Compass Point Reiterates a Hold Rating on Callaway Golf (ELY)


In a report released today, Casey Alexander from Compass Point reiterated a Hold rating on Callaway Golf (NYSE: ELY), with a price target of $19.50. The company’s shares closed on Friday at $21.72.

According to TipRanks.com, Alexander is a 2-star analyst with an average return of 2.3% and a 58.3% success rate. Alexander covers the Financial sector, focusing on stocks such as TriplePoint Venture Growth, Medley Management, and Hercules Capital.

The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Callaway Golf with a $23.21 average price target, which is a 6.9% upside from current levels. In a report issued on August 3, Cowen & Co. also reiterated a Hold rating on the stock with a $21 price target.

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The company has a one-year high of $23.60 and a one-year low of $12.64. Currently, Callaway Golf has an average volume of 974.8K.

Based on the recent corporate insider activity of 47 insiders, corporate insider sentiment is negative on the stock.

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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.

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