Acushnet Holdings Corp (GOLF) Receives Consensus Recommendation of “Buy” from Brokerages

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Shares of Acushnet Holdings Corp (NYSE:GOLF) have received an average recommendation of “Buy” from the ten brokerages that are currently covering the company, Marketbeat.com reports. Five research analysts have rated the stock with a hold recommendation and five have given a buy recommendation to the company. The average 1-year price target among analysts that have covered the stock in the last year is $25.50.

Several research analysts recently issued reports on GOLF shares. KeyCorp reissued a “buy” rating and issued a $28.00 price target on shares of Acushnet in a research report on Friday, August 3rd. ValuEngine raised shares of Acushnet from a “hold” rating to a “buy” rating in a research note on Friday, August 3rd. SunTrust Banks reissued a “buy” rating and set a $28.00 price target on shares of Acushnet in a research note on Thursday, August 2nd. DA Davidson restated a “hold” rating on shares of Acushnet in a report on Monday, May 7th. Finally, Compass Point restated a “hold” rating and issued a $25.00 price objective on shares of Acushnet in a report on Thursday, August 2nd.

Acushnet traded up $0.57, hitting $27.15, during mid-day trading on Friday, Marketbeat.com reports. The company’s stock had a trading volume of 215,556 shares, compared to its average volume of 202,834. Acushnet has a fifty-two week low of $15.16 and a fifty-two week high of $27.56. The company has a quick ratio of 1.31, a current ratio of 2.24 and a debt-to-equity ratio of 0.41. The firm has a market capitalization of $1.99 billion and a PE ratio of 22.07.

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 Thomson Reuters’ consensus estimate of $0.58 by ($0.05). Acushnet had a return on equity of 11.81% and a net margin of 6.32%. The business had revenue of $478.14 million during the quarter, compared to analyst estimates of $453.42 million. research analysts expect that Acushnet will post 1.44 EPS for the current year.

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, September 14th. Investors of record on Friday, August 31st will be issued a $0.13 dividend. The ex-dividend date of this dividend is Thursday, August 30th. This represents a $0.52 annualized dividend and a yield of 1.92%. Acushnet’s dividend payout ratio is currently 42.28%.

Acushnet Company Profile

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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