Brunswick Co. (NYSE:BC – Get Free Report)’s share price gapped down before the market opened on Tuesday after Citigroup lowered their price target on the stock from $92.00 to $85.00. The stock had previously closed at $70.51, but opened at $69.03. Citigroup currently has a buy rating on the stock. Brunswick shares last traded at $68.20, with a volume of 104,119 shares.
A number of other analysts have also recently weighed in on BC. Morgan Stanley decreased their price target on shares of Brunswick from $78.00 to $64.00 and set an “equal weight” rating for the company in a research report on Tuesday, January 21st. Roth Mkm lowered their price objective on Brunswick from $91.00 to $85.00 and set a “buy” rating for the company in a report on Friday, January 24th. B. Riley downgraded shares of Brunswick from a “buy” rating to a “neutral” rating and reduced their price target for the stock from $95.00 to $88.00 in a research report on Tuesday, November 26th. Stifel Nicolaus reduced their price objective on Brunswick from $95.00 to $86.00 and set a “buy” rating for the company in a research report on Wednesday, January 15th. Finally, Benchmark restated a “buy” rating and issued a $100.00 price target on shares of Brunswick in a research note on Friday, October 25th. Six investment analysts have rated the stock with a hold rating and seven have issued a buy rating to the stock. Based on data from MarketBeat.com, Brunswick presently has an average rating of “Moderate Buy” and a consensus price target of $82.54.
View Our Latest Analysis on BC
Insider Transactions at Brunswick
Institutional Trading of Brunswick
Institutional investors have recently added to or reduced their stakes in the business. Oak Thistle LLC acquired a new position in Brunswick during the 4th quarter valued at $368,000. Bank of Montreal Can lifted its holdings in Brunswick by 20.8% during the 2nd quarter. Bank of Montreal Can now owns 40,193 shares of the company’s stock valued at $2,925,000 after purchasing an additional 6,922 shares during the last quarter. Global Alpha Capital Management Ltd. grew its position in Brunswick by 47.5% during the 3rd quarter. Global Alpha Capital Management Ltd. now owns 240,128 shares of the company’s stock worth $20,128,000 after acquiring an additional 77,340 shares during the last quarter. JPMorgan Chase & Co. raised its position in Brunswick by 7.4% in the 3rd quarter. JPMorgan Chase & Co. now owns 1,487,773 shares of the company’s stock valued at $124,705,000 after purchasing an additional 102,780 shares during the last quarter. Finally, Barclays PLC boosted its stake in Brunswick by 78.6% in the third quarter. Barclays PLC now owns 118,189 shares of the company’s stock worth $9,907,000 after purchasing an additional 52,024 shares in the last quarter. 99.34% of the stock is currently owned by institutional investors and hedge funds.
Brunswick Stock Performance
The stock has a 50 day moving average price of $70.91 and a two-hundred day moving average price of $76.70. The company has a market capitalization of $4.50 billion, a price-to-earnings ratio of 16.98 and a beta of 1.54. The company has a debt-to-equity ratio of 1.17, a current ratio of 1.97 and a quick ratio of 0.74.
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.
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