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Callaway Golf (NYSE:ELY) target price raised to $16.00, reported today by FBR & Co.

Callaway Golf (NYSE:ELY) had its target price raised to $16.00 by FBR & Co. in a report released Wednesday June 21, 2017. The new target price indicates a possible upside of 0.32% based on the company's last stock close price.

Previously on 06/14/2017, Cowen and Company reported about Callaway Golf (NYSE:ELY) raised the target price from $0.00 to $14.00. At the time, this indicated a possible upside of 0.10%.

Yesterday Callaway Golf (NYSE:ELY) traded -0.07% lower at $12.09. The company’s 50-day moving average is $13.30 and its 200-day moving average is $12.35. The last stock close price is down 13.50% from the 200-day moving average, compared to the S&P 500 which has increased 0.04% over the same time. 968,054 shares of the stock were exchanged, up from an average trading volume of 837,370

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Callaway Golf (NYSE:ELY)

Callaway Golf has a 52 week low of $9.77 and a 52 week high of $14.13 with a P/E ratio of 7.75 The company’s market cap is currently $0.

In addition to FBR & Co. reporting its target price, a total of 7 firms have reported on the stock. The consensus target price is $13.29 with 2 firms rating the stock a strong buy, 5 firms rating the stock a buy, 1 firm rating the stock a hold, 0 firms rating the stock a underperform, and finally 0 firms rating the stock a sell.

About Callaway Golf (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 its trademarks and service marks and sales of pre-owned golf clubs. The golf balls segment consists of Callaway Golf and Strata balls that are designed, manufactured and sold by the Company. It sells its products to retailers, directly and through its subsidiaries, and to third-party distributors. It sells pre-owned golf products through its Website, www.callawaygolfpreowned.com. In addition, it sells Callaway Golf and Odyssey products, including Toulon Design by Odyssey, directly to consumers through its Websites, www.callawaygolf.com and www.odysseygolf.com.

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