Brunswick Corporation (NYSE:BC) Receives $78.92 Consensus PT from Brokerages

Brunswick Corporation (NYSE:BC) has earned an average rating of “Hold” from the fifteen analysts that are currently covering the company, MarketBeat.com reports. One research analyst has rated the stock with a sell rating, eight have issued a hold rating and six have assigned a buy rating to the company. The average 1 year target price among brokers that have covered the stock in the last year is $78.9231.

BC has been the topic of a number of recent research reports. Wall Street Zen lowered shares of Brunswick from a “buy” rating to a “hold” rating in a report on Sunday, December 7th. Loop Capital initiated coverage on Brunswick in a research report on Monday, December 22nd. They set a “hold” rating and a $74.00 target price for the company. Citigroup upped their price target on Brunswick from $82.00 to $100.00 and gave the company a “buy” rating in a research report on Wednesday, January 14th. Jefferies Financial Group set a $115.00 price target on Brunswick and gave the company a “buy” rating in a research note on Tuesday, January 6th. Finally, Robert W. Baird lifted their price objective on Brunswick from $60.00 to $70.00 and gave the stock a “neutral” rating in a research note on Friday, October 24th.

Institutional Investors Weigh In On Brunswick

Several hedge funds and other institutional investors have recently modified their holdings of the company. First Horizon Corp boosted its holdings in Brunswick by 31.7% during the 4th quarter. First Horizon Corp now owns 548 shares of the company’s stock worth $41,000 after acquiring an additional 132 shares during the last quarter. Farther Finance Advisors LLC lifted its position in shares of Brunswick by 72.3% during the fourth quarter. Farther Finance Advisors LLC now owns 379 shares of the company’s stock valued at $28,000 after purchasing an additional 159 shares in the last quarter. Jones Financial Companies Lllp boosted its holdings in Brunswick by 50.6% during the third quarter. Jones Financial Companies Lllp now owns 494 shares of the company’s stock worth $31,000 after purchasing an additional 166 shares during the last quarter. NewEdge Advisors LLC grew its position in Brunswick by 15.2% in the 3rd quarter. NewEdge Advisors LLC now owns 1,332 shares of the company’s stock worth $84,000 after purchasing an additional 176 shares in the last quarter. Finally, Inspire Investing LLC grew its position in Brunswick by 2.2% in the 3rd quarter. Inspire Investing LLC now owns 8,869 shares of the company’s stock worth $561,000 after purchasing an additional 188 shares in the last quarter. Institutional investors own 99.34% of the company’s stock.

Brunswick Stock Up 0.2%

Shares of BC opened at $85.81 on Friday. The firm has a 50 day simple moving average of $76.44 and a two-hundred day simple moving average of $67.97. The company has a debt-to-equity ratio of 1.28, a current ratio of 1.78 and a quick ratio of 0.73. Brunswick has a one year low of $41.00 and a one year high of $89.61. The company has a market cap of $5.58 billion, a P/E ratio of -23.57 and a beta of 1.36.

Brunswick Company Profile

Founded in 1845 by John Moses Brunswick, Brunswick Corporation is a global leader in recreation products. Headquartered in Mettawa, Illinois, the company has evolved from its origins as a billiard table manufacturer into a diversified supplier of leisure equipment, serving both consumer and commercial markets around the world.

Brunswick operates through two primary segments: Marine and Bowling & Billiards. In its Marine segment, the company designs, manufactures and distributes recreational boats, outboard engines and aftermarket parts under recognized brands such as Sea Ray, Bayliner and Mercury Marine.