Brunswick (NYSE:BC) Price Target Raised to $101.00 at Citigroup

Brunswick (NYSE:BC) had its target price hoisted by Citigroup from $100.00 to $101.00 in a research note issued to investors on Monday morning,Benzinga reports. Citigroup currently has a buy rating on the stock.

Other equities research analysts have also recently issued research reports about the stock. Morgan Stanley set a $81.00 target price on shares of Brunswick in a research note on Friday, January 16th. B. Riley reissued a “neutral” rating and set a $80.00 price objective (up previously from $70.00) on shares of Brunswick in a report on Friday. Robert W. Baird set a $85.00 price objective on Brunswick in a research report on Friday. Truist Financial raised their target price on Brunswick from $60.00 to $68.00 and gave the stock a “buy” rating in a research report on Wednesday, October 15th. Finally, Loop Capital assumed coverage on shares of Brunswick in a report on Monday, December 22nd. They issued a “hold” rating and a $74.00 price target on the stock. Six research analysts have rated the stock with a Buy rating, eight have given a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and an average price target of $83.93.

Brunswick Stock Up 2.4%

BC opened at $82.14 on Monday. The business has a 50 day moving average of $77.98 and a 200-day moving average of $68.60. The stock has a market capitalization of $5.34 billion, a price-to-earnings ratio of -38.75 and a beta of 1.39. The company has a current ratio of 1.44, a quick ratio of 0.61 and a debt-to-equity ratio of 1.11. Brunswick has a 1-year low of $41.00 and a 1-year high of $89.61.

Brunswick (NYSE:BC) last released its earnings results on Thursday, January 29th. The company reported $0.58 EPS for the quarter, meeting the consensus estimate of $0.58. The firm had revenue of $1.33 billion during the quarter, compared to analysts’ expectations of $1.21 billion. Brunswick had a negative net margin of 2.56% and a positive return on equity of 12.22%. The business’s quarterly revenue was up 15.5% compared to the same quarter last year. During the same period in the prior year, the company earned $0.24 EPS. As a group, sell-side analysts anticipate that Brunswick will post 4.19 earnings per share for the current year.

Institutional Investors Weigh In On Brunswick

Large investors have recently made changes to their positions in the company. First Horizon Corp bought a new position in Brunswick during the 3rd quarter valued at about $26,000. Farther Finance Advisors LLC raised its stake in shares of Brunswick by 72.3% in the fourth quarter. Farther Finance Advisors LLC now owns 379 shares of the company’s stock valued at $28,000 after acquiring an additional 159 shares during the last quarter. V Square Quantitative Management LLC acquired a new position in shares of Brunswick in the 4th quarter worth approximately $30,000. Jones Financial Companies Lllp boosted its holdings in shares of Brunswick by 50.6% in the 3rd quarter. Jones Financial Companies Lllp now owns 494 shares of the company’s stock worth $31,000 after acquiring an additional 166 shares in the last quarter. Finally, Mirae Asset Global Investments Co. Ltd. bought a new stake in Brunswick during the 3rd quarter worth approximately $37,000. Institutional investors own 99.34% of the company’s stock.

Brunswick Company Profile

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.