In a report released yesterday, Michael Swartz from Truist Financial maintained a Hold rating on Acushnet Holdings (GOLF – Research Report), with a price target of $63.00. The company’s shares closed yesterday at $63.03.
Swartz covers the Consumer Cyclical sector, focusing on stocks such as Cedar Fair, United Parks & Resorts, and Fox Factory Holding. According to TipRanks, Swartz has an average return of 16.2% and a 48.38% success rate on recommended stocks.
The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Acushnet Holdings with a $70.29 average price target, an 11.52% upside from current levels. In a report released yesterday, Roth MKM also maintained a Hold rating on the stock with a $66.00 price target.
The company has a one-year high of $69.87 and a one-year low of $42.99. Currently, Acushnet Holdings has an average volume of 391.6K.
Based on the recent corporate insider activity of 85 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of GOLF in relation to earlier this year.
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Acushnet Holdings (GOLF) Company Description:
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. The Titleist Golf Clubs segment designs, assembles, and sells golf clubs such as drivers, fairways, hybrids, and irons. The Titleist Golf Gear segment offers golf bags, headwear, gloved, travel gear, and head covers. The FootJoy Golf Wear segment includes golf shoes, gloves, and apparel. The company was founded by Phil Young in 1910 and is headquartered in Fairhaven, MA.
