Brunswick (NYSE:BC) Given “Buy” Rating at Citigroup

Brunswick (NYSE:BC)‘s stock had its “buy” rating reiterated by investment analysts at Citigroup in a research note issued to investors on Monday, MarketBeat Ratings reports. They presently have a $68.00 price target on the stock, up from their prior price target of $61.00. Citigroup’s price objective indicates a potential upside of 22.41% from the stock’s previous close.

Several other analysts have also weighed in on BC. Truist Financial lowered their target price on Brunswick from $85.00 to $60.00 and set a “buy” rating on the stock in a report on Monday, April 14th. DA Davidson reissued a “neutral” rating and set a $43.00 price target (down previously from $64.00) on shares of Brunswick in a research report on Monday, April 28th. BMO Capital Markets dropped their price target on Brunswick from $75.00 to $65.00 and set an “outperform” rating for the company in a research report on Friday, April 25th. Robert W. Baird raised their price target on Brunswick from $56.00 to $60.00 and gave the stock a “neutral” rating in a research report on Friday, May 16th. Finally, Jefferies Financial Group dropped their price target on Brunswick from $64.00 to $45.00 and set a “hold” rating for the company in a research report on Thursday, April 24th. Seven equities research analysts have rated the stock with a hold rating and seven have given a buy rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $70.00.

Brunswick Stock Up 1.0%

Brunswick stock opened at $55.55 on Monday. Brunswick has a twelve month low of $41.00 and a twelve month high of $87.65. The stock has a 50 day moving average of $49.97 and a two-hundred day moving average of $58.79. The company has a current ratio of 1.57, a quick ratio of 0.65 and a debt-to-equity ratio of 1.12. The stock has a market capitalization of $3.65 billion, a price-to-earnings ratio of 45.91 and a beta of 1.27.

Brunswick (NYSE:BC) last posted its quarterly earnings results on Thursday, April 24th. The company reported $0.56 EPS for the quarter, beating the consensus estimate of $0.25 by $0.31. The business had revenue of $1.22 billion during the quarter, compared to analysts’ expectations of $1.14 billion. Brunswick had a return on equity of 12.88% and a net margin of 1.62%. The company’s quarterly revenue was down 10.5% compared to the same quarter last year. During the same period last year, the firm earned $1.35 EPS. As a group, research analysts expect that Brunswick will post 4.19 earnings per share for the current year.

Insider Buying and Selling at Brunswick

In other news, VP Christopher F. Dekker sold 2,092 shares of the stock in a transaction that occurred on Wednesday, June 11th. The stock was sold at an average price of $58.47, for a total transaction of $122,319.24. Following the sale, the vice president now directly owns 44,466 shares in the company, valued at approximately $2,599,927.02. This represents a 4.49% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.81% of the stock is currently owned by insiders.

Institutional Trading of Brunswick

A number of institutional investors and hedge funds have recently made changes to their positions in BC. Allworth Financial LP raised its position in shares of Brunswick by 4,972.7% during the 1st quarter. Allworth Financial LP now owns 558 shares of the company’s stock worth $30,000 after purchasing an additional 547 shares during the period. UMB Bank n.a. grew its holdings in Brunswick by 695.7% in the 1st quarter. UMB Bank n.a. now owns 732 shares of the company’s stock worth $39,000 after buying an additional 640 shares in the last quarter. Geneos Wealth Management Inc. grew its holdings in Brunswick by 477.0% in the 1st quarter. Geneos Wealth Management Inc. now owns 727 shares of the company’s stock worth $39,000 after buying an additional 601 shares in the last quarter. First Horizon Advisors Inc. grew its holdings in Brunswick by 171.6% in the 1st quarter. First Horizon Advisors Inc. now owns 755 shares of the company’s stock worth $41,000 after buying an additional 477 shares in the last quarter. Finally, Financial Perspectives Inc bought a new position in Brunswick in the 4th quarter worth approximately $42,000. 99.34% of the stock is currently owned by institutional investors and hedge funds.

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.