Brokerage Firm Rating Update on Callaway Golf Company (ELY)

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 3, which is also a Hold.

Callaway Golf Company (ELY) : 9 Wall Street analysts covering Callaway Golf Company (ELY) believe that the average level the stock could reach for the short term is $13.72. The maximum price target given is $16 and the minimum target for short term is around $12, hence the standard deviation is calculated at $1.25.


For the current week, the company shares have a recommendation consensus of Buy. Also, FBR Capital initiates coverage on Callaway Golf Company (NYSE:ELY) The shares have been rated Outperform. The rating by the firm was issued on June 30, 2016.

Callaway Golf Company (NYSE:ELY): The stock opened at $11.56 and touched an intraday high of $11.77 on Wednesday. During the day, the stock corrected to an intraday low of $11.54, however, the bulls stepped in and pushed the price higher to close in the green at $11.76 with a gain of 1.47% for the day. The total traded volume for the day was 827,238. The stock had closed at $11.59 in the previous trading session.

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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