Brunswick (NYSE:BC) Given Buy Rating at Truist Financial

Brunswick (NYSE:BC)‘s stock had its “buy” rating reaffirmed by research analysts at Truist Financial in a note issued to investors on Tuesday, Benzinga reports. They presently have a $100.00 target price on the stock. Truist Financial’s target price would indicate a potential upside of 29.45% from the stock’s previous close.

Several other analysts have also recently issued reports on BC. StockNews.com initiated coverage on Brunswick in a report on Thursday, August 17th. They set a “buy” rating on the stock. JPMorgan Chase & Co. downgraded shares of Brunswick from an “overweight” rating to a “neutral” rating and reduced their target price for the stock from $109.00 to $79.00 in a report on Monday, September 11th. Jefferies Financial Group lowered their price target on shares of Brunswick from $94.00 to $93.00 and set a “buy” rating for the company in a report on Tuesday. Roth Mkm reissued a “buy” rating and set a $91.00 price objective on shares of Brunswick in a research note on Tuesday. Finally, BMO Capital Markets lowered their price objective on Brunswick from $122.00 to $105.00 and set an “outperform” rating for the company in a research note on Friday, July 28th. Two equities research analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $96.57.

Brunswick Price Performance

Shares of BC traded up $0.97 during mid-day trading on Tuesday, reaching $77.25. The stock had a trading volume of 311,269 shares, compared to its average volume of 608,525. The firm has a market cap of $5.46 billion, a price-to-earnings ratio of 10.14 and a beta of 1.56. Brunswick has a 12 month low of $64.55 and a 12 month high of $93.15. The business has a fifty day moving average of $82.78 and a 200 day moving average of $82.10. The company has a debt-to-equity ratio of 1.15, a quick ratio of 0.85 and a current ratio of 1.92.

Brunswick (NYSE:BC) last released its quarterly earnings data on Thursday, July 27th. The company reported $2.35 earnings per share for the quarter, topping analysts’ consensus estimates of $2.32 by $0.03. The firm had revenue of $1.70 billion during the quarter, compared to analyst estimates of $1.75 billion. Brunswick had a return on equity of 33.86% and a net margin of 8.21%. The business’s quarterly revenue was down 7.3% compared to the same quarter last year. During the same quarter in the prior year, the company posted $2.82 earnings per share. Equities analysts predict that Brunswick will post 9.5 EPS for the current year.

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in the business. International Assets Investment Management LLC acquired a new position in Brunswick during the 1st quarter valued at approximately $52,000. Bank of Montreal Can grew its holdings in shares of Brunswick by 140.4% during the first quarter. Bank of Montreal Can now owns 41,387 shares of the company’s stock valued at $3,496,000 after buying an additional 24,171 shares during the last quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS raised its stake in Brunswick by 10.5% in the 1st quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 28,255 shares of the company’s stock worth $2,286,000 after acquiring an additional 2,694 shares during the last quarter. BlackRock Inc. grew its stake in Brunswick by 0.7% during the 1st quarter. BlackRock Inc. now owns 6,426,552 shares of the company’s stock valued at $519,843,000 after purchasing an additional 46,519 shares during the last quarter. Finally, Great West Life Assurance Co. Can grew its stake in Brunswick by 9.7% during the 1st quarter. Great West Life Assurance Co. Can now owns 45,006 shares of the company’s stock valued at $3,746,000 after purchasing an additional 3,992 shares during the last quarter. 94.44% of the stock is owned by institutional investors and hedge funds.

Brunswick Company Profile

Brunswick Corporation designs, manufactures, and markets recreation products worldwide. It operates through three segments: Propulsion, Parts & Accessories, and Boat. The Propulsion segment provides outboard, sterndrive, and inboard engines for independent boat builders and governments through marine dealers and distributors, specialty marine retailers, and marine service centers; and propulsion-related controls, rigging, and propellers to original equipment manufacturers and aftermarket retailers, distributors, and distribution businesses.