Analyst Rating Update on Callaway Golf Company (ELY)

Callaway Golf Company (NYSE:ELY) : 7 brokerage houses believe that Callaway Golf Company (NYSE:ELY) is a Strong Buy at current levels. 1 analysts believe that the current prices are in a balance with the stocks fundamentals, hence they propose Hold on Callaway Golf Company (NYSE:ELY). Zacks Investment Research suggests a Buy with a rank of 2.The median of all the 8 Wall Street Analysts endorse the stock as a Strong Buy with a rating of 1.25.

Callaway Golf Company (NYSE:ELY) : Currently there are 7 street experts covering Callaway Golf Company (NYSE: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 $13.29. The estimated standard deviation from the target is $1.38.

For the current week, the company shares have a recommendation consensus of Buy.

Callaway Golf Company (NYSE:ELY): stock turned positive on Tuesday. Though the stock opened at $9.77, the bulls momentum made the stock top out at $9.84 level for the day. The stock recorded a low of $9.73 and closed the trading day at $9.79, in the green by 0.93%. The total traded volume for the day was 862,152. The stock had closed at $9.7 in the previous days trading.

In an insider trading activity, Lynch Brian P., officer (SVP, G.C. & Corp Secretary) of Callaway Golf Co, unloaded 16,584 shares at an average price of $9.52 on February 5, 2016. The total amount of the transaction was worth $157,880, according to the disclosed information 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, 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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