Deutsche Bank Believes ClubCorp Holdings (NYSE: MYCC) Won’t Stop Here

By Austin Angelo

Deutsche Bank analyst Carlo Santarelli reiterated a Buy rating on ClubCorp Holdings (NYSE: MYCC) yesterday and set a price target of $17. The company’s shares closed yesterday at $17.10, close to its 52-week high of $17.60.

According to TipRanks.com, Santarelli is a 5-star analyst with an average return of 11.8% and a 72.5% success rate. Santarelli covers the Services sector, focusing on stocks such as Melco Resorts & Entertainment Limited, International Game Technology, and Marriott International.

Currently, the analyst consensus on ClubCorp Holdings is Strong Buy and the average price target is $20.67, representing a 20.9% upside.

In a report issued on July 10, Jefferies also reiterated a Buy rating on the stock with a $27 price target.

ClubCorp Holdings’ market cap is currently $1.12B and has a P/E ratio of 285. The company has a book value ratio of 8.7641.

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ClubCorp Holdings, Inc. owns and operates private golf, country clubs, business, sports and alumni clubs in North America. The company operates through two business segments: Golf and Country Clubs; and Business, Sports and Alumni Clubs.