Brunswick (NYSE:BC) Given New $101.00 Price Target at Citigroup

Brunswick (NYSE:BC) had its price objective hoisted by research analysts at Citigroup from $92.00 to $101.00 in a report issued on Friday, Benzinga reports. The firm currently has a “buy” rating on the stock. Citigroup’s price target indicates a potential upside of 19.48% from the company’s previous close.

A number of other equities analysts have also issued reports on BC. JPMorgan Chase & Co. cut their target price on Brunswick from $78.00 to $75.00 and set a “neutral” rating on the stock in a research report on Wednesday, July 24th. Northcoast Research upgraded Brunswick from a “neutral” rating to a “buy” rating and set a $100.00 target price on the stock in a research note on Monday, July 29th. Jefferies Financial Group reiterated a “hold” rating and set a $70.00 price objective (down from $115.00) on shares of Brunswick in a research report on Friday, July 26th. Robert W. Baird lowered their target price on shares of Brunswick from $95.00 to $93.00 and set an “outperform” rating on the stock in a research note on Friday, July 26th. Finally, Stifel Nicolaus cut their price objective on Brunswick from $97.00 to $95.00 and set a “buy” rating for the company in a report on Friday, July 12th. Six analysts have rated the stock with a hold rating and nine have given a buy rating to the company. Based on data from MarketBeat.com, Brunswick has an average rating of “Moderate Buy” and an average target price of $89.23.

Brunswick Trading Up 1.9 %

NYSE BC opened at $84.53 on Friday. The stock has a market cap of $5.71 billion, a P/E ratio of 15.71 and a beta of 1.51. The company’s fifty day simple moving average is $78.41 and its 200-day simple moving average is $80.58. The company has a current ratio of 1.70, a quick ratio of 0.75 and a debt-to-equity ratio of 1.18. Brunswick has a 52 week low of $66.47 and a 52 week high of $99.68.

Brunswick (NYSE:BC) last posted its quarterly earnings data on Thursday, July 25th. The company reported $1.80 earnings per share for the quarter, missing analysts’ consensus estimates of $1.90 by ($0.10). Brunswick had a net margin of 5.92% and a return on equity of 23.46%. The firm had revenue of $1.44 billion during the quarter, compared to analysts’ expectations of $1.55 billion. During the same period in the previous year, the company earned $2.35 earnings per share. The business’s quarterly revenue was down 15.2% on a year-over-year basis. Equities research analysts predict that Brunswick will post 5.26 EPS for the current fiscal year.

Insider Transactions at Brunswick

In other news, Director Nancy E. Cooper sold 358 shares of Brunswick stock in a transaction that occurred on Thursday, August 1st. The shares were sold at an average price of $81.34, for a total value of $29,119.72. Following the transaction, the director now owns 23,877 shares of the company’s stock, valued at $1,942,155.18. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. 0.81% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On Brunswick

Hedge funds have recently modified their holdings of the business. Baillie Gifford & Co. acquired a new stake in Brunswick during the first quarter worth $124,840,000. Lord Abbett & CO. LLC acquired a new position in Brunswick in the first quarter valued at about $38,655,000. Swedbank AB acquired a new position in Brunswick during the first quarter valued at approximately $19,304,000. Vanguard Group Inc. grew its holdings in shares of Brunswick by 2.3% in the 1st quarter. Vanguard Group Inc. now owns 7,266,170 shares of the company’s stock valued at $701,331,000 after buying an additional 160,531 shares during the period. Finally, Dimensional Fund Advisors LP raised its holdings in shares of Brunswick by 7.4% during the second quarter. Dimensional Fund Advisors LP now owns 2,096,808 shares of the company’s stock worth $152,577,000 after acquiring an additional 144,416 shares during the period. 99.34% of the stock is owned by institutional investors.

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.