Callaway Golf (ELY) Gets a Buy Rating from KeyBanc


In a report issued on February 14, Brett Andress from KeyBanc reiterated a Buy rating on Callaway Golf (ELY), with a price target of $23. The company’s shares closed on Friday at $16.48.

According to TipRanks.com, Andress is a 3-star analyst with an average return of 2.0% and a 53.6% success rate. Andress covers the Consumer Goods sector, focusing on stocks such as Brunswick Corporation, Acushnet Holdings, and Yeti Holdings Inc.

Currently, the analyst consensus on Callaway Golf is a Moderate Buy with an average price target of $21.81, representing a 32.3% upside. In a report issued on February 7, Imperial Capital also maintained a Buy rating on the stock with a $22 price target.

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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 1.22M.

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.

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.

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