Brunswick Corp. (NYSE: BC) has experienced a decline in its stock price by -2.35 compared to its previous closing price of 90.74. However, the company has seen a fall of -5.11% in its stock price over the last five trading days. Zacks Investment Research reported 2024-04-09 that Here at Zacks, our focus is on the proven Zacks Rank system, which emphasizes earnings estimates and estimate revisions to find great stocks. Nevertheless, we are always paying attention to the latest value, growth, and momentum trends to underscore strong picks.
Is It Worth Investing in Brunswick Corp. (NYSE: BC) Right Now?
Brunswick Corp. (NYSE: BC) has a price-to-earnings ratio that is above its average at 14.89x. The stock has a 36-month beta value of 1.57. Opinions on the stock are mixed, with 9 analysts rating it as a “buy,” 5 as “overweight,” 4 as “hold,” and 0 as “sell.”
The public float for BC is 67.03M, and at present, short sellers hold a 6.69% of that float. On April 12, 2024, the average trading volume of BC was 738.15K shares.
BC’s Market Performance
BC’s stock has seen a -5.11% decrease for the week, with a -0.93% drop in the past month and a 0.29% gain in the past quarter. The volatility ratio for the week is 1.95%, and the volatility levels for the past 30 days are at 2.22% for Brunswick Corp.. The simple moving average for the past 20 days is -3.87% for BC’s stock, with a 5.98% simple moving average for the past 200 days.
Analysts’ Opinion of BC
Many brokerage firms have already submitted their reports for BC stocks, with B. Riley Securities repeating the rating for BC by listing it as a “Buy.” The predicted price for BC in the upcoming period, according to B. Riley Securities is $108 based on the research report published on February 20, 2024 of the current year 2024.
B. Riley Securities gave a rating of “Neutral” to BC, setting the target price at $106 in the report published on January 02nd of the current year.
BC Trading at -0.32% from the 50-Day Moving Average
After a stumble in the market that brought BC to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -11.10% of loss for the given period.
Volatility was left at 2.22%, however, over the last 30 days, the volatility rate increased by 1.95%, as shares sank -0.79% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +7.71% upper at present.
During the last 5 trading sessions, BC fell by -5.11%, which changed the moving average for the period of 200-days by +7.48% in comparison to the 20-day moving average, which settled at $92.14. In addition, Brunswick Corp. saw -8.41% in overturn over a single year, with a tendency to cut further losses.
Insider Trading
Reports are indicating that there were more than several insider trading activities at BC starting from FOULKES DAVID M, who sale 35,000 shares at the price of $87.11 back on Feb 26 ’24. After this action, FOULKES DAVID M now owns 272,626 shares of Brunswick Corp., valued at $3,048,850 using the latest closing price.
COOPER NANCY E, the Director of Brunswick Corp., sale 357 shares at $87.91 during a trade that took place back on Feb 22 ’24, which means that COOPER NANCY E is holding 22,549 shares at $31,384 based on the most recent closing price.
Stock Fundamentals for BC
Current profitability levels for the company are sitting at:
- 0.11 for the present operating margin
- 0.28 for the gross margin
The net margin for Brunswick Corp. stands at 0.07. The total capital return value is set at 0.16. Equity return is now at value 20.95, with 6.89 for asset returns.
Based on Brunswick Corp. (BC), the company’s capital structure generated 0.55 points at debt to capital in total, while cash flow to debt ratio is standing at 0.28. The debt to equity ratio resting at 1.24. The interest coverage ratio of the stock is 12.71.
Currently, EBITDA for the company is 734.9 million with net debt to EBITDA at 2.17. When we switch over and look at the enterprise to sales, we see a ratio of 1.27. The receivables turnover for the company is 12.98for trailing twelve months and the total asset turnover is 1.03. The liquidity ratio also appears to be rather interesting for investors as it stands at 1.43.
Conclusion
To sum up, Brunswick Corp. (BC) has seen a mixed performance recently. Analysts have differing views on the stock, with some seeing it as a “buy” and others as a “hold”. It’s important to note that the stock is currently trading at a significant distance from its 50-day moving average and its 52-week high.
