Brunswick (NYSE:BC) Stock Rating Upgraded by Northcoast Research

Brunswick (NYSE:BC) was upgraded by equities research analysts at Northcoast Research from a “neutral” rating to a “buy” rating in a report issued on Monday, MarketBeat Ratings reports. The brokerage currently has a $100.00 price objective on the stock. Northcoast Research’s target price indicates a potential upside of 20.47% from the company’s current price.

Other research analysts have also recently issued reports about the company. B. Riley lowered their price objective on Brunswick from $108.00 to $97.00 and set a “buy” rating on the stock in a research report on Wednesday, July 10th. Benchmark reaffirmed a “buy” rating and set a $100.00 price objective on shares of Brunswick in a research report on Friday, July 26th. Robert W. Baird lowered their price objective on Brunswick from $95.00 to $93.00 and set an “outperform” rating on the stock in a research report on Friday, July 26th. JPMorgan Chase & Co. lowered their price target on Brunswick from $78.00 to $75.00 and set a “neutral” rating on the stock in a report on Wednesday, July 24th. Finally, Truist Financial lowered their price target on Brunswick from $95.00 to $90.00 and set a “buy” rating on the stock in a report on Monday, July 8th. Six research analysts have rated the stock with a hold rating and nine have given a buy rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $88.21.

Brunswick Price Performance

NYSE BC opened at $83.01 on Monday. The company has a market capitalization of $5.61 billion, a price-to-earnings ratio of 15.43 and a beta of 1.52. The company has a debt-to-equity ratio of 1.18, a quick ratio of 0.75 and a current ratio of 1.70. The stock has a 50-day moving average of $76.15 and a 200 day moving average of $82.97. Brunswick has a one year low of $66.47 and a one year high of $99.68.

Brunswick (NYSE:BC) last announced its earnings results on Thursday, July 25th. The company reported $1.80 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.90 by ($0.10). Brunswick had a return on equity of 23.46% and a net margin of 5.92%. The firm had revenue of $1.44 billion during the quarter, compared to analysts’ expectations of $1.55 billion. During the same period in the previous year, the business posted $2.35 earnings per share. The company’s revenue for the quarter was down 15.2% on a year-over-year basis. On average, sell-side analysts forecast that Brunswick will post 6.13 EPS for the current year.

Insider Activity

In other news, VP Brenna Preisser sold 1,225 shares of the business’s stock in a transaction that occurred on Thursday, May 9th. The stock was sold at an average price of $82.09, for a total transaction of $100,560.25. Following the transaction, the vice president now owns 58,076 shares of the company’s stock, valued at approximately $4,767,458.84. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Corporate insiders own 0.81% of the company’s stock.

Hedge Funds Weigh In On Brunswick

Large investors have recently bought and sold shares of the business. Principal Securities Inc. purchased a new position in Brunswick during the 4th quarter valued at $28,000. Johnson Financial Group Inc. purchased a new stake in shares of Brunswick in the 4th quarter worth $30,000. Rise Advisors LLC lifted its holdings in shares of Brunswick by 249.5% in the 1st quarter. Rise Advisors LLC now owns 325 shares of the company’s stock worth $31,000 after buying an additional 232 shares during the period. SRS Capital Advisors Inc. lifted its holdings in shares of Brunswick by 347.4% in the 4th quarter. SRS Capital Advisors Inc. now owns 434 shares of the company’s stock worth $42,000 after buying an additional 337 shares during the period. Finally, Allspring Global Investments Holdings LLC lifted its holdings in shares of Brunswick by 43,700.0% in the 1st quarter. Allspring Global Investments Holdings LLC now owns 438 shares of the company’s stock worth $42,000 after buying an additional 437 shares during the period. Hedge funds and other institutional investors own 99.34% of the company’s stock.

Brunswick Company Profile

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.