In a report released today, Michael Swartz from SunTrust Robinson reiterated a Buy rating on Acushnet Holdings (NYSE: GOLF), with a price target of $28. The company’s shares opened today at $24, close to its 52-week high of $25.73.
According to TipRanks.com, Swartz is a 4-star analyst with an average return of 16.2% and a 60.9% success rate. Swartz covers the Consumer Goods sector, focusing on stocks such as Thor Industries Inc, Nautilus Group, and MCBC Holdings.
Acushnet Holdings has an analyst consensus of Moderate Buy, with a price target consensus of $26.50.
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Acushnet Holdings’ market cap is currently $1.8B and has a P/E ratio of 18.98. The company has a Price to Book ratio of 2.11.
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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.
