In a report released today, Michael Swartz from Truist Financial maintained a Buy rating on Brunswick (BC – Research Report), with a price target of $90.00. The company’s shares closed yesterday at $79.96.
Swartz covers the Consumer Cyclical sector, focusing on stocks such as Patrick Industries, Brunswick, and Camping World Holdings. According to TipRanks, Swartz has an average return of 14.4% and a 45.81% success rate on recommended stocks.
Currently, the analyst consensus on Brunswick is a Moderate Buy with an average price target of $89.40, an 11.81% upside from current levels. In a report released yesterday, B.Riley Financial also reiterated a Buy rating on the stock with a $95.00 price target.
Based on Brunswick’s latest earnings release for the quarter ending June 30, the company reported a quarterly revenue of $1.44 billion and a net profit of $100 million. In comparison, last year the company earned a revenue of $1.7 billion and had a net profit of $134.7 million
Based on the recent corporate insider activity of 86 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of BC in relation to earlier this year.
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Brunswick (BC) Company Description:
Brunswick Corp. engages in the design, manufacture, and marketing of recreation products, including marine engines, boats, fitness equipment, and active recreation products. It operates through the following segments: Marine Engine and Boat. The Marine segment manufactures and sells recreational marine engines and marine parts and accessories. The Boat segment produces and markets boats such as fiberglass pleasure, sport cruiser, sport fishing and center-console, offshore fishing, aluminum and fiberglass fishing, pontoon, utility, deck, inflatable, and heavy-gauge aluminum. The company was founded by John Brunswick in 1845 and is headquartered in Mettawa, IL.
