Zacks Investment Research issued a report on Callaway Golf Co (NYSE:ELY), bumping up its stock price target to $12.00 today
- Updated: October 13, 2016
Boasting a price of $11.20, Callaway Golf Co (NYSE:ELY) traded -2.41% lower on the day. With the last stock price close up 5.04% 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 $11.44 and a two hundred day average of $10.41. Volume of trade was up over the average, with 1,067,942 shares of ELY changing hands over the typical 1,010,470
Callaway Golf Co (NYSE:ELY) had its target bumped up to $12.00 by Zacks Investment Research in a report issued 10/13/2016. The updated stock price target implies a potential upside of 0.07% based on the company's most recent stock price close.
With a total market value of $0, Callaway Golf Co has 52 week low of $8.00 and a 52 week high of $11.90 with a P/E ratio of 27.67 .
In addition to Zacks Investment Research 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 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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