Morgan Stanley Issues Positive Forecast for Brunswick (NYSE:BC) Stock Price

Brunswick (NYSE:BC) had its target price hoisted by Morgan Stanley from $64.00 to $65.00 in a research note released on Friday,Benzinga reports. The firm currently has an equal weight rating on the stock.

Other analysts also recently issued research reports about the stock. Roth Mkm decreased their price target on shares of Brunswick from $91.00 to $85.00 and set a “buy” rating for the company in a research report on Friday, January 24th. Benchmark reissued a “buy” rating and issued a $100.00 target price on shares of Brunswick in a research report on Friday, October 25th. Citigroup reduced their price target on shares of Brunswick from $92.00 to $85.00 and set a “buy” rating on the stock in a research report on Tuesday. DA Davidson lowered their price objective on Brunswick from $80.00 to $60.00 and set a “neutral” rating for the company in a report on Wednesday, January 22nd. Finally, Stifel Nicolaus reduced their target price on Brunswick from $95.00 to $86.00 and set a “buy” rating on the stock in a report on Wednesday, January 15th. Six analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company’s stock. According to MarketBeat, Brunswick has a consensus rating of “Moderate Buy” and an average target price of $81.85.

Brunswick Trading Down 2.3 %

NYSE BC opened at $67.45 on Friday. The company’s fifty day simple moving average is $70.37 and its 200-day simple moving average is $76.57. The stock has a market cap of $4.45 billion, a P/E ratio of 16.78 and a beta of 1.54. Brunswick has a 52 week low of $62.64 and a 52 week high of $96.65. The company has a current ratio of 1.97, a quick ratio of 0.74 and a debt-to-equity ratio of 1.17.

Brunswick (NYSE:BC) last posted its quarterly earnings data on Thursday, January 30th. The company reported $0.24 earnings per share for the quarter, beating analysts’ consensus estimates of $0.18 by $0.06. Brunswick had a net margin of 5.02% and a return on equity of 19.15%. During the same period in the previous year, the company posted $1.45 earnings per share. Equities research analysts predict that Brunswick will post 4.51 EPS for the current fiscal year.

Institutional Trading of Brunswick

Large investors have recently modified their holdings of the company. Massachusetts Financial Services Co. MA grew its position in Brunswick by 17.1% in the 3rd quarter. Massachusetts Financial Services Co. MA now owns 3,090,078 shares of the company’s stock worth $259,010,000 after purchasing an additional 452,116 shares during the last quarter. Janus Henderson Group PLC grew its holdings in Brunswick by 1,120.5% in the 3rd quarter. Janus Henderson Group PLC now owns 354,631 shares of the company’s stock worth $29,725,000 after buying an additional 325,574 shares in the last quarter. Lightrock Netherlands B.V. acquired a new stake in Brunswick in the 4th quarter valued at approximately $16,400,000. Lord Abbett & CO. LLC raised its stake in Brunswick by 50.2% during the 3rd quarter. Lord Abbett & CO. LLC now owns 683,943 shares of the company’s stock valued at $57,328,000 after acquiring an additional 228,662 shares in the last quarter. Finally, New York State Common Retirement Fund boosted its position in Brunswick by 447.5% during the 3rd quarter. New York State Common Retirement Fund now owns 271,681 shares of the company’s stock worth $22,772,000 after acquiring an additional 222,062 shares during the period. Institutional investors and hedge funds own 99.34% of the company’s stock.

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.