Brunswick (NYSE:BC) had its target price dropped by Citigroup from $76.00 to $66.00 in a research report issued on Tuesday. The firm currently has a “buy” rating on the stock. Citigroup’s price target suggests a potential upside of 23.90% from the company’s current price.
BC has been the topic of several other research reports. Wedbush upped their target price on Brunswick from $70.00 to $77.00 and gave the stock an “outperform” rating in a report on Monday, August 13th. They noted that the move was a valuation call. KeyCorp upped their target price on Brunswick from $75.00 to $77.00 and gave the stock an “overweight” rating in a report on Friday, July 27th. ValuEngine downgraded Brunswick from a “buy” rating to a “hold” rating in a research report on Tuesday, October 2nd. Zacks Investment Research raised Brunswick from a “sell” rating to a “hold” rating and set a $69.00 price target on the stock in a research report on Monday, October 15th. Finally, TheStreet downgraded Brunswick from a “b” rating to a “c+” rating in a research report on Thursday, October 25th. Three investment analysts have rated the stock with a hold rating and twelve have given a buy rating to the stock. The stock presently has a consensus rating of “Buy” and an average target price of $72.00.
BC traded up $0.23 on Tuesday, hitting $53.27. 87,666 shares of the company were exchanged, compared to its average volume of 1,196,182. Brunswick has a 12 month low of $48.27 and a 12 month high of $69.82. The firm has a market capitalization of $4.62 billion, a PE ratio of 13.69, a PEG ratio of 0.93 and a beta of 1.81. The company has a debt-to-equity ratio of 0.57, a quick ratio of 0.65 and a current ratio of 1.26.
Brunswick (NYSE:BC) last released its earnings results on Thursday, October 25th. The company reported $1.28 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.19 by $0.09. Brunswick had a return on equity of 26.19% and a net margin of 2.12%. The business had revenue of $1.30 billion for the quarter, compared to analyst estimates of $1.26 billion. On average, research analysts forecast that Brunswick will post 4.69 earnings per share for the current year.
In other news, insider John C. Pfeifer sold 5,446 shares of the company’s stock in a transaction that occurred on Monday, October 1st. The stock was sold at an average price of $66.95, for a total value of $364,609.70. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. 1.00% of the stock is owned by insiders.
Several institutional investors have recently bought and sold shares of the company. Meeder Asset Management Inc. grew its position in Brunswick by 1,186.0% during the second quarter. Meeder Asset Management Inc. now owns 2,572 shares of the company’s stock worth $166,000 after buying an additional 2,372 shares in the last quarter. Dubuque Bank & Trust Co. grew its position in Brunswick by 4,476.9% during the third quarter. Dubuque Bank & Trust Co. now owns 2,975 shares of the company’s stock worth $199,000 after buying an additional 2,910 shares in the last quarter. CIBC Asset Management Inc acquired a new stake in Brunswick during the second quarter worth approximately $200,000. GAM Holding AG acquired a new stake in Brunswick during the second quarter worth approximately $203,000. Finally, GWM Advisors LLC acquired a new stake in Brunswick during the third quarter worth approximately $217,000. 96.06% of the stock is currently owned by institutional investors.
Brunswick Company Profile
Brunswick Corporation designs, manufactures, and markets recreation products worldwide. The company's Marine Engine segment offers outboard, sterndrive, and inboard engine and propulsion systems; marine electronics and control integration systems, steering systems, instruments, controls, propellers, trolling motors, fuel systems, service parts, and lubricants; and diesel propulsion systems to the recreational and commercial marine markets.
Read More: Stock Symbols and CUSIP Explained
Receive News & Ratings for Brunswick Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Brunswick and related companies with MarketBeat.com's FREE daily email newsletter.