Brunswick (NYSE:BC) Rating Reiterated by BNP Paribas

Brunswick (NYSE:BC)‘s stock had its “neutral” rating reaffirmed by analysts at BNP Paribas in a research report issued on Monday, Marketbeat Ratings reports. They currently have a $82.00 price target on the stock, down from their previous price target of $94.00. BNP Paribas’ price target points to a potential downside of 3.40% from the company’s previous close.

Several other brokerages also recently commented on BC. Truist Financial reduced their target price on Brunswick from $115.00 to $105.00 and set a “buy” rating for the company in a research note on Friday, February 2nd. B. Riley upgraded Brunswick from a “neutral” rating to a “buy” rating and lifted their price target for the company from $100.00 to $108.00 in a research note on Tuesday, February 20th. Roth Mkm lifted their price target on Brunswick from $85.00 to $94.00 and gave the company a “buy” rating in a research note on Friday, February 2nd. Stifel Nicolaus lifted their price target on Brunswick from $88.00 to $97.00 and gave the company a “buy” rating in a research note on Wednesday, January 17th. Finally, Raymond James downgraded Brunswick from an “outperform” rating to a “market perform” rating in a research note on Thursday, January 4th. Five investment analysts have rated the stock with a hold rating and eight have given a buy rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $92.69.

Brunswick Stock Performance

BC stock opened at $84.89 on Monday. The stock has a 50-day moving average price of $89.45 and a 200-day moving average price of $84.50. Brunswick has a 1-year low of $66.47 and a 1-year high of $99.68. The company has a current ratio of 1.43, a quick ratio of 0.59 and a debt-to-equity ratio of 0.95. The firm has a market cap of $5.84 billion, a PE ratio of 14.27 and a beta of 1.56.

Brunswick (NYSE:BC) last issued its earnings results on Thursday, February 1st. The company reported $1.45 EPS for the quarter, missing the consensus estimate of $1.66 by ($0.21). The firm had revenue of $1.36 billion during the quarter, compared to analyst estimates of $1.44 billion. Brunswick had a net margin of 6.57% and a return on equity of 29.78%. The business’s quarterly revenue was down 14.0% on a year-over-year basis. During the same quarter in the prior year, the business earned $1.99 earnings per share. As a group, equities research analysts expect that Brunswick will post 7.49 earnings per share for the current year.

Insider Transactions at Brunswick

In related news, CEO David M. Foulkes sold 35,000 shares of the company’s stock in a transaction on Monday, February 26th. The shares were sold at an average price of $87.11, for a total value of $3,048,850.00. Following the completion of the transaction, the chief executive officer now directly owns 272,626 shares in the company, valued at $23,748,450.86. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. In related news, EVP John G. Buelow sold 2,426 shares of the company’s stock in a transaction on Friday, February 16th. The shares were sold at an average price of $87.12, for a total value of $211,353.12. Following the completion of the transaction, the executive vice president now directly owns 14,199 shares in the company, valued at $1,237,016.88. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO David M. Foulkes sold 35,000 shares of the company’s stock in a transaction on Monday, February 26th. The stock was sold at an average price of $87.11, for a total transaction of $3,048,850.00. Following the completion of the transaction, the chief executive officer now owns 272,626 shares of the company’s stock, valued at $23,748,450.86. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 52,696 shares of company stock valued at $4,574,199. 0.81% of the stock is currently owned by company insiders.

Institutional Trading of Brunswick

Several institutional investors have recently added to or reduced their stakes in the business. BlackRock Inc. boosted its position in Brunswick by 0.7% during the first quarter. BlackRock Inc. now owns 6,426,552 shares of the company’s stock valued at $519,843,000 after buying an additional 46,519 shares during the period. FMR LLC raised its stake in shares of Brunswick by 140.4% during the third quarter. FMR LLC now owns 3,435,357 shares of the company’s stock valued at $271,393,000 after acquiring an additional 2,006,578 shares during the last quarter. State Street Corp raised its stake in shares of Brunswick by 2.6% during the first quarter. State Street Corp now owns 2,121,553 shares of the company’s stock valued at $171,612,000 after acquiring an additional 53,083 shares during the last quarter. American Century Companies Inc. raised its stake in shares of Brunswick by 0.5% during the third quarter. American Century Companies Inc. now owns 1,972,076 shares of the company’s stock valued at $155,794,000 after acquiring an additional 9,465 shares during the last quarter. Finally, Dimensional Fund Advisors LP raised its stake in shares of Brunswick by 2.5% during the fourth quarter. Dimensional Fund Advisors LP now owns 1,917,051 shares of the company’s stock valued at $185,483,000 after acquiring an additional 47,053 shares during the last quarter. 99.34% of the stock is currently owned by hedge funds and other institutional investors.

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.