B.Riley FBR analyst Susan Anderson reiterated a Buy rating on Callaway Golf (NYSE: ELY) on October 25 and set a price target of $30. The company’s shares opened today at $22.
According to TipRanks.com, Anderson is a 4-star analyst with an average return of 5.2% and a 49.8% success rate. Anderson covers the Services sector, focusing on stocks such as Ascena Retail Group, Abercrombie Fitch, and Children’s Place.
Callaway Golf has an analyst consensus of Strong Buy, with a price target consensus of $24.83, which is a 12.9% upside from current levels. In a report issued on October 25, Jefferies also reiterated a Buy rating on the stock with a $26 price target.
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Based on Callaway Golf’s latest earnings release for the quarter ending September 30, the company reported a quarterly net profit of $9.52 million. In comparison, last year the company had a net profit of $3.06 million.
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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.
