In a report released today, Alex Maroccia from Berenberg Bank reiterated a Buy rating on Callaway Golf (ELY), with a price target of $24. The company’s shares closed yesterday at $17.15.
Maroccia has an average return of 7.7% when recommending Callaway Golf.
According to TipRanks.com, Maroccia is ranked #2969 out of 5220 analysts.
Callaway Golf has an analyst consensus of Moderate Buy, with a price target consensus of $22.28, which is a 29.9% upside from current levels. In a report issued on February 13, Jefferies also maintained a Buy rating on the stock.
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The company has a one-year high of $24.67 and a one-year low of $14.44. Currently, Callaway Golf has an average volume of 1.25M.
Based on the recent corporate insider activity of 32 insiders, corporate insider sentiment is positive on the stock. This means that over the past quarter there has been an increase of insiders buying their shares of ELY in relation to earlier this year.
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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.
