Acushnet (GOLF) Raised to “Buy” at ValuEngine

Acushnet (NYSE:GOLF) was upgraded by research analysts at ValuEngine from a “hold” rating to a “buy” rating in a report released on Thursday.

Several other research analysts have also recently weighed in on the stock. KeyCorp upped their price target on shares of Acushnet from $22.00 to $24.00 and gave the stock an “overweight” rating in a report on Thursday, January 25th. SunTrust Banks reaffirmed a “buy” rating and issued a $24.00 price target on shares of Acushnet in a report on Friday, January 26th. Two analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. Acushnet presently has an average rating of “Buy” and a consensus target price of $22.75.

Acushnet (NYSE:GOLF) traded up $0.10 during trading on Thursday, hitting $20.36. 218,321 shares of the stock traded hands, compared to its average volume of 180,127. The company has a market capitalization of $1,499.27, a PE ratio of 19.39, a P/E/G ratio of 2.56 and a beta of 0.88. Acushnet has a 52-week low of $15.16 and a 52-week high of $22.08. The company has a current ratio of 2.31, a quick ratio of 1.21 and a debt-to-equity ratio of 0.51.

Acushnet (NYSE:GOLF) last released its quarterly earnings results on Wednesday, November 8th. The company reported $0.12 earnings per share for the quarter, topping the consensus estimate of $0.09 by $0.03. Acushnet had a net margin of 5.22% and a return on equity of 9.90%. equities research analysts forecast that Acushnet will post 1.22 EPS for the current year.

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Acushnet Company Profile

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.

To view ValuEngine’s full report, visit ValuEngine’s official website.

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