Brunswick (NYSE:BC) Given New $90.00 Price Target at Truist Financial

Brunswick (NYSE:BCGet Free Report) had its price target cut by analysts at Truist Financial from $95.00 to $90.00 in a report released on Monday, Benzinga reports. The brokerage currently has a “buy” rating on the stock. Truist Financial’s target price indicates a potential upside of 28.39% from the stock’s previous close.

Other analysts also recently issued research reports about the stock. DA Davidson reiterated a “neutral” rating and issued a $77.00 target price on shares of Brunswick in a report on Friday, March 15th. Morgan Stanley lowered their target price on shares of Brunswick from $91.00 to $86.00 and set an “equal weight” rating for the company in a report on Friday, April 26th. BNP Paribas reiterated a “neutral” rating and issued a $82.00 target price (down previously from $94.00) on shares of Brunswick in a report on Monday, April 15th. Roth Mkm reiterated a “buy” rating and issued a $94.00 target price on shares of Brunswick in a report on Thursday, April 25th. Finally, Benchmark assumed coverage on shares of Brunswick in a research report on Wednesday, May 22nd. They issued a “buy” rating and a $100.00 price objective on the stock. Five investment analysts have rated the stock with a hold rating and nine have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, Brunswick currently has an average rating of “Moderate Buy” and a consensus price target of $91.31.

Check Out Our Latest Analysis on BC

Brunswick Stock Up 0.9 %

NYSE BC traded up $0.64 on Monday, hitting $70.10. 153,095 shares of the company were exchanged, compared to its average volume of 723,443. The company has a current ratio of 1.68, a quick ratio of 0.75 and a debt-to-equity ratio of 1.16. The stock has a fifty day moving average of $77.68 and a 200-day moving average of $84.89. Brunswick has a 12 month low of $66.47 and a 12 month high of $99.68. The company has a market cap of $4.74 billion, a PE ratio of 13.03 and a beta of 1.52.

Brunswick (NYSE:BCGet Free Report) last released its quarterly earnings data on Thursday, April 25th. The company reported $1.35 earnings per share for the quarter, missing the consensus estimate of $1.36 by ($0.01). Brunswick had a return on equity of 25.37% and a net margin of 6.24%. The business had revenue of $1.37 billion for the quarter, compared to analyst estimates of $1.36 billion. During the same quarter in the previous year, the company posted $2.57 EPS. The business’s quarterly revenue was down 21.7% on a year-over-year basis. As a group, analysts forecast that Brunswick will post 7.39 earnings per share for the current year.

Insider Activity at Brunswick

In other Brunswick news, Director Nancy E. Cooper sold 357 shares of the business’s stock in a transaction that occurred on Wednesday, May 1st. The shares were sold at an average price of $80.34, for a total value of $28,681.38. Following the completion of the transaction, the director now owns 23,211 shares of the company’s stock, valued at approximately $1,864,771.74. The transaction was disclosed in a filing with the SEC, which is available through this link. In related news, Director Nancy E. Cooper sold 357 shares of the company’s stock in a transaction on Wednesday, May 1st. The shares were sold at an average price of $80.34, for a total transaction of $28,681.38. Following the completion of the sale, the director now directly owns 23,211 shares in the company, valued at approximately $1,864,771.74. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, VP Brenna Preisser sold 1,225 shares of the company’s stock in a transaction on Thursday, May 9th. The stock was sold at an average price of $82.09, for a total transaction of $100,560.25. Following the completion of the transaction, the vice president now owns 58,076 shares of the company’s stock, valued at $4,767,458.84. The disclosure for this sale can be found here. 0.81% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On Brunswick

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the company. Principal Securities Inc. bought a new stake in shares of Brunswick in the fourth quarter valued at about $28,000. Johnson Financial Group Inc. acquired a new position in Brunswick in the 4th quarter valued at $30,000. Rise Advisors LLC increased its stake in shares of Brunswick by 249.5% in the 1st quarter. Rise Advisors LLC now owns 325 shares of the company’s stock worth $31,000 after acquiring an additional 232 shares during the last quarter. SRS Capital Advisors Inc. increased its stake in shares of Brunswick by 347.4% in the 4th quarter. SRS Capital Advisors Inc. now owns 434 shares of the company’s stock worth $42,000 after acquiring an additional 337 shares during the last quarter. Finally, Allspring Global Investments Holdings LLC grew its holdings in shares of Brunswick by 43,700.0% during the 1st quarter. Allspring Global Investments Holdings LLC now owns 438 shares of the company’s stock worth $42,000 after purchasing an additional 437 shares during the period. Institutional investors own 99.34% of the company’s stock.

Brunswick Company Profile

(Get Free Report)

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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Analyst Recommendations for Brunswick (NYSE:BC)

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