In a report released yesterday, Brett Andress from KeyBanc reiterated a Buy rating on Acushnet Holdings (NYSE: GOLF), with a price target of $28. The company’s shares opened today at $25.76, close to its 52-week high of $26.44.
According to TipRanks.com, Andress is a 3-star analyst with an average return of 9.1% and a 68.4% success rate. Andress covers the Consumer Goods sector, focusing on stocks such as Brunswick Corporation, Callaway Golf, and Hasbro.
Currently, the analyst consensus on Acushnet Holdings is a Moderate Buy with an average price target of $25.90, which is a 0.5% upside from current levels. In a report released yesterday, SunTrust Robinson also reiterated a Buy rating on the stock with a $28 price target.
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Acushnet Holdings’ market cap is currently $1.9B and has a P/E ratio of 20. The company has a Price to Book ratio of 2.22.
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Acushnet Holdings Corp. engages in the design, development, manufacture, and distribution of golf products. It operates through the following segments: Titleist Golf Balls, Titleist Golf Clubs, Titleist Golf Gear, FootJoy Golf Wear, and Other. The Titleist Golf Balls segment involves in the design and manufacture of golf balls.
