Brunswick (NYSE:BC) Receives “Neutral” Rating from DA Davidson

by · The Cerbat Gem

Brunswick (NYSE:BC – Get Free Report)‘s stock had its “neutral” rating restated by analysts at DA Davidson in a report issued on Monday,Benzinga reports. They currently have a $43.00 target price on the stock, down from their prior target price of $64.00. DA Davidson’s target price would indicate a potential downside of 6.82% from the stock’s current price.

A number of other research analysts have also commented on the stock. Jefferies Financial Group lowered their price objective on shares of Brunswick from $64.00 to $45.00 and set a “hold” rating on the stock in a research note on Thursday. BMO Capital Markets dropped their price objective on Brunswick from $75.00 to $65.00 and set an “outperform” rating for the company in a research report on Friday. B. Riley raised Brunswick to a “hold” rating in a report on Wednesday, February 12th. Roth Mkm reduced their price objective on Brunswick from $91.00 to $85.00 and set a “buy” rating for the company in a report on Friday, January 24th. Finally, Benchmark began coverage on shares of Brunswick in a report on Monday. They set a “buy” rating and a $70.00 price objective for the company. Seven research analysts have rated the stock with a hold rating and seven have given a buy rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $71.00.

Check Out Our Latest Stock Report on Brunswick

Brunswick Price Performance

Shares of BC stock traded down $0.71 on Monday, reaching $46.15. The company’s stock had a trading volume of 272,816 shares, compared to its average volume of 764,908. The company has a market capitalization of $3.04 billion, a P/E ratio of 24.28 and a beta of 1.42. Brunswick has a 12-month low of $41.00 and a 12-month high of $87.65. The company has a quick ratio of 0.63, a current ratio of 1.65 and a debt-to-equity ratio of 1.11. The stock’s 50 day simple moving average is $53.26 and its 200-day simple moving average is $66.43.

Brunswick (NYSE:BC – Get Free Report) last released its earnings results on Thursday, April 24th. The company reported $0.56 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.25 by $0.31. Brunswick had a net margin of 2.48% and a return on equity of 15.41%. The firm had revenue of $1.22 billion during the quarter, compared to analyst estimates of $1.14 billion. During the same quarter last year, the business earned $1.35 EPS. The business’s revenue was down 10.5% on a year-over-year basis. As a group, equities analysts predict that Brunswick will post 4.19 earnings per share for the current fiscal year.

Insider Activity at Brunswick

In related news, Director Nancy E. Cooper sold 433 shares of the business’s stock in a transaction on Monday, February 3rd. The shares were sold at an average price of $65.65, for a total transaction of $28,426.45. Following the transaction, the director now directly owns 25,361 shares in the company, valued at approximately $1,664,949.65. The trade was a 1.68 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, SVP Randall S. Altman sold 3,417 shares of the business’s stock in a transaction on Wednesday, February 26th. The stock was sold at an average price of $63.21, for a total transaction of $215,988.57. Following the completion of the sale, the senior vice president now directly owns 26,683 shares in the company, valued at approximately $1,686,632.43. This represents a 11.35 % decrease in their position. The disclosure for this sale can be found here. 0.81% of the stock is owned by insiders.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently made changes to their positions in the company. FIL Ltd lifted its stake in Brunswick by 323.9% in the 4th quarter. FIL Ltd now owns 1,114,324 shares of the company’s stock worth $72,074,000 after purchasing an additional 851,449 shares in the last quarter. Turtle Creek Asset Management Inc. lifted its position in shares of Brunswick by 19.7% during the fourth quarter. Turtle Creek Asset Management Inc. now owns 2,965,460 shares of the company’s stock worth $191,806,000 after purchasing an additional 488,412 shares in the last quarter. Norges Bank purchased a new position in shares of Brunswick during the fourth quarter worth approximately $30,097,000. Raymond James Financial Inc. acquired a new position in Brunswick during the fourth quarter worth about $29,646,000. Finally, JPMorgan Chase & Co. lifted its stake in shares of Brunswick by 18.1% during the fourth quarter. JPMorgan Chase & Co. now owns 1,757,186 shares of the company’s stock valued at $113,655,000 after buying an additional 269,413 shares during the period. Institutional investors own 99.34% of the company’s stock.

Brunswick Company Profile

(Get Free Report)

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.

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