Northcoast has recently raised Brunswick Corporation (BC) stock to Buy rating, as announced on July 29, 2024, according to Finviz. Earlier, on May 22, 2024, The Benchmark Company had initiated the stock to Buy, setting a price target of $100. Exane BNP Paribas also reduced Neutral rating with a price target of $82. Additionally, B. Riley Securities raised Buy rating on February 20, 2024, with a target price of $108. Raymond James analysts, in their report published on January 4, 2024, also reduced Mkt Perform rating for Brunswick Corporation’s stock. Analyst ratings are significant because they provide insights into stock performance expectations, influencing investor decisions and market sentiment.
Brunswick Corporation (BC) Stock Trading Recap
On Tuesday, Brunswick Corporation (BC) stock saw a decline, ending the day at $78.82 which represents a decrease of $-2.73 or -3.35% from the prior close of $81.55. The stock opened at $79.83 and touched a low of $78.23 during the day, reaching a high of $80.55. The volume of shares traded was 0.92 million exceeding the average volume of 0.65 million.
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BC Stock Performance and Moving Averages
In recent trading, Brunswick Corporation (BC) stock price has shown some volatility, fluctuating -5.45% over the last five trades and -3.32% over the past 30 trades. This represents a notable shift from earlier in the year. Over the last six months, the stock has risen by -8.73%, and it has gained 7.22% in the previous three months. Currently, BC is trading at -4.26%, -1.51%, and -4.00% relative to its 20-Day, 50-Day, and 200-Day Simple Moving Averages, respectively.
As of the latest trading close, BC, a Consumer Cyclical sector stock, is trading -20.92% below its 52-week high but remains 18.58% above its 52-week low. The Average True Range (ATR) (14 days) of 2.14 highlights the stock’s average volatility, providing insight into how much the price typically fluctuates. This measure is crucial for understanding potential price swings and assessing overall market risk.
Brunswick Corporation’s Profitability and Valuation Ratios
Brunswick Corporation’s profitability metrics reveal strong financial health. The company currently boasts an operating margin of 10.73% and a profit margin of 5.92%, with a gross margin of -8.73%. The profit margin, also known as the revenue ratio or gross profit ratio, measures how efficiently a company converts sales into net income; higher margins indicate greater profitability.
In terms of valuation, Brunswick Corporation’s market capitalization stands at $5.22 billion. Market cap represents the total value of all outstanding shares and is a key indicator of a company’s market value. The stock’s price-to-earnings (P/E) ratio is 15.89, assessing the company’s valuation relative to its earnings. The forward P/E ratio, which uses projected earnings for the next financial year, is 12.4. Additionally, the Price-to-Sales Ratio is 0.91, reflecting the market’s valuation of the company’s sales, while the Price-to-Book Ratio is 2.6, comparing the market value to the company’s book value.
Understanding Insider Trading
Investors often prefer to invest in shares held by company insiders, as management is typically more aligned with the company’s success and shareholder interests. Currently, insiders own just 1.46% of Brunswick Corporation (BC)’s shares, while financial institutions hold 102.77%.
Notable insider trades include Preisser Brenna, E.V.P. & President BA at Brunswick Corporation (BC), who sold 1225 shares on May 09 ’24, at $82.09 each, totaling $0.10 million. On Feb 26 ’24, FOULKES DAVID M, Chief Executive Officer, sold 35000 shares for $87.11 each, amounting to $3.05 million. Additionally, on Feb 16 ’24, Gwillim Ryan M sold 9036 shares at $87.1 each, generating $0.79 million.
