In a report released today, Casey Alexander from Compass Point maintained a Buy rating on Acushnet Holdings (GOLF – Research Report), with a price target of $61.00. The company’s shares closed last Friday at $63.11.
Alexander covers the Financial sector, focusing on stocks such as Horizon Technology, MidCap Financial Investment Corporation, and Hercules Capital. According to TipRanks, Alexander has an average return of 10.9% and a 69.59% success rate on recommended stocks.
Currently, the analyst consensus on Acushnet Holdings is a Moderate Buy with an average price target of $58.50.
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GOLF market cap is currently $4.13B and has a P/E ratio of 19.15.
Based on the recent corporate insider activity of 84 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 (GOLF) Company Description:
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 management to meet virtually with Compass Point
- Acushnet Holdings exec sells $1.14M in common stock
- Acushnet Holdings price target lowered to $58 from $60 at Roth MKM
- Acushnet Holdings backs 2023 revenue view $2.35B-$2.40B, consensus $2.39B
- Acushnet Holdings reports Q3 EPS 85c, consensus 53c
