Brunswick (NYSE:BC) Raised to “Strong-Buy” at Seaport Res Ptn

Brunswick (NYSE:BC) was upgraded by stock analysts at Seaport Res Ptn to a “strong-buy” rating in a report issued on Monday,Zacks.com reports.

A number of other research firms have also issued reports on BC. Wall Street Zen lowered Brunswick from a “buy” rating to a “hold” rating in a report on Sunday. JPMorgan Chase & Co. increased their price target on Brunswick from $63.00 to $70.00 and gave the company a “neutral” rating in a research report on Tuesday, September 23rd. Robert W. Baird lifted their price objective on Brunswick from $60.00 to $70.00 and gave the company a “neutral” rating in a research note on Friday, October 24th. Zacks Research lowered shares of Brunswick from a “strong-buy” rating to a “hold” rating in a research note on Thursday, August 21st. Finally, Citigroup raised their target price on shares of Brunswick from $74.00 to $82.00 and gave the company a “buy” rating in a report on Friday, October 24th. One analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating, eight have issued a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat, the company has an average rating of “Hold” and an average target price of $73.54.

Brunswick Trading Up 0.3%

NYSE BC opened at $71.51 on Monday. The company has a debt-to-equity ratio of 1.28, a quick ratio of 0.73 and a current ratio of 1.78. The firm has a market cap of $4.65 billion, a price-to-earnings ratio of -19.64 and a beta of 1.37. The firm has a 50 day simple moving average of $65.54 and a 200-day simple moving average of $61.91. Brunswick has a one year low of $41.00 and a one year high of $78.13.

Brunswick (NYSE:BC) last released its 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. Brunswick had a negative net margin of 4.60% and a positive return on equity of 10.55%. The company had revenue of $1.36 billion for the quarter, compared to analyst estimates of $1.26 billion. During the same period in the prior year, the business earned $1.17 EPS. The firm’s quarterly revenue was up 6.8% on a year-over-year basis. Brunswick has set its FY 2025 guidance at 3.250-3.25 EPS. Equities research analysts anticipate that Brunswick will post 4.19 EPS for the current fiscal year.

Institutional Inflows and Outflows

Large investors have recently modified their holdings of the stock. First Horizon Corp acquired a new stake in Brunswick during the 3rd quarter worth $26,000. Jones Financial Companies Lllp grew its holdings in shares of Brunswick by 50.6% during the third quarter. Jones Financial Companies Lllp now owns 494 shares of the company’s stock worth $31,000 after purchasing an additional 166 shares during the last quarter. Mirae Asset Global Investments Co. Ltd. acquired a new stake in shares of Brunswick during the third quarter worth about $37,000. Quent Capital LLC acquired a new stake in shares of Brunswick in the 3rd quarter valued at about $38,000. Finally, Larson Financial Group LLC boosted its position in shares of Brunswick by 705.4% in the 3rd quarter. Larson Financial Group LLC now owns 596 shares of the company’s stock valued at $38,000 after purchasing an additional 522 shares during the period. Institutional investors and hedge funds 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.