Tigress Financial analyst Ivan Feinseth reiterated a Buy rating on Acushnet Holdings (GOLF – Research Report) today and set a price target of $68.00. The company’s shares opened today at $56.83.
Feinseth covers the Technology sector, focusing on stocks such as Amazon, Apple, and Meta Platforms. According to TipRanks, Feinseth has an average return of 11.2% and a 58.40% success rate on recommended stocks.
Acushnet Holdings has an analyst consensus of Moderate Buy, with a price target consensus of $63.63.
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GOLF market cap is currently $3.8B and has a P/E ratio of 18.05.
Based on the recent corporate insider activity of 86 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 GOLF in relation to earlier this year.
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Acushnet Holdings Corp. engages in the design, development, manufacture, and distribution of golf products. It operates through the following segments: Titleist Golf Balls, Titleist Golf Clubs, Titleist Golf Gear, FootJoy Golf Wear, and Other. The Titleist Golf Balls segment involves in the design and manufacture of golf balls. The Titleist Golf Clubs segment designs, assembles, and sells golf clubs such as drivers, fairways, hybrids, and irons. The Titleist Golf Gear segment offers golf bags, headwear, gloved, travel gear, and head covers. The FootJoy Golf Wear segment includes golf shoes, gloves, and apparel. The company was founded by Phil Young in 1910 and is headquartered in Fairhaven, MA.
Read More on GOLF:
- Acushnet Holdings upgraded to Buy from Hold at Jefferies
- Acushnet Holdings raises FY23 revenue view to $2.35B-$2.40B from $2.325B-$2.375B
- Acushnet Holdings price target raised to $55 from $50 at Truist
- Acushnet Holdings price target raised to $59 from $57 at Compass Point
- Acushnet Holdings price target raised to $65 from $61 at KeyBanc
