Brunswick (NYSE:BC) Given New $85.00 Price Target at Citigroup

Brunswick (NYSE:BC) had its price target reduced by investment analysts at Citigroup from $92.00 to $85.00 in a research note issued on Tuesday,Benzinga reports. The firm currently has a “buy” rating on the stock. Citigroup’s price objective would indicate a potential upside of 20.53% from the stock’s current price.

Other equities analysts also recently issued reports about the company. Stifel Nicolaus decreased their price target on Brunswick from $95.00 to $86.00 and set a “buy” rating for the company in a research note on Wednesday, January 15th. Roth Mkm decreased their target price on shares of Brunswick from $91.00 to $85.00 and set a “buy” rating for the company in a research report on Friday. B. Riley cut shares of Brunswick from a “buy” rating to a “neutral” rating and cut their price objective for the company from $95.00 to $88.00 in a research note on Tuesday, November 26th. DA Davidson decreased their price target on Brunswick from $80.00 to $60.00 and set a “neutral” rating for the company in a research note on Wednesday, January 22nd. Finally, Benchmark reiterated a “buy” rating and issued a $100.00 price target on shares of Brunswick in a research report on Friday, October 25th. Six equities research analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $82.54.

Brunswick Price Performance

BC opened at $70.52 on Tuesday. Brunswick has a twelve month low of $62.64 and a twelve month 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. The firm has a market cap of $4.65 billion, a price-to-earnings ratio of 17.54 and a beta of 1.54. The company has a fifty day simple moving average of $71.33 and a 200 day simple moving average of $76.82.

Insider Transactions at Brunswick

In other Brunswick news, Director Nancy E. Cooper sold 366 shares of the stock in a transaction that occurred 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 owns 24,557 shares in the company, valued at $1,969,225.83. This trade represents a 1.47 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, CEO David M. Foulkes sold 23,829 shares of the business’s stock in a transaction on Thursday, October 31st. The stock was sold at an average price of $80.22, for a total transaction of $1,911,562.38. Following the completion of the sale, the chief executive officer now owns 251,094 shares of the company’s stock, valued at $20,142,760.68. The trade was a 8.67 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.81% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of BC. Nisa Investment Advisors LLC boosted its holdings in Brunswick by 0.5% during the third 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 during the period. Inspire Investing LLC boosted its stake 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 purchasing an additional 153 shares during the period. Wealth Enhancement Advisory Services LLC grew its holdings in Brunswick by 3.9% in the 3rd quarter. Wealth Enhancement Advisory Services LLC now owns 4,647 shares of the company’s stock valued at $390,000 after buying an additional 174 shares during the last quarter. Pacer Advisors Inc. increased its position in Brunswick by 2.0% in the 4th quarter. Pacer Advisors Inc. now owns 9,861 shares of the company’s stock worth $638,000 after buying an additional 190 shares during the period. Finally, CWM LLC lifted its holdings in shares of Brunswick by 21.6% during the third quarter. CWM LLC now owns 1,323 shares of the company’s stock worth $111,000 after buying an additional 235 shares during the last quarter. 99.34% of the stock is currently owned by institutional investors and hedge funds.

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.