At the time of writing, Brunswick Corp. [BC] stock is trading at $83.81, up 2.61%. One of the good ways to gauge the recent performance is if the stock’s short-term value is rising or falling. The BC shares have gain 3.28% over the last week, with a monthly amount drifted -7.64%, and not seem to be holding up well over a long-time horizon.
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From an analyst’s perspective:
Brunswick Corp. [NYSE: BC] stock has seen the most recent analyst activity on April 15, 2024, when Exane BNP Paribas downgraded its rating to a Neutral and also revised its price target to $82 from $94. Previously, B. Riley Securities upgraded its rating to Buy on February 20, 2024, and elevated its price target to $108. On January 04, 2024, downgrade downgraded it’s rating to Mkt Perform. B. Riley Securities downgraded its rating to a Neutral but stick to its price target of $106 on January 02, 2024. B. Riley Securities reiterated its recommendation of a Buy and raised its price target to $106 on December 18, 2023. Morgan Stanley started tracking with a Equal-Weight rating for this stock on September 27, 2023, and assigned it a price target of $84. In a note dated September 11, 2023, JP Morgan downgraded an Neutral rating on this stock and revised its target price from $109 to $79.
For the past year, the stock price of Brunswick Corp. fluctuated between $66.47 and $99.68. Currently, Wall Street analysts expect the stock to reach $100.67 within the next 12 months. Brunswick Corp. [NYSE: BC] shares were valued at $83.81 at the most recent close of the market. An investor can expect a potential return of 20.12% based on the average BC price forecast.
Analyzing the BC fundamentals
According to Brunswick Corp. [NYSE:BC], the company’s sales were 6.02B for trailing twelve months, which represents an -21.71% plunge. Gross Profit Margin for this corporation currently stands at 0.27% with Operating Profit Margin at 0.1%, Pretax Profit Margin comes in at 0.08%, and Net Profit Margin reading is 0.06%. To continue investigating profitability, this company’s Return on Assets is posted at 0.06, Equity is 0.18 and Total Capital is 0.13. An extended analysis of the company’s primary financial structure reveals a debt-to-equity ratio of1.38.
Before buying any particular stock, readers tend to pay close attention to the indicators that support and create resistance. The company’s stock is currently sitting at 82.30 points at the first support level, and at 80.79 for the second support level. However, for the 1st resistance point, the stock is sitting at 84.76, and for the 2nd resistance point, it is at 85.71.
Brunswick Corp. [BC] reported earnings per share of $1.35 for its fiscal quarter that ended on 3/31/2024. Based on the Wall Street analysts’ estimates, the company was expected to report earnings of $1.35/share, meaning a difference of $0 and a surprise factor of 0.00%. By comparison, the stated earnings for the previous quarter ended on 12/31/2023 were $1.45 per share as compared to estimates of $1.65 per share, a difference of -$0.2 representing a surprise of -12.10%.
Ratios To Look Out For
It is important to note that Brunswick Corp. [NYSE:BC] has a current ratio of 1.68. Also, the Quick Ratio is 0.75, while the Cash Ratio stands at 0.33. Considering the valuation of this stock, the price to sales ratio is 0.94, the price to book ratio is 2.77 and price to earnings (TTM) ratio is 15.58.
Transactions by insiders
Recent insider trading involved COOPER NANCY E, Director, that happened on May 01 ’24 when 357.0 shares were sold. Chief Executive Officer, FOULKES DAVID M completed a deal on Feb 26 ’24 to sell 35000.0 shares. Meanwhile, Director COOPER NANCY E sold 357.0 shares on Feb 22 ’24.
