Brunswick (NYSE:BC) Stock Rating Upgraded by Wall Street Zen

Brunswick (NYSE:BC) was upgraded by equities researchers at Wall Street Zen from a “hold” rating to a “buy” rating in a report issued on Saturday.

Several other brokerages have also recently issued reports on BC. BMO Capital Markets upped their target price on shares of Brunswick from $65.00 to $75.00 and gave the company an “outperform” rating in a report on Friday, October 24th. Zacks Research downgraded shares of Brunswick from a “strong-buy” rating to a “hold” rating in a research note on Thursday, August 21st. Benchmark raised their price objective on Brunswick from $70.00 to $75.00 and gave the stock a “buy” rating in a report on Friday, October 24th. Roth Capital set a $79.00 target price on Brunswick and gave the company a “buy” rating in a report on Thursday, October 30th. Finally, Robert W. Baird raised their price target on Brunswick from $60.00 to $70.00 and gave the stock a “neutral” rating in a research note on Friday, October 24th. Seven research analysts have rated the stock with a Buy rating, eight have assigned a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, Brunswick currently has an average rating of “Hold” and an average price target of $73.54.

Brunswick Stock Performance

Shares of BC stock opened at $66.11 on Friday. The company has a market cap of $4.30 billion, a P/E ratio of -18.16 and a beta of 1.40. The firm has a fifty day moving average price of $64.60 and a 200 day moving average price of $60.90. The company has a current ratio of 1.78, a quick ratio of 0.73 and a debt-to-equity ratio of 1.28. Brunswick has a 12 month low of $41.00 and a 12 month high of $82.03.

Brunswick (NYSE:BC) last announced its quarterly earnings results on Thursday, October 23rd. The company reported $0.97 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.84 by $0.13. The company had revenue of $1.36 billion during the quarter, compared to the consensus estimate of $1.26 billion. Brunswick had a positive return on equity of 10.55% and a negative net margin of 4.60%.Brunswick’s revenue for the quarter was up 6.8% on a year-over-year basis. During the same period in the previous year, the business earned $1.17 EPS. Brunswick has set its FY 2025 guidance at 3.250-3.25 EPS. Sell-side analysts predict that Brunswick will post 4.19 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently modified their holdings of BC. First Horizon Corp purchased a new stake in shares of Brunswick during the third quarter worth approximately $26,000. Jones Financial Companies Lllp raised its position in Brunswick by 50.6% during the 3rd quarter. Jones Financial Companies Lllp now owns 494 shares of the company’s stock worth $31,000 after buying an additional 166 shares during the last quarter. Mirae Asset Global Investments Co. Ltd. acquired a new stake in shares of Brunswick in the 3rd quarter worth $37,000. Quent Capital LLC purchased a new stake in shares of Brunswick in the third quarter valued at about $38,000. Finally, Larson Financial Group LLC increased its stake in shares of Brunswick by 705.4% during the third quarter. Larson Financial Group LLC now owns 596 shares of the company’s stock worth $38,000 after acquiring an additional 522 shares during the period. 99.34% of the stock is currently owned by hedge funds and other institutional investors.

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.