DA Davidson Issues Positive Forecast for Brunswick (NYSE:BC) Stock Price

Brunswick (NYSE:BC) had its target price hoisted by DA Davidson from $68.00 to $76.00 in a research note released on Monday morning,Benzinga reports. The firm currently has a neutral rating on the stock.

Several other research firms also recently commented on BC. BMO Capital Markets lifted their price objective on Brunswick from $65.00 to $75.00 and gave the stock an “outperform” rating in a report on Friday, October 24th. Texas Capital downgraded shares of Brunswick from a “strong-buy” rating to a “hold” rating in a report on Monday, January 12th. Jefferies Financial Group set a $115.00 price objective on shares of Brunswick and gave the company a “buy” rating in a report on Tuesday, January 6th. Citigroup increased their price objective on shares of Brunswick from $100.00 to $101.00 and gave the company a “buy” rating in a research report on Monday. Finally, Weiss Ratings reaffirmed a “sell (d+)” rating on shares of Brunswick in a research report on Monday, December 29th. Six investment analysts have rated the stock with a Buy rating, eight have assigned a Hold rating and one has issued a Sell rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus target price of $83.93.

Brunswick Price Performance

Shares of NYSE BC opened at $82.14 on Monday. The firm has a market cap of $5.34 billion, a P/E ratio of -38.75 and a beta of 1.39. Brunswick has a twelve month low of $41.00 and a twelve month high of $89.61. The company has a quick ratio of 0.61, a current ratio of 1.44 and a debt-to-equity ratio of 1.11. The company has a 50 day moving average of $77.98 and a 200 day moving average of $68.60.

Brunswick (NYSE:BC) last issued its earnings results on Thursday, January 29th. The company reported $0.58 EPS for the quarter, meeting the consensus estimate of $0.58. Brunswick had a positive return on equity of 12.22% and a negative net margin of 2.56%.The business had revenue of $1.33 billion for the quarter, compared to the consensus estimate of $1.21 billion. During the same period last year, the business posted $0.24 EPS. The company’s revenue was up 15.5% compared to the same quarter last year. As a group, research analysts expect that Brunswick will post 4.19 EPS for the current fiscal year.

Institutional Inflows and Outflows

Institutional investors have recently added to or reduced their stakes in the business. Truist Financial Corp bought a new stake in shares of Brunswick during the 4th quarter valued at $224,000. North Star Investment Management Corp. purchased a new position in Brunswick during the fourth quarter valued at $445,000. State of New Jersey Common Pension Fund D grew its holdings in Brunswick by 2.2% during the fourth quarter. State of New Jersey Common Pension Fund D now owns 35,008 shares of the company’s stock valued at $2,599,000 after purchasing an additional 739 shares during the period. M&T Bank Corp grew its holdings in Brunswick by 4.1% during the fourth quarter. M&T Bank Corp now owns 20,482 shares of the company’s stock valued at $1,520,000 after purchasing an additional 804 shares during the period. Finally, D.A. Davidson & CO. bought a new position in shares of Brunswick during the 4th quarter valued at approximately $228,000. 99.34% of the stock is currently owned by institutional investors.

About Brunswick

Founded in 1845 by John Moses Brunswick, Brunswick Corporation is a global leader in recreation products. Headquartered in Mettawa, Illinois, the company has evolved from its origins as a billiard table manufacturer into a diversified supplier of leisure equipment, serving both consumer and commercial markets around the world.

Brunswick operates through two primary segments: Marine and Bowling & Billiards. In its Marine segment, the company designs, manufactures and distributes recreational boats, outboard engines and aftermarket parts under recognized brands such as Sea Ray, Bayliner and Mercury Marine.