Callaway Golf Company (ELY) : Analyst Rating Update

Callaway Golf Company (ELY) has an average broker rating of 1.2, which is interpreted as a Strong Buy, as rated by 10 equity analysts. Nonetheless, 9 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 2, which is also a Buy.

Callaway Golf Company (ELY) : The highest short term price target forecast on Callaway Golf Company (ELY) is $16 and the lowest target price is $12. A total of 8 equity analysts are currently covering the company. The average price of all the analysts is $13.13 with a standard deviation of $1.36.

Callaway Golf Company (NYSE:ELY): During Wednesdays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $10.05 and $9.98 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $10.19. The buying momentum continued till the end and the stock did not give up its gains. It closed at $10.17, notching a gain of 0.79% for the day. The total traded volume was 459,367 . The stock had closed at $10.09 on the previous day.

Also, FBR Capital initiates coverage on Callaway Golf Company (NYSE:ELY). According to the latest information available, the shares are now rated Outperform by the analysts at the agency. The rating by the firm was issued on June 30, 2016. The company shares have rallied 15.58% from its 1 Year high price. On Jun 23, 2016, the shares registered one year high at $10.30 and the one year low was seen on Sep 29, 2015. The 50-Day Moving Average price is $10.00 and the 200 Day Moving Average price is recorded at $9.25.

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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