Callaway Golf Company (NYSE:ELY) has received a short term rating of buy from experts at Zacks with a rank of 2. The stock has been rated an average of 1.25 by 8 Brokerage Firm. 7 Wall Street Firms have rated the stock as a strong buys. 1 Brokerage Firms have advised hold.
Other Equity analysts have also commented on the company shares. Equity Analysts at the Brokerage Firm, Wunderlich, upgrades their rating on the shares of Callaway Golf Company (NYSE:ELY). Wunderlich has a Buy rating on the shares. Previously, the analysts had a Hold rating on the shares. As per the latest research report, the brokerage house raises the price target to $12 per share from a prior target of $10. The rating by the firm was issued on May 23, 2016.
Callaway Golf Company (NYSE:ELY): The mean short term price target for Callaway Golf Company (NYSE:ELY) has been established at $13.29 per share. The higher price target estimate is at $16 and the lower price target estimate is expected at $12 according to 7 Analyst. The stock price is expected to vary based on the estimate which is suggested by the standard deviation value of $1.38
Callaway Golf Company (NYSE:ELY) rose 1.25% or 0.13 points on Tuesday and made its way into the gainers of the day. After trading began at $10.45 the stock was seen hitting $10.53 as a peak level and $10.41 as the lowest level. The stock ended up at $10.49. The daily volume was measured at 816,491 shares. The 52-week high of the share price is $10.53 and the 52-week low is $7.97. The company has a market cap of $985 million.
Shares of Callaway Golf Co. rose by 3.86% in the last five trading days and 13.9% for the last 4 weeks. Callaway Golf Co. is up 16.42% in the last 3-month period. Year-to-Date the stock performance stands at 11.61%.
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.