Cowen & Co. analyst John Kernan reiterated a Hold rating on Callaway Golf (NYSE: ELY) yesterday and set a price target of $21. The company’s shares closed yesterday at $21.72.
According to TipRanks.com, Kernan is a 3-star analyst with an average return of 2.2% and a 50.9% success rate. Kernan covers the Services sector, focusing on stocks such as Lululemon Athletica Inc, Dick’s Sporting Goods, and Ralph Lauren Corp.
The word on The Street in general, suggests a Strong Buy analyst consensus rating for Callaway Golf with a $24.40 average price target.
See today’s analyst top recommended stocks >>
Based on Callaway Golf’s latest earnings release for the quarter ending June 30, the company reported a quarterly net profit of $60.87 million. In comparison, last year the company had a net profit of $31.44 million.
Based on the recent corporate insider activity of 47 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.
