SunTrust Robinson Believes Acushnet Holdings (NYSE: GOLF) Still Has Room to Grow

By Jason Carr

In a report released today, Michael Swartz from SunTrust Robinson reiterated a Buy rating on Acushnet Holdings (NYSE: GOLF), with a price target of $26. The company’s shares opened today at $24.11, close to its 52-week high of $24.41.

According to TipRanks.com, Swartz is a 4-star analyst with an average return of 10.4% and a 53.8% success rate. Swartz covers the Consumer Goods sector, focusing on stocks such as Brunswick Corporation, Winnebago Industries, and Nautilus Group.

Acushnet Holdings has an analyst consensus of Moderate Buy, with a price target consensus of $24.40.

Acushnet Holdings’ market cap is currently $1.79B and has a P/E ratio of 19.53. The company has a book value ratio of 2.1958.

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Acushnet Holdings Corp. designs, develops, manufactures and distributes golf products. It operates through the following segments: Titleist Golf Balls, Titleist Golf Clubs, Titleist Golf Gear, and FootJoy Golf Wear. The Titleist Golf Balls segment involves in the design and manufacture of golf balls.