Sunday, 1 October 2023

Business News

Brunswick (BC) Receives a Hold from KeyBanc – TipRanks Financial Blog

Continental Aktiengesellschaft (CTTAF) Gets a Buy from Warburg Research – TipRanks Financial Blog

KeyBanc analyst Noah Zatzkin maintained a Hold rating on Brunswick (BCResearch Report) today. The company’s shares closed yesterday at $76.28.

Zatzkin covers the Consumer Cyclical sector, focusing on stocks such as Yeti Holdings, Brilliant Earth Group, and OneWater Marine. According to TipRanks, Zatzkin has an average return of -7.2% and a 32.08% success rate on recommended stocks.

Currently, the analyst consensus on Brunswick is a Moderate Buy with an average price target of $99.50, representing a 30.44% upside. In a report released on September 11, J.P. Morgan also downgraded the stock to a Hold with a $79.00 price target.

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BC market cap is currently $5.41B and has a P/E ratio of 10.18.

Based on the recent corporate insider activity of 82 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.

TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.

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.

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