Brokerage Firm Rating Update on ClubCorp Holdings (MYCC)

ClubCorp Holdings (MYCC) : 10 analysts are covering ClubCorp Holdings (MYCC) and their average rating on the stock is 1.2, which is read as a Strong Buy. 9 equity analysts believe that the stock has a bright future and the price doesnt capture all of its upside, hence they rate the stock as a Strong Buy. A Zacks Investment Research rank of 3, which recommends a Hold affirms that they expect a large upside in the stock from the current levels. A total of 1 brokerage firms believe that the stock is fairly valued, hence they advise a Hold on the stock.

ClubCorp Holdings (MYCC) has been rated by 9 research analysts. Fundamentally, the highest shorterm price forecast for the stock is expected to reach $27 and the lowest price target forecast is $14. The average forecast of all the analysts is $18.78 and the expected standard deviation is $3.73.


For the current week, the company shares have a recommendation consensus of Buy. Also, Equity analysts at the Brokerage firm Macquarie upgrades its rating on ClubCorp Holdings (NYSE:MYCC). The rating major has initiated the coverage with outperform rating on the shares. Earlier, the shares were rated a Neutral by the brokerage firm. The rating by the firm was issued on July 12, 2016.

ClubCorp Holdings (NYSE:MYCC): The stock opened at $14.67 and touched an intraday high of $14.8 on Wednesday. During the day, the stock corrected to an intraday low of $14.49, however, the bulls stepped in and pushed the price higher to close in the green at $14.8 with a gain of 0.41% for the day. The total traded volume for the day was 258,933. The stock had closed at $14.74 in the previous trading session.

ClubCorp Holdings, Inc. is engaged in membership-based leisure business and an owner and operator of private golf and country clubs and business, sports and alumni clubs in North America. The Company operations are organized into two business segments: golf and country clubs, and business, sports and alumni clubs. Its golf and country club segment includes a variety of clubs designed to appeal to a group of families and individuals who lead an active lifestyle and seek a nearby outlet for golf, tennis, swimming and other activities. The Companys business, sports and alumni club segment is designed to provide its members with private locations where they can work, network and socialize. As of December 30, 2014, the Companys portfolio of 207 owned or operated clubs, with over 180,000 memberships, serving over 400,000 individual members.

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