Acushnet Holdings Corp. (GOLF) Surges to 52-Week High, Is Now Top Performer

April 17, 2018 - By Michael Collier

The stock of Acushnet Holdings Corp. (NYSE:GOLF) hit a new 52-week high and has $26.70 target or 9.00 % above today’s $24.50 share price. The 5 months bullish chart indicates low risk for the $1.83 billion company. The 1-year high was reported on Apr, 17 by Barchart.com. If the $26.70 price target is reached, the company will be worth $164.79M more.
The 52-week high event is an important milestone for every stock because it shows very positive momentum and is time when buyers come in. During such notable technical setup, fundamental investors usually stay away and are careful shorting or selling the stock.

The stock increased 0.80% or $0.195 during the last trading session, reaching $24.495. About 16,477 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 EPS, up 13.73 % or $0.07 from last year’s $0.51 per share. GOLF’s profit will be $43.35M for 10.56 P/E if the $0.58 EPS becomes a reality. After $0.16 actual EPS 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 $1.83 billion. The firm operates through four divisions: Titleist Golf Balls, Titleist Golf Clubs, Titleist Golf Gear, and FootJoy Golf Wear. It has a 19.91 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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