Brunswick (NYSE:BC) Stock Price Expected to Rise, JPMorgan Chase & Co. Analyst Says

Key Points

• JPMorgan Chase & Co. has increased its price target for Brunswick from $63.00 to $70.00, indicating a potential upside of 9.96% from the current stock price.
• Brunswick's recent quarterly earnings report showed $1.16 EPS, exceeding analysts' expectations, with revenue of $1.45 billion for the quarter.
• Institutional investors hold 99.34% of Brunswick's stock, with significant increases in stakes from firms like AQR Capital Management and Franklin Resources.

Brunswick (NYSE:BC - Get Free Report) had its price objective increased by equities research analysts at JPMorgan Chase & Co. from $63.00 to $70.00 in a report released on Tuesday,Benzinga reports. The firm presently has a "neutral" rating on the stock. JPMorgan Chase & Co.'s price target points to a potential upside of 9.96% from the stock's current price.

BC has been the subject of a number of other reports. DA Davidson lifted their target price on shares of Brunswick from $43.00 to $59.00 and gave the stock a "neutral" rating in a research note on Monday, July 28th. Wall Street Zen raised shares of Brunswick from a "hold" rating to a "buy" rating in a research report on Monday, September 15th. Zacks Research lowered shares of Brunswick from a "strong-buy" rating to a "hold" rating in a research report on Thursday, August 21st. B. Riley raised their price target on shares of Brunswick from $60.00 to $70.00 and gave the stock a "neutral" rating in a research report on Monday, September 8th. Finally, Citigroup reissued a "buy" rating on shares of Brunswick in a research report on Wednesday, August 27th. Seven investment analysts have rated the stock with a Buy rating and eight have issued a Hold rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of "Hold" and an average price target of $67.00.

Brunswick Stock Up 0.5%

NYSE:BC opened at $63.66 on Tuesday. Brunswick has a fifty-two week low of $41.00 and a fifty-two week high of $87.65. The stock has a market capitalization of $4.16 billion, a P/E ratio of 102.68 and a beta of 1.36. The company has a debt-to-equity ratio of 1.10, a quick ratio of 0.70 and a current ratio of 1.68. The company's 50-day simple moving average is $62.39 and its 200-day simple moving average is $55.90.

Brunswick (NYSE:BC - Get Free Report) last released its quarterly earnings results on Thursday, July 24th. The company reported $1.16 earnings per share for the quarter, beating analysts' consensus estimates 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 for the quarter, compared to analysts' expectations of $1.25 billion. During the same period last year, the business earned $1.80 EPS. The company's 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. On average, equities analysts anticipate that Brunswick will post 4.19 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Brunswick

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. AQR Capital Management LLC boosted its stake in Brunswick by 812.7% during the 2nd quarter. AQR Capital Management LLC now owns 705,719 shares of the company's stock worth $38,934,000 after purchasing an additional 628,393 shares during the last quarter. Massachusetts Financial Services Co. MA boosted its stake in Brunswick by 17.7% during the 1st quarter. Massachusetts Financial Services Co. MA now owns 3,439,526 shares of the company's stock worth $185,218,000 after purchasing an additional 516,970 shares during the last quarter. Norges Bank acquired a new stake in Brunswick during the 2nd quarter worth $27,990,000. Dimensional Fund Advisors LP boosted its stake in Brunswick by 20.2% during the 1st quarter. Dimensional Fund Advisors LP now owns 2,504,407 shares of the company's stock worth $134,857,000 after purchasing an additional 420,369 shares during the last quarter. Finally, Franklin Resources Inc. boosted its position in shares of Brunswick by 194.2% during the 2nd quarter. Franklin Resources Inc. now owns 574,352 shares of the company's stock valued at $31,727,000 after acquiring an additional 379,155 shares during the last quarter. Hedge funds and other 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.

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