Brunswick (NYSE:BC) Price Target Cut to $86.00 by Analysts at Stifel Nicolaus

Brunswick (NYSE:BC) had its price objective decreased by Stifel Nicolaus from $95.00 to $86.00 in a research note issued on Wednesday,Benzinga reports. The firm presently has a “buy” rating on the stock. Stifel Nicolaus’ target price points to a potential upside of 27.48% from the company’s current price.

Several other research firms have also recently weighed in on BC. Truist Financial lowered their target price on Brunswick from $90.00 to $85.00 and set a “buy” rating on the stock in a research note on Tuesday, January 7th. Citigroup increased their target price on shares of Brunswick from $92.00 to $101.00 and gave the stock a “buy” rating in a research report on Friday, September 27th. Benchmark restated a “buy” rating and set a $100.00 price target on shares of Brunswick in a report on Friday, October 25th. Finally, B. Riley lowered Brunswick from a “buy” rating to a “neutral” rating and cut their price objective for the stock from $95.00 to $88.00 in a report on Tuesday, November 26th. Six research analysts have rated the stock with a hold rating and seven have issued a buy rating to the stock. According to data from MarketBeat, Brunswick has an average rating of “Moderate Buy” and an average price target of $87.46.

Brunswick Stock Up 2.5 %

Shares of BC traded up $1.66 during mid-day trading on Wednesday, reaching $67.46. The company’s stock had a trading volume of 160,407 shares, compared to its average volume of 554,716. Brunswick has a 1 year low of $62.64 and a 1 year high of $96.65. The company has a quick ratio of 0.74, a current ratio of 1.97 and a debt-to-equity ratio of 1.17. The company has a market cap of $4.45 billion, a price-to-earnings ratio of 16.78 and a beta of 1.54. The business has a fifty day moving average of $73.84 and a 200 day moving average of $76.99.

Insider Buying and Selling

In related news, Director Nancy E. Cooper sold 366 shares of the stock in a transaction dated Friday, November 1st. The shares were sold at an average price of $80.19, for a total value of $29,349.54. Following the completion of the sale, the director now owns 24,557 shares in the company, valued at approximately $1,969,225.83. This trade represents a 1.47 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Joseph W. Mcclanathan sold 4,745 shares of the business’s stock in a transaction dated Friday, October 25th. The shares were sold at an average price of $80.14, for a total value of $380,264.30. Following the transaction, the director now owns 19,218 shares in the company, valued at $1,540,130.52. This represents a 19.80 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders sold 28,940 shares of company stock valued at $2,321,176. Insiders own 0.81% of the company’s stock.

Institutional Investors Weigh In On Brunswick

Institutional investors and hedge funds have recently bought and sold shares of the business. Envestnet Asset Management Inc. raised its position in Brunswick by 4.3% in the second quarter. Envestnet Asset Management Inc. now owns 167,160 shares of the company’s stock worth $12,164,000 after purchasing an additional 6,853 shares in the last quarter. Massachusetts Financial Services Co. MA lifted its position in shares of Brunswick by 2.3% during the 2nd quarter. Massachusetts Financial Services Co. MA now owns 2,637,962 shares of the company’s stock worth $191,964,000 after buying an additional 58,583 shares during the period. Dimensional Fund Advisors LP boosted its stake in Brunswick by 7.4% in the 2nd quarter. Dimensional Fund Advisors LP now owns 2,096,808 shares of the company’s stock valued at $152,577,000 after buying an additional 144,416 shares in the last quarter. Mercer Global Advisors Inc. ADV grew its position in Brunswick by 13.1% in the second quarter. Mercer Global Advisors Inc. ADV now owns 9,257 shares of the company’s stock valued at $674,000 after acquiring an additional 1,073 shares during the period. Finally, Vanguard Personalized Indexing Management LLC lifted its holdings in shares of Brunswick by 7.1% during the second quarter. Vanguard Personalized Indexing Management LLC now owns 6,233 shares of the company’s stock valued at $441,000 after acquiring an additional 414 shares during the period. Institutional investors own 99.34% of the company’s stock.

About Brunswick

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.