Callaway Golf Company (ELY) Receives Analyst Rating

Callaway Golf Company (ELY) : 10 analysts are covering Callaway Golf Company (ELY) 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.

Callaway Golf Company (ELY) : Currently there are 9 street experts covering Callaway Golf Company (ELY) stock. The most bullish and bearish price target for the stock is $16 and $12 respectively for the short term. The average price target of all the analysts comes to $13.72. The estimated standard deviation from the target is $1.25.


Also, Compass Point initiates coverage on Callaway Golf Company (NYSE:ELY) The brokerage firm has issued a Neutral rating on the shares. The Analysts at the ratings agency announces the price target to $12 per share. The rating by the firm was issued on September 9, 2016.

Callaway Golf Company (NYSE:ELY): After opening at $11.44, the stock dipped to an intraday low of $11.04 on Thursday. However, the bulls stepped in to buy at lower levels and pushed the stock higher. The stock touched an intraday high of $11.44 and the buying power remained strong till the end. The stock closed at $11.26 for the day, a gain of 1.72% for the day session. The total traded volume was 689,771. The stocks close on the previous trading day was $11.07.

Callaway Golf Company designs, manufactures and sells golf clubs, golf balls, golf bags and other golf-related accessories. The Company has two segments: the golf clubs segment and golf balls segment. The golf clubs segment consists of its woods, hybrids, irons and wedges and Odyssey putters. This segment also includes other golf-related accessories, royalties from licensing of the Companys trademarks and service marks and sales of pre-owned golf clubs. The golf balls segment consists of the Companys balls that are designed, manufactured and sold by the Company. The Company sells pre-owned golf products through its Website, In addition, the Company sells Odyssey and its products direct to consumers through its Websites and The Companys products are sold in the United States and in approximately 100 countries around the world.

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