Callaway Golf Company (ELY) has an average broker rating of 1.18, which is interpreted as a Strong Buy, as rated by 11 equity analysts. Nonetheless, 10 analysts are positive on the stocks future and they recommend a Strong Buy on the stock. Nevertheless, the majority of 1 analysts consider that the stock is a Hold with neither a large upside nor a downside. Ranking by Zacks Investment Research for Coach Inc is 3, which is also a Hold.
Callaway Golf Company (ELY) : Average target price received by Callaway Golf Company (ELY) is $13.35 with an expected standard deviation of $1.29. The most aggressive target on the stock is $16, whereas the most downbeat target is $12. 10 financial analysts are currently covering the stock.
For the current week, the company shares have a recommendation consensus of Buy. Callaway Golf Company (NYSE:ELY): During Thursdays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $11.42 and $11.38 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $11.65. The buying momentum continued till the end and the stock did not give up its gains. It closed at $11.61, notching a gain of 1.66% for the day. The total traded volume was 1,369,907 . The stock had closed at $11.42 on the previous day.
In a related news,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 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, www.callawaygolfpreowned.com. In addition, the Company sells Odyssey and its products direct to consumers through its Websites www.callawaygolf.com and www.odysseygolf.com. The Companys products are sold in the United States and in approximately 100 countries around the world.