Can Acushnet Holdings Corp. (GOLF)’s Tomorrow be Different? The Stock Just Broke Its High

The stock of Acushnet Holdings Corp. (NYSE:GOLF) hit a new 52-week high and has $30.23 target or 7.00 % above today’s $28.25 share price. The 6 months bullish chart indicates low risk for the $2.13B company. The 1-year high was reported on Sep, 13 by Barchart.com. If the $30.23 price target is reached, the company will be worth $149.03 million 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 decreased 0.70% or $0.2 during the last trading session, reaching $28.25. About 106,578 shares traded. Acushnet Holdings Corp. (NYSE:GOLF) has risen 3.61% since September 13, 2018 and is uptrending. It has outperformed by 3.61% the S&P500.

Analysts await Acushnet Holdings Corp. (NYSE:GOLF) to report earnings on November, 7. They expect $0.29 EPS, up 222.22 % or $0.20 from last year’s $0.09 per share. GOLF’s profit will be $21.86M for 24.35 P/E if the $0.29 EPS becomes a reality. After $0.51 actual EPS reported by Acushnet Holdings Corp. for the previous quarter, Wall Street now forecasts -43.14 % negative EPS growth.

More notable recent Acushnet Holdings Corp. (NYSE:GOLF) news were published by: Finance.Yahoo.com which released: “Acushnet Holdings Corp. (NYSE:GOLF)’s Could Be A Buy For Its Upcoming Dividend – Yahoo Finance” on August 24, 2019, also Finance.Yahoo.com with their article: “Should You Be Tempted To Sell Callaway Golf Company (NYSE:ELY) Because Of Its P/E Ratio? – Yahoo Finance” published on August 19, 2019, Benzinga.com published: “Stocks That Hit 52-Week Highs On Thursday – Benzinga” on September 13, 2019. More interesting news about Acushnet Holdings Corp. (NYSE:GOLF) were released by: Finance.Yahoo.com and their article: “Wall Street Tees Off On Golf Stocks Amid PGA Tour Playoffs – Yahoo Finance” published on August 09, 2019 as well as Finance.Yahoo.com‘s news article titled: “Is Callaway Golf Company’s (NYSE:ELY) 7.7% ROE Worse Than Average? – Yahoo Finance” with publication date: September 06, 2019.

Acushnet Holdings Corp. designs, develops, makes, and distributes golf products worldwide. The company has market cap of $2.13 billion. The firm operates through four divisions: Titleist Golf Balls, Titleist Golf Clubs, Titleist Golf Gear, and FootJoy Golf Wear. It has a 23.42 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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