Brunswick (NYSE:BC) Price Target Lowered to $115.00 at Stifel Nicolaus

Brunswick (NYSE:BCGet Rating) had its price objective reduced by Stifel Nicolaus from $123.00 to $115.00 in a note issued to investors on Monday, The Fly reports. Stifel Nicolaus’ target price indicates a potential upside of 54.01% from the stock’s current price.

A number of other brokerages have also commented on BC. Truist Financial decreased their price objective on Brunswick from $120.00 to $110.00 and set a “buy” rating for the company in a research report on Wednesday, January 26th. StockNews.com began coverage on Brunswick in a research note on Thursday, March 31st. They issued a “hold” rating on the stock. Raymond James raised their price objective on Brunswick from $120.00 to $121.00 and gave the company an “outperform” rating in a research note on Friday, January 28th. Citigroup lowered their price objective on Brunswick from $123.00 to $106.00 and set a “buy” rating on the stock in a research report on Tuesday, April 19th. Finally, Zacks Investment Research cut Brunswick from a “buy” rating to a “hold” rating in a research report on Thursday, April 7th. Three research analysts have rated the stock with a hold rating and eleven have given a buy rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Buy” and an average target price of $118.36.

NYSE:BC traded down $1.46 during mid-day trading on Monday, reaching $74.67. 6,352 shares of the stock were exchanged, compared to its average volume of 930,417. The business has a fifty day moving average price of $86.19 and a 200 day moving average price of $93.01. The firm has a market capitalization of $5.72 billion, a PE ratio of 9.93 and a beta of 1.63. Brunswick has a 1-year low of $72.71 and a 1-year high of $117.62. The company has a current ratio of 1.47, a quick ratio of 0.64 and a debt-to-equity ratio of 0.93.

Brunswick (NYSE:BCGet Rating) last issued its quarterly earnings results on Thursday, January 27th. The company reported $1.44 earnings per share for the quarter, topping the Zacks’ consensus estimate of $1.33 by $0.11. The firm had revenue of $1.43 billion for the quarter, compared to analysts’ expectations of $1.38 billion. Brunswick had a return on equity of 36.12% and a net margin of 10.15%. Brunswick’s revenue was up 23.2% on a year-over-year basis. During the same quarter last year, the business posted $1.32 EPS. On average, sell-side analysts forecast that Brunswick will post 10.09 earnings per share for the current year.

In other news, VP Randall S. Altman sold 2,040 shares of the stock in a transaction that occurred on Monday, March 14th. The stock was sold at an average price of $85.86, for a total transaction of $175,154.40. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, CFO Ryan M. Gwillim sold 1,000 shares of the stock in a transaction that occurred on Thursday, February 17th. The stock was sold at an average price of $97.09, for a total value of $97,090.00. The disclosure for this sale can be found here. Insiders have sold 10,894 shares of company stock valued at $1,024,186 over the last three months. Insiders own 0.58% of the company’s stock.

Several hedge funds and other institutional investors have recently made changes to their positions in the company. Louisiana State Employees Retirement System increased its stake in shares of Brunswick by 2.0% during the first quarter. Louisiana State Employees Retirement System now owns 20,200 shares of the company’s stock worth $1,603,000 after purchasing an additional 400 shares during the period. Artemis Investment Management LLP lifted its position in Brunswick by 45.5% during the first quarter. Artemis Investment Management LLP now owns 600,129 shares of the company’s stock worth $48,488,000 after purchasing an additional 187,622 shares during the period. Inspire Investing LLC bought a new stake in Brunswick during the first quarter worth about $233,000. CWM LLC lifted its position in Brunswick by 784.6% during the first quarter. CWM LLC now owns 920 shares of the company’s stock worth $74,000 after purchasing an additional 816 shares during the period. Finally, Copeland Capital Management LLC lifted its position in Brunswick by 0.6% during the first quarter. Copeland Capital Management LLC now owns 662,891 shares of the company’s stock worth $53,621,000 after purchasing an additional 3,906 shares during the period. Institutional investors own 93.98% of the company’s stock.

Brunswick Company Profile (Get Rating)

Brunswick Corporation designs, manufactures, and markets recreation products worldwide. It operates through Propulsion; Parts & Accessories; and Boat segments. The Propulsion segment provides outboard, sterndrive, and inboard engines for independent boat builders and governments through marine dealers and distributors, specialty marine retailers, and marine service centers; and propulsion-related controls, rigging, and propellers to original equipment manufacturers and aftermarket retailers, distributors, and distribution businesses.

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