Acushnet Holdings Corp. (GOLF) Receiving Somewhat Favorable Media Coverage, Report Finds
Media coverage about Acushnet Holdings Corp. (NYSE:GOLF) has trended somewhat positive this week, according to Accern Sentiment. Accern identifies positive and negative news coverage by monitoring more than 20 million blog and news sources. Accern ranks coverage of public companies on a scale of -1 to 1, with scores closest to one being the most favorable. Acushnet Holdings Corp. earned a coverage optimism score of 0.05 on Accern’s scale. Accern also assigned media headlines about the company an impact score of 46.3332679567627 out of 100, indicating that recent news coverage is somewhat unlikely to have an effect on the company’s share price in the near future.
Shares of Acushnet Holdings Corp. (NYSE:GOLF) traded down 1.62% during trading on Wednesday, hitting $16.37. The stock had a trading volume of 393,653 shares. The firm has a 50 day moving average of $18.07 and a 200 day moving average of $18.31. The company has a market capitalization of $1.22 billion and a price-to-earnings ratio of 17.20. Acushnet Holdings Corp. has a 1-year low of $15.16 and a 1-year high of $22.31.
The company also recently declared a quarterly dividend, which will be paid on Friday, September 15th. Shareholders of record on Friday, September 1st will be issued a $0.12 dividend. The ex-dividend date of this dividend is Wednesday, August 30th. This represents a $0.48 annualized dividend and a yield of 2.93%. Acushnet Holdings Corp.’s payout ratio is currently 90.57%.
A number of brokerages have recently weighed in on GOLF. DA Davidson downgraded Acushnet Holdings Corp. from a “buy” rating to a “neutral” rating and upped their target price for the company from $17.00 to $23.00 in a report on Friday, August 11th. Roth Capital downgraded Acushnet Holdings Corp. from a “buy” rating to a “neutral” rating and set a $20.00 target price on the stock. in a report on Monday, August 7th. Eight research analysts have rated the stock with a hold rating and seven have given a buy rating to the stock. The company presently has an average rating of “Hold” and an average target price of $21.65.
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About Acushnet Holdings Corp.
Acushnet Holdings Corp. is engaged in the design, development, manufacture and distribution of golf products. The Company is engaged in various product categories, such as golf clubs, wedges, putters, golf gloves, golf gear and golf wear. The Company operates in four segments: Titleist Golf Balls, Titleist Golf Clubs, Titleist Golf Gear and FootJoy Golf Wear.
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