Shares of Brunswick Co. (NYSE:BC – Get Free Report) have been assigned an average recommendation of “Moderate Buy” from the thirteen ratings firms that are currently covering the firm, Marketbeat.com reports. Five equities research analysts have rated the stock with a hold rating and eight have given a buy rating to the company. The average 12 month target price among analysts that have covered the stock in the last year is $97.00.
Several research firms have issued reports on BC. Morgan Stanley cut their price objective on Brunswick from $84.00 to $77.00 and set an “equal weight” rating for the company in a research report on Friday, October 27th. StockNews.com upgraded Brunswick from a “hold” rating to a “buy” rating in a research report on Friday, October 27th. Stifel Nicolaus raised their price target on Brunswick from $88.00 to $97.00 and gave the company a “buy” rating in a research report on Wednesday, January 17th. Truist Financial raised their price target on Brunswick from $90.00 to $115.00 and gave the company a “buy” rating in a research report on Tuesday, January 9th. Finally, Raymond James cut Brunswick from an “outperform” rating to a “market perform” rating in a research report on Thursday, January 4th.
Brunswick Price Performance
Institutional Inflows and Outflows
A number of institutional investors have recently added to or reduced their stakes in BC. Valley National Advisers Inc. acquired a new position in Brunswick during the 3rd quarter worth $25,000. Rockefeller Capital Management L.P. lifted its holdings in shares of Brunswick by 104.7% in the fourth quarter. Rockefeller Capital Management L.P. now owns 520 shares of the company’s stock valued at $36,000 after buying an additional 266 shares during the period. Fred Alger Management LLC acquired a new stake in shares of Brunswick in the first quarter valued at $40,000. Neo Ivy Capital Management acquired a new stake in shares of Brunswick in the second quarter valued at $46,000. Finally, International Assets Investment Management LLC acquired a new stake in shares of Brunswick in the first quarter valued at $52,000. Institutional investors and hedge funds own 94.44% of the company’s stock.
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.
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