Brokerages Set Brunswick Co. (NYSE:BC) Target Price at $88.15

Brunswick Co. (NYSE:BC) has earned a consensus rating of “Moderate Buy” from the thirteen brokerages that are presently covering the firm, MarketBeat.com reports. Six equities research analysts have rated the stock with a hold recommendation and seven have issued a buy recommendation on the company. The average 12 month target price among brokers that have covered the stock in the last year is $87.46.

A number of equities analysts have recently issued reports on BC shares. Stifel Nicolaus dropped their price objective on shares of Brunswick from $95.00 to $86.00 and set a “buy” rating for the company in a research note on Wednesday, January 15th. Truist Financial cut their target price on Brunswick from $90.00 to $85.00 and set a “buy” rating for the company in a research report on Tuesday, January 7th. Benchmark reiterated a “buy” rating and set a $100.00 price objective on shares of Brunswick in a research note on Friday, October 25th. Citigroup upped their target price on shares of Brunswick from $92.00 to $101.00 and gave the stock a “buy” rating in a report on Friday, September 27th. Finally, B. Riley downgraded shares of Brunswick from a “buy” rating to a “neutral” rating and cut their price target for the company from $95.00 to $88.00 in a report on Tuesday, November 26th.

Brunswick Stock Down 0.1 %

BC stock opened at $67.54 on Wednesday. The company has a current ratio of 1.97, a quick ratio of 0.74 and a debt-to-equity ratio of 1.17. The firm has a market cap of $4.46 billion, a PE ratio of 16.80 and a beta of 1.54. Brunswick has a 1 year low of $62.64 and a 1 year high of $96.65. The company has a fifty day simple moving average of $72.83 and a 200 day simple moving average of $76.93.

Insider Buying and Selling at Brunswick

In other Brunswick news, Director Joseph W. Mcclanathan sold 4,745 shares of the firm’s stock in a transaction that occurred on Friday, October 25th. The shares were sold at an average price of $80.14, for a total transaction of $380,264.30. Following the completion of the transaction, the director now owns 19,218 shares in the company, valued at approximately $1,540,130.52. This trade represents a 19.80 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Nancy E. Cooper sold 366 shares of Brunswick stock in a transaction on Friday, November 1st. The stock was sold at an average price of $80.19, for a total transaction of $29,349.54. Following the transaction, the director now directly owns 24,557 shares of the company’s stock, valued at $1,969,225.83. This represents a 1.47 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 28,940 shares of company stock worth $2,321,176 over the last quarter. Corporate insiders own 0.81% of the company’s stock.

Institutional Trading of Brunswick

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. Nisa Investment Advisors LLC lifted its stake in Brunswick by 0.5% during the 3rd quarter. Nisa Investment Advisors LLC now owns 26,731 shares of the company’s stock valued at $2,241,000 after acquiring an additional 145 shares in the last quarter. Inspire Investing LLC raised its holdings in Brunswick by 2.8% during the 3rd quarter. Inspire Investing LLC now owns 5,545 shares of the company’s stock valued at $465,000 after acquiring an additional 153 shares during the period. Wealth Enhancement Advisory Services LLC boosted its holdings in shares of Brunswick by 3.9% in the third quarter. Wealth Enhancement Advisory Services LLC now owns 4,647 shares of the company’s stock worth $390,000 after acquiring an additional 174 shares during the period. CWM LLC grew its position in shares of Brunswick by 21.6% in the third quarter. CWM LLC now owns 1,323 shares of the company’s stock valued at $111,000 after purchasing an additional 235 shares in the last quarter. Finally, US Bancorp DE raised its stake in shares of Brunswick by 3.0% during the 3rd quarter. US Bancorp DE now owns 8,214 shares of the company’s stock valued at $689,000 after purchasing an additional 241 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.