Compass Point Downgrades Acushnet (GOLF) to Neutral

Acushnet (NYSE:GOLF) was downgraded by analysts at Compass Point from a “buy” rating to a “neutral” rating in a report issued on Monday. They currently have a $24.00 price objective on the stock. Compass Point’s price target suggests a potential upside of 0.84% from the company’s previous close.

GOLF has been the subject of several other research reports. Imperial Capital reiterated an “in-line” rating on shares of Acushnet in a report on Thursday, March 8th. Jefferies Group reiterated a “buy” rating on shares of Acushnet in a report on Wednesday, March 7th. Morgan Stanley reiterated an “overweight” rating on shares of Acushnet in a report on Thursday, March 8th. KeyCorp reiterated an “overweight” rating on shares of Acushnet in a report on Thursday, March 8th. Finally, Wells Fargo reiterated a “market perform” rating on shares of Acushnet in a report on Thursday, March 8th. Five analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. The stock currently has an average rating of “Buy” and an average price target of $23.00.

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Acushnet stock opened at $23.80 on Monday. The firm has a market cap of $1,794.21, a P/E ratio of 19.35, a PEG ratio of 2.70 and a beta of 0.70. Acushnet has a 1-year low of $15.16 and a 1-year high of $24.41. The company has a quick ratio of 1.05, a current ratio of 2.24 and a debt-to-equity ratio of 0.49.

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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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