Acushnet (GOLF) Price Target Increased to $26.00 by Analysts at Imperial Capital

Acushnet (NYSE:GOLF) had its target price lifted by investment analysts at Imperial Capital from $22.00 to $26.00 in a report issued on Monday, Stock Target Advisor reports. The firm currently has an “in-line” rating on the stock. Imperial Capital’s target price indicates a potential downside of 0.95% from the stock’s current price.

Several other equities analysts have also recently issued reports on the stock. Morgan Stanley upped their price target on shares of Acushnet from $25.00 to $27.00 and gave the company an “overweight” rating in a research report on Friday. KeyCorp reaffirmed a “buy” rating and issued a $28.00 price objective on shares of Acushnet in a research note on Friday. ValuEngine raised shares of Acushnet from a “hold” rating to a “buy” rating in a research note on Friday. SunTrust Banks reissued a “buy” rating and set a $28.00 target price on shares of Acushnet in a research note on Thursday, August 2nd. Finally, Compass Point reissued a “hold” rating and set a $25.00 target price on shares of Acushnet in a research note on Thursday, August 2nd. Six investment analysts have rated the stock with a hold rating and five have issued a buy rating to the company. The company presently has an average rating of “Hold” and a consensus target price of $24.50.

Shares of GOLF stock opened at $26.25 on Monday. The company has a quick ratio of 1.31, a current ratio of 2.24 and a debt-to-equity ratio of 0.41. The stock has a market cap of $1.96 billion and a P/E ratio of 21.34. Acushnet has a 52 week low of $15.16 and a 52 week high of $26.65.

About Acushnet

Acushnet Holdings Corp. designs, develops, manufactures, and distributes golf products worldwide. The company operates through four segments: Titleist Golf Balls, Titleist Golf Clubs, Titleist Golf Gear, and FootJoy Golf Wear. The Titleist Golf Balls segment designs, manufactures, and sells golf balls under the Titleist brands, such as Tour Soft, Velocity, and DT TruSoft, as well as under the Pinnacle brand.

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