Acushnet Holdings Corp (GOLF) Receives Consensus Recommendation of “Buy” from Brokerages

Shares of Acushnet Holdings Corp (NYSE:GOLF) have earned a consensus recommendation of “Buy” from the ten research firms that are presently covering the company, MarketBeat Ratings reports. Five investment analysts have rated the stock with a hold rating and five have issued a buy rating on the company. The average twelve-month price objective among brokerages that have issued a report on the stock in the last year is $22.67.

A number of analysts have recently issued reports on GOLF shares. Compass Point lowered shares of Acushnet from a “buy” rating to a “neutral” rating and set a $24.00 price target for the company. in a research report on Monday, March 19th. Imperial Capital reissued an “in-line” rating on shares of Acushnet in a research report on Thursday, March 8th. Jefferies Group reissued a “buy” rating on shares of Acushnet in a research report on Wednesday, March 7th. Morgan Stanley reissued an “overweight” rating on shares of Acushnet in a research report on Thursday, March 8th. Finally, KeyCorp reissued an “overweight” rating on shares of Acushnet in a research report on Thursday, March 8th.

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GOLF stock opened at $23.09 on Monday. The company has a quick ratio of 1.05, a current ratio of 2.24 and a debt-to-equity ratio of 0.49. The stock has a market cap of $1,719.72, a price-to-earnings ratio of 18.77, a PEG ratio of 2.59 and a beta of 0.70. Acushnet has a one year low of $15.16 and a one year high of $24.41.

The business also recently declared a quarterly dividend, which was paid on Thursday, March 29th. Stockholders of record on Monday, March 19th were given a $0.13 dividend. This represents a $0.52 dividend on an annualized basis and a dividend yield of 2.25%. This is a positive change from Acushnet’s previous quarterly dividend of $0.12. The ex-dividend date was Friday, March 16th. Acushnet’s dividend payout ratio is 42.28%.

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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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