Benchmark Initiates Coverage on Brunswick (NYSE:BC)

Analysts at Benchmark began coverage on shares of Brunswick (NYSE:BCGet Free Report) in a research note issued on Wednesday, MarketBeat.com reports. The brokerage set a “buy” rating and a $100.00 price target on the stock. Benchmark’s target price points to a potential upside of 26.31% from the stock’s current price.

BC has been the subject of several other reports. DA Davidson reissued a “neutral” rating and set a $77.00 target price on shares of Brunswick in a research report on Friday, March 15th. BNP Paribas reiterated a “neutral” rating and set a $82.00 price target (down previously from $94.00) on shares of Brunswick in a report on Monday, April 15th. B. Riley upgraded Brunswick from a “neutral” rating to a “buy” rating and raised their price objective for the company from $100.00 to $108.00 in a research note on Tuesday, February 20th. Morgan Stanley cut their price target on shares of Brunswick from $91.00 to $86.00 and set an “equal weight” rating on the stock in a report on Friday, April 26th. Finally, Roth Mkm restated a “buy” rating and issued a $94.00 price objective on shares of Brunswick in a research note on Thursday, April 25th. Five research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $93.38.

View Our Latest Stock Analysis on BC

Brunswick Trading Down 2.2 %

NYSE BC opened at $79.17 on Wednesday. The business’s 50-day moving average price is $86.66 and its two-hundred day moving average price is $86.10. The company has a current ratio of 1.68, a quick ratio of 0.75 and a debt-to-equity ratio of 1.16. The firm has a market capitalization of $5.35 billion, a PE ratio of 14.72 and a beta of 1.60. Brunswick has a 12 month low of $66.47 and a 12 month high of $99.68.

Brunswick (NYSE:BCGet Free Report) last announced its earnings results on Thursday, April 25th. The company reported $1.35 EPS for the quarter, missing the consensus estimate of $1.36 by ($0.01). Brunswick had a net margin of 6.24% and a return on equity of 25.37%. The business had revenue of $1.37 billion for the quarter, compared to the consensus estimate of $1.36 billion. During the same quarter in the previous year, the company earned $2.57 EPS. The firm’s revenue for the quarter was down 21.7% on a year-over-year basis. On average, analysts expect that Brunswick will post 7.39 EPS for the current year.

Insider Buying and Selling at Brunswick

In other Brunswick news, Director Nancy E. Cooper sold 357 shares of the stock in a transaction on Wednesday, May 1st. The shares were sold at an average price of $80.34, for a total transaction of $28,681.38. Following the completion of the sale, the director now owns 23,211 shares of the company’s stock, valued at approximately $1,864,771.74. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. In related news, CEO David M. Foulkes sold 35,000 shares of Brunswick stock in a transaction that occurred 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 sale, the chief executive officer now directly owns 272,626 shares in the company, valued at $23,748,450.86. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Nancy E. Cooper sold 357 shares of the stock in a transaction on Wednesday, May 1st. The stock was sold at an average price of $80.34, for a total value of $28,681.38. Following the completion of the transaction, the director now owns 23,211 shares of the company’s stock, valued at approximately $1,864,771.74. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 36,582 shares of company stock worth $3,178,092. 0.81% of the stock is currently owned by insiders.

Institutional Trading of Brunswick

Several hedge funds and other institutional investors have recently made changes to their positions in BC. Valley National Advisers Inc. purchased a new position in Brunswick in the 3rd quarter worth approximately $25,000. Principal Securities Inc. bought a new stake in shares of Brunswick in the fourth quarter worth approximately $28,000. Johnson Financial Group Inc. purchased a new position in shares of Brunswick during the fourth quarter valued at approximately $30,000. Rise Advisors LLC lifted its position in Brunswick by 249.5% during the first quarter. Rise Advisors LLC now owns 325 shares of the company’s stock valued at $31,000 after purchasing an additional 232 shares during the period. Finally, SRS Capital Advisors Inc. boosted its holdings in Brunswick by 347.4% in the fourth quarter. SRS Capital Advisors Inc. now owns 434 shares of the company’s stock worth $42,000 after purchasing an additional 337 shares during the last quarter. Hedge funds and other institutional investors own 99.34% of the company’s stock.

About Brunswick

(Get Free Report)

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.

Featured Stories

Analyst Recommendations for Brunswick (NYSE:BC)

Receive News & Ratings for Brunswick Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Brunswick and related companies with MarketBeat.com's FREE daily email newsletter.