22 billion for the quarter, compared to the consensus estimate of $1.14 billion. During the same quarter in the previous year, the business earned $1.35 earnings per share. The business's revenue was down 10.5% compared to the same quarter last year. On average, research analysts forecast that Brunswick will post 4.19 earnings per share for the current fiscal year.

Insider Activity at Brunswick

In other news, VP Christopher F. Dekker sold 2,092 shares of the stock in a transaction that occurred on Wednesday, June 11th. The shares were sold at an average price of $58.47, for a total transaction of $122,319.24. Following the completion of the transaction, the vice president now directly owns 44,466 shares of the company's stock, valued at $2,599,927.02. This represents a 4.49% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 0.81% of the stock is currently owned by company insiders.

Institutional Trading of Brunswick

A number of large investors have recently bought and sold shares of the company. Allworth Financial LP increased its holdings in Brunswick by 4,972.7% in the 1st quarter. Allworth Financial LP now owns 558 shares of the company's stock worth $30,000 after acquiring an additional 547 shares during the last quarter. UMB Bank n.a. increased its stake in shares of Brunswick by 695.7% in the first quarter. UMB Bank n.a. now owns 732 shares of the company's stock worth $39,000 after purchasing an additional 640 shares in the last quarter. Geneos Wealth Management Inc. raised its position in shares of Brunswick by 477.0% in the first quarter. Geneos Wealth Management Inc. now owns 727 shares of the company's stock valued at $39,000 after purchasing an additional 601 shares during the period. First Horizon Advisors Inc. lifted 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 valued at $41,000 after buying an additional 477 shares in the last quarter. Finally, Financial Perspectives Inc bought a new position in Brunswick in the 4th quarter worth approximately $42,000. 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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