Acushnet’s (GOLF) “Overweight” Rating Reaffirmed at Morgan Stanley
Several other research firms also recently commented on GOLF. SunTrust Banks reissued a buy rating and issued a $24.00 price objective on shares of Acushnet in a research note on Friday, January 26th. ValuEngine raised Acushnet from a hold rating to a buy rating in a research note on Thursday, February 8th. Wells Fargo & Co reaffirmed a market perform rating on shares of Acushnet in a research note on Thursday. KeyCorp raised their target price on Acushnet from $22.00 to $24.00 and gave the stock an overweight rating in a research note on Thursday, January 25th. Finally, DA Davidson reaffirmed a hold rating on shares of Acushnet in a research note on Thursday. Four research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. Acushnet currently has an average rating of Buy and a consensus target price of $22.75.
Acushnet (NYSE:GOLF) opened at $23.01 on Thursday. Acushnet has a 52 week low of $15.16 and a 52 week high of $23.36. The company has a quick ratio of 1.21, a current ratio of 2.24 and a debt-to-equity ratio of 0.49. The company has a market capitalization of $1,713.76, a price-to-earnings ratio of 18.71, a P/E/G ratio of 2.74 and a beta of 0.70.
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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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