Brunswick (NYSE:BC) Price Target Cut to $64.00 by Analysts at Morgan Stanley

Brunswick (NYSE:BC) had its target price decreased by Morgan Stanley from $78.00 to $64.00 in a research note published on Tuesday morning,Benzinga reports. Morgan Stanley currently has an equal weight rating on the stock.

A number of other research analysts have also commented on the company. Citigroup upped their price target on Brunswick from $92.00 to $101.00 and gave the company a “buy” rating in a research report on Friday, September 27th. Truist Financial reduced their price objective on shares of Brunswick from $90.00 to $85.00 and set a “buy” rating on the stock in a research report on Tuesday, January 7th. Stifel Nicolaus dropped their target price on shares of Brunswick from $95.00 to $86.00 and set a “buy” rating for the company in a research report on Wednesday, January 15th. B. Riley downgraded shares of Brunswick from a “buy” rating to a “neutral” rating and decreased their price target for the stock from $95.00 to $88.00 in a research note on Tuesday, November 26th. Finally, Benchmark reaffirmed a “buy” rating and set a $100.00 price objective on shares of Brunswick in a research report on Friday, October 25th. Six investment analysts have rated the stock with a hold rating and seven have assigned a buy rating to the stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $85.77.

Brunswick Trading Up 2.5 %

Shares of BC stock opened at $69.11 on Tuesday. The company has a debt-to-equity ratio of 1.17, a current ratio of 1.97 and a quick ratio of 0.74. The business has a 50-day moving average of $72.29 and a 200 day moving average of $76.91. The stock has a market capitalization of $4.56 billion, a PE ratio of 17.19 and a beta of 1.54. Brunswick has a 1-year low of $62.64 and a 1-year high of $96.65.

Insider Activity at Brunswick

In other Brunswick news, CEO David M. Foulkes sold 23,829 shares of the firm’s stock in a transaction dated Thursday, October 31st. The stock was sold at an average price of $80.22, for a total value of $1,911,562.38. Following the transaction, the chief executive officer now directly owns 251,094 shares of the company’s stock, valued at approximately $20,142,760.68. This trade represents a 8.67 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director Nancy E. Cooper sold 366 shares of the company’s stock in a transaction dated Friday, November 1st. The shares were sold at an average price of $80.19, for a total transaction of $29,349.54. Following the sale, the director now directly owns 24,557 shares of the company’s stock, valued at $1,969,225.83. The trade was a 1.47 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 28,940 shares of company stock worth $2,321,176 over the last quarter. Company insiders own 0.81% of the company’s stock.

Hedge Funds Weigh In On Brunswick

A number of institutional investors have recently bought and sold shares of BC. Nisa Investment Advisors LLC increased its position in Brunswick by 0.5% in the third quarter. Nisa Investment Advisors LLC now owns 26,731 shares of the company’s stock worth $2,241,000 after buying an additional 145 shares in the last quarter. Inspire Investing LLC grew its stake in shares of Brunswick by 2.8% during the 3rd quarter. Inspire Investing LLC now owns 5,545 shares of the company’s stock valued at $465,000 after acquiring an additional 153 shares during the period. Wealth Enhancement Advisory Services LLC increased its holdings in Brunswick by 3.9% in the 3rd quarter. Wealth Enhancement Advisory Services LLC now owns 4,647 shares of the company’s stock worth $390,000 after acquiring an additional 174 shares in the last quarter. CWM LLC raised its stake in Brunswick by 21.6% during the 3rd quarter. CWM LLC now owns 1,323 shares of the company’s stock worth $111,000 after acquiring an additional 235 shares during the period. Finally, US Bancorp DE lifted its holdings in Brunswick by 3.0% during the third quarter. US Bancorp DE now owns 8,214 shares of the company’s stock valued at $689,000 after purchasing an additional 241 shares in the last quarter. 99.34% of the stock is owned by institutional investors.

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.