Acushnet Holdings Corp (GOLF) Given Consensus Rating of “Buy” by Brokerages

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Shares of Acushnet Holdings Corp (NYSE:GOLF) have been assigned an average recommendation of “Buy” from the ten brokerages that are currently covering the company, MarketBeat reports. Five analysts have rated the stock with a hold rating and five have given a buy rating to the company. The average twelve-month price target among brokers that have covered the stock in the last year is $25.50.

Several research analysts recently issued reports on the stock. ValuEngine cut shares of Acushnet from a “buy” rating to a “hold” rating in a report on Wednesday, June 27th. SunTrust Banks reissued a “buy” rating and set a $28.00 price target on shares of Acushnet in a report on Thursday, August 2nd. Imperial Capital increased their price target on shares of Acushnet from $22.00 to $26.00 and gave the stock an “in-line” rating in a report on Monday, August 6th. Nomura reissued a “neutral” rating and set a $19.00 price target on shares of Acushnet in a report on Tuesday, July 31st. Finally, Compass Point reissued a “hold” rating and set a $25.00 price target on shares of Acushnet in a report on Thursday, August 2nd.

NYSE GOLF opened at $24.23 on Friday. The stock has a market cap of $2.05 billion, a P/E ratio of 19.70, a PEG ratio of 2.85 and a beta of 0.20. Acushnet has a 52-week low of $16.91 and a 52-week high of $27.87. The company has a debt-to-equity ratio of 0.41, a current ratio of 2.24 and a quick ratio of 1.31.

Acushnet (NYSE:GOLF) last posted its quarterly earnings results on Thursday, August 2nd. The company reported $0.53 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.58 by ($0.05). The firm had revenue of $478.14 million for the quarter, compared to analysts’ expectations of $453.42 million. Acushnet had a return on equity of 11.81% and a net margin of 6.32%. As a group, sell-side analysts predict that Acushnet will post 1.44 EPS for the current fiscal year.

About Acushnet

Acushnet Holdings Corp. designs, develops, manufactures, and distributes golf products worldwide. The company operates through four segments: Titleist Golf Balls, Titleist Golf Clubs, Titleist Golf Gear, and FootJoy Golf Wear. The Titleist Golf Balls segment designs, manufactures, and sells golf balls under the Titleist brands, such as Tour Soft, Velocity, and DT TruSoft, as well as under the Pinnacle brand.

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Analyst Recommendations for Acushnet (NYSE:GOLF)

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