Morgan Stanley Forecasts Strong Price Appreciation for Brunswick (NYSE:BC) Stock

Brunswick (NYSE:BC) had its price target hoisted by investment analysts at Morgan Stanley from $64.00 to $65.00 in a research note issued on Friday,Benzinga reports. The firm currently has an “equal weight” rating on the stock. Morgan Stanley’s price objective would suggest a potential downside of 5.85% from the company’s previous close.

Other research analysts have also recently issued research reports about the stock. Benchmark restated a “buy” rating and set a $100.00 price objective on shares of Brunswick in a report on Friday, October 25th. Stifel Nicolaus decreased their price target on shares of Brunswick from $95.00 to $86.00 and set a “buy” rating for the company in a report on Wednesday, January 15th. Citigroup dropped their price objective on Brunswick from $92.00 to $85.00 and set a “buy” rating on the stock in a research note on Tuesday. Truist Financial lowered their price target on Brunswick from $90.00 to $85.00 and set a “buy” rating for the company in a report on Tuesday, January 7th. Finally, Roth Mkm decreased 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. Six investment analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. According to data from MarketBeat.com, Brunswick has a consensus rating of “Moderate Buy” and an average price target of $82.62.

Brunswick Trading Up 1.3 %

Shares of NYSE BC opened at $69.04 on Friday. The company’s 50 day simple moving average is $70.67 and its 200 day simple moving average is $76.65. 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 has a fifty-two week low of $62.64 and a fifty-two week high of $96.65. The firm has a market capitalization of $4.56 billion, a P/E ratio of 17.17 and a beta of 1.54.

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

Institutional Inflows and Outflows

A number of hedge funds have recently added to or reduced their stakes in BC. Nisa Investment Advisors LLC lifted its stake in Brunswick by 0.5% during the third quarter. Nisa Investment Advisors LLC now owns 26,731 shares of the company’s stock worth $2,241,000 after purchasing an additional 145 shares during the last quarter. Inspire Investing LLC raised its holdings in shares of Brunswick by 2.8% during the 3rd quarter. Inspire Investing LLC now owns 5,545 shares of the company’s stock worth $465,000 after buying an additional 153 shares in the last quarter. Wealth Enhancement Advisory Services LLC lifted its position in shares of Brunswick by 3.9% during the 3rd quarter. Wealth Enhancement Advisory Services LLC now owns 4,647 shares of the company’s stock worth $390,000 after buying an additional 174 shares during the last quarter. Pacer Advisors Inc. boosted its stake in Brunswick by 2.0% in the fourth quarter. Pacer Advisors Inc. now owns 9,861 shares of the company’s stock valued at $638,000 after buying an additional 190 shares in the last quarter. Finally, CWM LLC grew its position in 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 acquiring an additional 235 shares during the last quarter. 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.