The stock of Brunswick Corp. (NYSE: BC) has increased by 1.74 when compared to last closing price of 82.08.Despite this, the company has seen a loss of -4.18% 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?
The price-to-earnings ratio for Brunswick Corp. (NYSE: BC) is above average at 14.03x, Company’s 36-month beta value is 1.59.Analysts have differing opinions on the stock, 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 currently, short sellers hold a 6.69% ratio of that floaft. The average trading volume of BC on April 19, 2024 was 752.97K shares.
BC’s Market Performance
The stock of Brunswick Corp. (BC) has seen a -4.18% decrease in the past week, with a -9.36% drop in the past month, and a -3.85% fall in the past quarter. The volatility ratio for the week is 2.35%, and the volatility levels for the past 30 days are at 1.96% for BC. The simple moving average for the last 20 days is -8.46% for BC’s stock, with a simple moving average of -0.14% for the last 200 days.
Analysts’ Opinion of BC
Many brokerage firms have already submitted their reports for BC stocks, with Exane BNP Paribas repeating the rating for BC by listing it as a “Neutral.” The predicted price for BC in the upcoming period, according to Exane BNP Paribas is $82 based on the research report published on April 15, 2024 of the current year 2024.
B. Riley Securities, on the other hand, stated in their research note that they expect to see BC reach a price target of $108, previously predicting the price at $100. The rating they have provided for BC stocks is “Buy” according to the report published on February 20th, 2024.
BC Trading at -6.27% 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 -16.22% of loss for the given period.
Volatility was left at 1.96%, however, over the last 30 days, the volatility rate increased by 2.35%, as shares sank -11.42% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -0.26% lower at present.
During the last 5 trading sessions, BC fell by -4.48%, which changed the moving average for the period of 200-days by -2.08% in comparison to the 20-day moving average, which settled at $90.68. In addition, Brunswick Corp. saw -13.69% 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 1.22. 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
In a nutshell, Brunswick Corp. (BC) has experienced a bad performance in recent times. The stock has received mixed “buy” and “hold” ratings from analysts. 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.
