B.Riley FBR Believes Callaway Golf (ELY) Still Has Room to Grow


B.Riley FBR analyst Susan Anderson maintained a Buy rating on Callaway Golf (NYSE: ELY) today and set a price target of $20. The company’s shares closed yesterday at $19.21, close to its 52-week high of $19.29.

According to TipRanks.com, Anderson is a 4-star analyst with an average return of 4.8% and a 55.1% success rate. Anderson covers the Services sector, focusing on stocks such as Lululemon Athletica Inc, Ascena Retail Group, and Abercrombie Fitch.

Callaway Golf has an analyst consensus of Strong Buy, with a price target consensus of $19.90.

See today’s analyst top recommended stocks >>

Callaway Golf’s market cap is currently $1.81B and has a P/E ratio of 23.72. The company has a Price to Book ratio of 2.64.

Based on the recent corporate insider activity of 46 insiders, corporate insider sentiment is negative on the stock.

TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.

Callaway Golf Co. engages in the manufacture and distribution of golf equipment and accessories. It operates through the following segments: Golf Clubs, Golf Balls, and Gear, Accessories, and Other.

Stay Ahead of Everyone Else

Get The Latest Stock News Alerts