Analysts Offer Insights on Services Companies: Acushnet Holdings (NYSE: GOLF) and IMAX Corp (NYSE: IMAX)

By Carrie Williams

There’s a lot to be optimistic about in the Services sector as 2 analysts just weighed in on Acushnet Holdings (NYSE: GOLF) and IMAX Corp (NYSE: IMAX) with bullish sentiments.

Acushnet Holdings (NYSE: GOLF)

Roth Capital analyst Dave King reiterated a Buy rating on Acushnet Holdings (NYSE: GOLF) yesterday and set a price target of $25. The company’s shares opened today at $19.59.

According to TipRanks.com, King is ranked 0 out of 5 stars with an average return of -11.8% and a 37.6% success rate. King covers the Consumer Goods sector, focusing on stocks such as Differential Brands Group, American Apparel Inc, and Sequential Brands.

Currently, the analyst consensus on Acushnet Holdings is Moderate Buy and the average price target is $22.40, representing a 14.3% upside.

In a report issued on May 12, Jefferies also reiterated a Buy rating on the stock with a $25 price target.
IMAX Corp (NYSE: IMAX)

In a report released yesterday, Darren Aftahi from Roth Capital reiterated a Buy rating on IMAX Corp (NYSE: IMAX), with a price target of $37. The company’s shares opened today at $29.10.

Aftahi wrote:

“We believe IMAX’s growth is heavily weighted towards addressing its ~17% larger TAM, even more so because of the dependence on millennials for growth in China.”

According to TipRanks.com, Aftahi is a 2-star analyst with an average return of 0.5% and a 49.7% success rate. Aftahi covers the Technology sector, focusing on stocks such as The Meet Group Inc, Mitek Systems Inc, and Angie’s List Inc.

IMAX Corp has an analyst consensus of Strong Buy, with a price target consensus of $39.

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