Morgan Stanley reiterated their overweight rating on shares of Acushnet (NYSE:GOLF) in a report released on Thursday.

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.

The business also recently announced a quarterly dividend, which will be paid on Thursday, March 29th. Shareholders of record on Monday, March 19th will be paid a $0.13 dividend. The ex-dividend date is Friday, March 16th. This is an increase from Acushnet’s previous quarterly dividend of $0.12. This represents a $0.52 dividend on an annualized basis and a dividend yield of 2.26%. Acushnet’s dividend payout ratio (DPR) is 39.02%.

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About Acushnet

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.

Analyst Recommendations for Acushnet (NYSE:GOLF)

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