Callaway Golf Co (NYSE:ELY) has been downgraded to Hold in a statement by Zacks Investment Research today.
- Updated: October 16, 2016
Zacks Investment Research has downgraded Callaway Golf Co (NYSE:ELY) to Hold in a statement released on Tuesday October 11, 2016.
Previously on 10/3/2016, Zacks Investment Research reported about Callaway Golf Co (NYSE:ELY) upped the target price from $0.00 to $13.00 that suggested an upside of 0.12%.
Having a price of $11.02, Callaway Golf Co (NYSE:ELY) traded 1.19% higher on the day. The last stock close price is up 6.14% from the two hundred day average, compared with the S&P 500 Index which has decreased -0.01% over the date range. Callaway Golf Co has recorded a 50-day average of $11.43 and a two hundred day average of $10.42. Volume of trade was down over the average, with 1,011,812 shares of ELY changing hands under the typical 1,021,060
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Callaway Golf Co has a PE ratio of 28.00 with a 52 week low of $8.00 and a 52 week high of $11.90 ELY’s total market value is presently $0.
A total of 7 brokers have issued a report on the stock. Two equity analysts rating the company a strong buy, five analysts rating the company a buy, 1 firm rating the stock a hold, 0 brokerages rating the stock a underperform, and finally 0 brokers rating the stock a sell with a average price target of $13.29.
More About Callaway Golf Co (NYSE:ELY)
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 Company's trademarks and service marks and sales of pre-owned golf clubs. The golf balls segment consists of the Company's balls that are designed, manufactured and sold by the Company. The Company sells its products to retailers, directly and through its wholly owned subsidiaries, and to third-party distributors. 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.
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