Brunswick (NYSE:BC) Rating Reiterated by Roth Mkm

Brunswick (NYSE:BC)‘s stock had its “buy” rating reaffirmed by research analysts at Roth Mkm in a research report issued to clients and investors on Tuesday, Benzinga reports. They currently have a $91.00 price objective on the stock. Roth Mkm’s price target indicates a potential upside of 18.49% from the stock’s previous close.

BC has been the topic of a number of other reports. Truist Financial cut their price target on shares of Brunswick from $105.00 to $100.00 and set a “buy” rating on the stock in a research report on Friday, July 14th. StockNews.com assumed coverage on shares of Brunswick in a research report on Thursday, August 17th. They set a “buy” rating on the stock. Raymond James lowered their price objective on shares of Brunswick from $90.00 to $88.00 and set an “outperform” rating for the company in a research report on Tuesday. BMO Capital Markets lowered their price target on Brunswick from $122.00 to $105.00 and set an “outperform” rating for the company in a report on Friday, July 28th. Finally, B. Riley decreased their price objective on Brunswick from $108.00 to $106.00 in a research report on Friday, July 28th. Two research analysts have rated the stock with a hold rating and fourteen have given a buy rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $96.57.

Brunswick Trading Up 0.7 %

NYSE BC traded up $0.52 during trading hours on Tuesday, hitting $76.80. The company’s stock had a trading volume of 164,603 shares, compared to its average volume of 607,503. The stock has a fifty day moving average of $82.78 and a 200 day moving average of $82.10. The company has a quick ratio of 0.85, a current ratio of 1.92 and a debt-to-equity ratio of 1.15. Brunswick has a twelve month low of $64.55 and a twelve month high of $93.15. The firm has a market capitalization of $5.43 billion, a P/E ratio of 10.04 and a beta of 1.56.

Brunswick (NYSE:BC) last posted its quarterly earnings results on Thursday, July 27th. The company reported $2.35 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.32 by $0.03. The business had revenue of $1.70 billion for 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 firm’s revenue was down 7.3% on a year-over-year basis. During the same period last year, the company earned $2.82 EPS. Equities research analysts forecast that Brunswick will post 9.5 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Brunswick

A number of institutional investors have recently modified their holdings of BC. Norges Bank bought a new stake in Brunswick in the 4th quarter valued at about $53,519,000. Morgan Stanley raised its stake in Brunswick by 100.6% during the fourth quarter. Morgan Stanley now owns 953,791 shares of the company’s stock worth $68,749,000 after acquiring an additional 478,329 shares in the last quarter. FMR LLC lifted its holdings in shares of Brunswick by 136.7% in the first quarter. FMR LLC now owns 669,133 shares of the company’s stock worth $54,869,000 after acquiring an additional 386,414 shares during the last quarter. Franklin Resources Inc. boosted its stake in shares of Brunswick by 80.3% in the 1st quarter. Franklin Resources Inc. now owns 764,183 shares of the company’s stock valued at $62,663,000 after purchasing an additional 340,454 shares in the last quarter. Finally, Global Alpha Capital Management Ltd. bought a new stake in shares of Brunswick during the 4th quarter valued at approximately $22,270,000. Institutional investors own 94.44% of the company’s stock.

About Brunswick

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.