Acushnet Holdings Corp. (GOLF) Can’t Burn Your Long Portfolio. Just Reaches Record High

April 17, 2018 - By Michael Collier

The stock of Acushnet Holdings Corp. (NYSE:GOLF) reached all time high today, Apr, 17 and still has $26.22 target or 8.00 % above today’s $24.28 share price. This indicates more upside for the $1.82B company. This technical setup was reported by Barchart.com. If the $26.22 PT is reached, the company will be worth $145.20 million more.
Trading stocks at an all time highs is usually a winning strategy. An all time high points to a stock which has the most positive fundamentals ever. Even thought the pullback rate is high, if correct risk management is utilized, investors can trade very well such events.

The stock decreased 0.08% or $0.02 during the last trading session, reaching $24.28. About 82,208 shares traded. Acushnet Holdings Corp. (NYSE:GOLF) has risen 32.22% since April 17, 2017 and is uptrending. It has outperformed by 20.67% the S&P500.

Analysts await Acushnet Holdings Corp. (NYSE:GOLF) to report earnings on May, 11. They expect $0.58 earnings per share, up 13.73 % or $0.07 from last year’s $0.51 per share. GOLF’s profit will be $43.36 million for 10.47 P/E if the $0.58 EPS becomes a reality. After $0.16 actual earnings per share reported by Acushnet Holdings Corp. for the previous quarter, Wall Street now forecasts 262.50 % EPS growth.

Acushnet Holdings Corp. designs, develops, makes, and distributes golf products worldwide. The company has market cap of $1.82 billion. The firm operates through four divisions: Titleist Golf Balls, Titleist Golf Clubs, Titleist Golf Gear, and FootJoy Golf Wear. It has a 19.74 P/E ratio. The Titleist Golf Balls segment creates and makes golf balls, as well as designs, makes, and sells other golf balls under the Titleist brand, such as NXT Tour, Velocity, and DT TruSoft, as well as under the Pinnacle brand.

Acushnet Holdings Corp. (NYSE:GOLF) Ratings Chart

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