Impact of Brokerage Rating on Callaway Golf Company(ELY)

Many Callaway Golf Company(ELY) Stock Research Financial Advisors from Investment Banking firms have advised their client and investors on the stock. Callaway Golf Co was Reiterated by Imperial Capital on Feb 7, 2017 to Outperform, Lowers Price Target to $ 13 from a previous price target of $14 .

Company has reported several Insider transactions to the SEC, on Feb 5, 2016, Brian P. Lynch (SVP, G.C. & Corp Secretary) sold 16,584 shares at 9.52 per share price.On Apr 28, 2015, Bradley J Holiday (SEVP, CFO) sold 59,518 shares at 10.05 per share price.On Apr 21, 2015, Alan Hocknell (SVP, Research & Development) sold 70,950 shares at 9.95 per share price.

Callaway Golf Co Last issued its quarterly earnings results on Feb 2, 2017. The company reported $-0.18 EPS for the quarter, missing the analyst consensus estimate by $ -0.01. Analyst had a consensus of $-0.17. The company had revenue of $164.00 million for the quarter, compared to analysts expectations of $170.74 million. The companys revenue was up 7.2% compared to the same quarter last year. During the same quarter in the previous year, the company posted $-0.29 EPS.

Callaway Golf Company (NYSE:ELY) has received a short term rating of sell from experts at Zacks with a rank of 4. The stock has been rated an average of 1.4 by 10 Brokerage Firm. 8 Wall Street Firms have rated the stock as a strong buys. 2 Brokerage Firms have advised hold.

Callaway Golf Company (NYSE:ELY): 10 Brokerage firm Analysts have agreed with the mean estimate for the short term price target of $13.6 in Callaway Golf Company (NYSE:ELY). However, the stock price could fluctuate by $ 1.33 from the estimate as it is suggested by the standard deviation reading. The higher estimate has been put at $16 price target with the lower price estimate is calculated at $12

Callaway Golf Company (NYSE:ELY) witnessed a decline in the market cap on Tuesday as its shares dropped 0.84% or 0.09 points. After the session commenced at $10.65, the stock reached the higher end at $10.75 while it hit a low of $10.555. With the volume soaring to 796,462 shares, the last trade was called at $10.58. The company has a 52-week high of $12.56. The company has a market cap of $996 million and there are 94,112,834 shares in outstanding. The 52-week low of the share price is $8.235.

Callaway Golf Company is designs, develops, manufactures and markets high quality, innovative golf clubs. The Companys golf clubs are sold at premium prices to both average and skilled golfers on the basis of performance, ease of use and appearance.


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