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Acushnet Stock Sees Composite Rating Climb To 96; Still In Buy Range

The IBD SmartSelect Composite Rating for Acushnet (GOLF) increased from 92 to 96 Monday.




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The upgrade means the stock currently tops 96% of all other stocks in terms of key performance metrics and technical strength. The market’s biggest winners often have a 95 or higher score in the early stages of a new price run, so that’s an important benchmark to look for when looking for the best stocks to buy and watch.

Acushnet stock is trading about 1% above a 54.30 entry from a cup without handle, thus it’s still within the buy range. Read “Looking For The Next Big Stock Market Winners? Start With These 3 Steps” for more tips.

 


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The stock has a 97 EPS Rating, which means its recent quarterly and annual earnings growth tops 97% of all stocks.

Its Accumulation/Distribution Rating of C shows a roughly equal amount of buying and selling by institutional investors over the last 13 weeks.

In Q2, the gold products maker reported 3,500% earnings growth. That marks two straight quarters of rising EPS performance. Sales growth increased 108%, up from 42% in the prior quarter. The company has now posted accelerating growth in each of the last two reports.

Acushnet stock holds the No. 4 rank among its peers in the Leisure-Products industry group. Brunswick (BC) is the top-ranked stock within the group.

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