Brunswick (NYSE:BC) Stock Price Expected to Rise, Robert W. Baird Analyst Says

Brunswick (NYSE:BC) had its target price lifted by analysts at Robert W. Baird from $56.00 to $60.00 in a report released on Friday,Benzinga reports. The brokerage presently has a “neutral” rating on the stock. Robert W. Baird’s target price indicates a potential upside of 12.71% from the stock’s previous close.

Other equities analysts also recently issued research reports about the company. Benchmark started coverage on Brunswick in a research report on Monday, April 28th. They issued a “buy” rating and a $70.00 target price on the stock. Roth Mkm decreased their price objective on Brunswick from $91.00 to $85.00 and set a “buy” rating on the stock in a report on Friday, January 24th. Jefferies Financial Group lowered their price objective on Brunswick from $64.00 to $45.00 and set a “hold” rating on the stock in a research report on Thursday, April 24th. BMO Capital Markets reduced their target price on shares of Brunswick from $75.00 to $65.00 and set an “outperform” rating for the company in a research report on Friday, April 25th. Finally, B. Riley upgraded shares of Brunswick to a “hold” rating in a research note on Wednesday, February 12th. Seven equities research analysts have rated the stock with a hold rating and seven have issued a buy rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $71.31.

Brunswick Stock Performance

Shares of NYSE BC opened at $53.24 on Friday. The company has a current ratio of 1.65, a quick ratio of 0.63 and a debt-to-equity ratio of 1.11. The company has a market capitalization of $3.50 billion, a P/E ratio of 28.02 and a beta of 1.28. Brunswick has a 12 month low of $41.00 and a 12 month high of $87.65. The stock has a 50 day moving average of $49.69 and a 200-day moving average of $63.07.

Brunswick (NYSE:BC) last released its quarterly earnings data on Thursday, April 24th. The company reported $0.56 EPS for the quarter, topping analysts’ consensus estimates of $0.25 by $0.31. The firm had revenue of $1.22 billion during the quarter, compared to analysts’ expectations of $1.14 billion. Brunswick had a net margin of 2.48% and a return on equity of 15.41%. The company’s revenue for the quarter was down 10.5% compared to the same quarter last year. During the same period in the previous year, the business posted $1.35 earnings per share. As a group, equities research analysts predict that Brunswick will post 4.19 EPS for the current year.

Insider Buying and Selling

In related news, SVP Randall S. Altman sold 3,417 shares of the firm’s stock in a transaction dated Wednesday, February 26th. The stock was sold at an average price of $63.21, for a total value of $215,988.57. Following the sale, the senior vice president now directly owns 26,683 shares of the company’s stock, valued at $1,686,632.43. This trade represents a 11.35% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this link. 0.81% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On Brunswick

A number of hedge funds have recently made changes to their positions in BC. Barclays PLC boosted its position in Brunswick by 78.6% in the third quarter. Barclays PLC now owns 118,189 shares of the company’s stock valued at $9,907,000 after buying an additional 52,024 shares in the last quarter. Wealth Enhancement Advisory Services LLC grew its position in Brunswick by 5.1% during the 4th quarter. Wealth Enhancement Advisory Services LLC now owns 4,883 shares of the company’s stock worth $316,000 after acquiring an additional 236 shares during the last quarter. Oak Thistle LLC acquired a new position in Brunswick in the 4th quarter worth about $368,000. Armstrong Advisory Group Inc. acquired a new position in Brunswick in the 4th quarter worth about $39,000. Finally, Perpetual Ltd bought a new position in Brunswick in the fourth quarter valued at about $323,000. 99.34% of the stock is currently owned by institutional investors and hedge funds.

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.