Analyst Price Target Update on Callaway Golf Company (NYSE:ELY)

Callaway Golf Company (NYSE:ELY) stock has received a short term price target of $ 13.29 from 7 Analyst. The share price can be expected to fluctuate from the mean short term target, can be seen from the standard deviation reading of $1.38. The higher estimate of target price is $16 , while the lower price target estimate is $12

Many analysts have stated their opinion on the company shares. Equity Analysts at the Wunderlich upgrades the rating on Callaway Golf Company (NYSE:ELY). The brokerage firm has issued a Buy rating on the shares. The shares were previously rated Hold. The Analysts at the ratings agency raises the price target from $10 per share to $12 per share. The rating by the firm was issued on May 23, 2016. For the current week, the company shares have a recommendation consensus of Buy.

On the companys insider trading activities,The officer (SVP, G.C. & Corp Secretary) of Callaway Golf Co, Lynch Brian P. sold 16,584 shares at $9.52 on February 5, 2016. The Insider selling transaction had a total value worth of $157,880. The Insider information was disclosed with the Securities and Exchange Commission in a Form 4 filing.

Callaway Golf Company (NYSE:ELY) stock ended Monday session in the red zone in a volatile trading. The stock closed down 0.07 points or 0.69% at $10.14 with 812,462 shares getting traded. Post opening the session at $10.18, the shares hit an intraday low of $10.08 and an intraday high of $10.29 and the price was in this range throughout the day. The company has a market cap of $953 million and the number of outstanding shares have been calculated to be 93,941,287 shares. The 52-week high of Callaway Golf Company (NYSE:ELY) is $10.455 and the 52-week low is $7.97.

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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