Acushnet (NYSE:GOLF) Upgraded at Compass Point

Acushnet (NYSE:GOLF) was upgraded by Compass Point from a “neutral” rating to a “buy” rating in a report released on Tuesday, MarketBeat.com reports. The brokerage presently has a $80.00 price target on the stock, up from their prior price target of $77.00. Compass Point’s price objective suggests a potential upside of 20.84% from the stock’s current price.

A number of other analysts have also recently commented on the company. Truist Financial boosted their price objective on Acushnet from $65.00 to $68.00 and gave the company a “hold” rating in a research report on Friday, November 8th. StockNews.com raised Acushnet from a “hold” rating to a “buy” rating in a report on Friday, February 28th. JPMorgan Chase & Co. downgraded Acushnet from a “neutral” rating to an “underweight” rating and reduced their price objective for the stock from $69.00 to $64.00 in a research report on Thursday, January 23rd. Finally, KeyCorp lowered their price objective on Acushnet from $80.00 to $77.00 and set an “overweight” rating for the company in a research report on Friday, February 28th. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating and three have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus target price of $72.80.

Acushnet Stock Up 2.1 %

Acushnet stock opened at $66.21 on Tuesday. Acushnet has a twelve month low of $58.54 and a twelve month high of $76.65. The firm has a market cap of $3.97 billion, a P/E ratio of 22.52 and a beta of 0.79. The company has a quick ratio of 1.14, a current ratio of 2.10 and a debt-to-equity ratio of 0.79. The business has a fifty day moving average of $68.70 and a two-hundred day moving average of $67.58.

Acushnet (NYSE:GOLF) last issued its quarterly earnings results on Thursday, February 27th. The company reported ($0.02) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.33) by $0.31. The business had revenue of $445.17 billion for the quarter, compared to analyst estimates of $454.83 million. Acushnet had a net margin of 7.78% and a return on equity of 21.45%. On average, analysts forecast that Acushnet will post 3.06 earnings per share for the current fiscal year.

Institutional Trading of Acushnet

Institutional investors and hedge funds have recently bought and sold shares of the business. Blue Trust Inc. increased its position in shares of Acushnet by 100.6% in the 4th quarter. Blue Trust Inc. now owns 351 shares of the company’s stock valued at $25,000 after purchasing an additional 176 shares during the last quarter. Public Employees Retirement System of Ohio acquired a new stake in shares of Acushnet in the 4th quarter valued at approximately $31,000. Prospera Private Wealth LLC acquired a new stake in shares of Acushnet in the 3rd quarter worth approximately $41,000. Lazard Asset Management LLC purchased a new stake in Acushnet in the 4th quarter valued at approximately $51,000. Finally, Point72 Asia Singapore Pte. Ltd. grew its holdings in shares of Acushnet by 39.6% during the fourth quarter. Point72 Asia Singapore Pte. Ltd. now owns 818 shares of the company’s stock worth $58,000 after buying an additional 232 shares in the last quarter. 53.12% of the stock is currently owned by hedge funds and other institutional investors.

Acushnet Company Profile

Acushnet Holdings Corp. designs, develops, manufactures, and distributes golf products in the United States, Europe, the Middle East, Africa, Japan, Korea, and internationally. The company operates through four segments: Titleist Golf Balls, Titleist Golf Clubs, Titleist Golf Gear, and FootJoy Golf Wear.