ValuEngine cut shares of Acushnet (NYSE:GOLF) from a buy rating to a hold rating in a research note released on Friday morning.
Several other research analysts have also issued reports on the stock. Imperial Capital reissued an in-line rating and issued a $26.00 price target on shares of Acushnet in a research report on Friday, November 2nd. Morgan Stanley increased their price target on shares of Acushnet from $25.00 to $27.00 and gave the stock an overweight rating in a research report on Friday, August 3rd. KeyCorp reissued a buy rating and issued a $28.00 price target on shares of Acushnet in a research report on Friday, August 3rd. SunTrust Banks reissued a buy rating and issued a $28.00 price target on shares of Acushnet in a research report on Thursday, August 2nd. Finally, Compass Point reissued a hold rating and issued a $25.00 price target on shares of Acushnet in a research report on Thursday, August 2nd. Six equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the company. Acushnet currently has an average rating of Hold and a consensus target price of $25.50.
NYSE:GOLF opened at $22.85 on Friday. Acushnet has a 12-month low of $17.55 and a 12-month high of $27.87. The company has a debt-to-equity ratio of 0.39, a current ratio of 2.17 and a quick ratio of 1.18. The stock has a market capitalization of $1.71 billion, a P/E ratio of 18.58, a price-to-earnings-growth ratio of 2.51 and a beta of 0.78.
The company also recently disclosed a quarterly dividend, which will be paid on Friday, December 14th. Stockholders of record on Friday, November 30th will be issued a dividend of $0.13 per share. This represents a $0.52 annualized dividend and a dividend yield of 2.28%. The ex-dividend date is Thursday, November 29th. Acushnet’s payout ratio is 42.28%.
Acushnet Holdings Corp. designs, develops, manufactures, and distributes golf products worldwide. The company operates through four segments: Titleist Golf Balls, Titleist Golf Clubs, Titleist Golf Gear, and FootJoy Golf Wear. The Titleist Golf Balls segment designs, manufactures, and sells golf balls under the Titleist brands, such as Tour Soft, Velocity, and DT TruSoft, as well as under the Pinnacle brand.
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To view ValuEngine’s full report, visit ValuEngine’s official website.
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