Jefferies Sticks to Its Buy Rating for ClubCorp Holdings

By Carrie Williams

Jefferies analyst Randal Konik reiterated a Buy rating on ClubCorp Holdings (NYSE: MYCC) today and set a price target of $27. The company’s shares opened today at $13.65.

According to TipRanks.com, Konik is a 1-star analyst with an average return of -1.9% and a 43.7% success rate. Konik covers the Services sector, focusing on stocks such as Eros International, Abercrombie Fitch, and Acushnet Holdings.

ClubCorp Holdings has an analyst consensus of Strong Buy, with a price target consensus of $20.80.

The company has a one year high of $17.60 and a one year low of $10.80. Currently, ClubCorp Holdings has an average volume of 792.3K.

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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. The Golf and Country Club segment includes a broad variety of clubs designed to appeal to a diverse group of families and individuals who lead an active lifestyle and seek a nearby outlet for golf, tennis, swimming and other outdoor activities. The Business, Sports and Alumni Clubs segment operates business clubs that provide a setting for dining, business, or social entertainment for business executives, professionals and entrepreneurs located in office towers or business complexes; sports clubs, which comprise fitness and racquet facilities; business or sports clubs; and alumni clubs that associate with universities to provide a connection between the university and its alumni and faculty. ClubCorp Holdings was founded on November 10, 2010 and is headquartered in Dallas, TX.