Topgolf Callaway Brands (NYSE:CALY) Upgraded by Wall Street Zen to “Buy” Rating

Wall Street Zen upgraded shares of Topgolf Callaway Brands (NYSE:CALY) from a hold rating to a buy rating in a report released on Saturday morning.

A number of other equities research analysts have also recently commented on CALY. Weiss Ratings raised shares of Topgolf Callaway Brands from a “sell (d-)” rating to a “hold (c-)” rating in a research report on Tuesday. UBS Group increased their target price on shares of Topgolf Callaway Brands from $11.00 to $15.00 and gave the company a “neutral” rating in a research report on Friday, March 27th. Zacks Research raised shares of Topgolf Callaway Brands from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, April 15th. Finally, JPMorgan Chase & Co. increased their target price on shares of Topgolf Callaway Brands from $15.00 to $17.00 and gave the company a “neutral” rating in a research report on Friday, May 8th. Four analysts have rated the stock with a Hold rating, According to MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus price target of $16.00.

Topgolf Callaway Brands Stock Up 0.1%

NYSE:CALY opened at $15.23 on Friday. Topgolf Callaway Brands has a 52 week low of $5.86 and a 52 week high of $18.00. The company’s 50 day moving average price is $14.35. The company has a debt-to-equity ratio of 0.07, a current ratio of 2.28 and a quick ratio of 1.22. The stock has a market capitalization of $2.74 billion, a PE ratio of 108.79 and a beta of 0.95.

Topgolf Callaway Brands (NYSE:CALY) last posted its earnings results on Thursday, May 7th. The company reported $0.56 EPS for the quarter, beating analysts’ consensus estimates of $0.42 by $0.14. Topgolf Callaway Brands had a net margin of 1.05% and a return on equity of 4.44%. The business’s revenue was down 37.1% compared to the same quarter last year. As a group, analysts expect that Topgolf Callaway Brands will post 0.66 EPS for the current year.

About Topgolf Callaway Brands

Topgolf Callaway Brands plc (NYSE: MODG) is a leading global sports and entertainment company formed through the merger of Callaway Golf Company and Topgolf Entertainment Group in July 2022. The company combines Callaway’s heritage in golf equipment design and manufacturing with Topgolf’s innovative, technology-driven entertainment venues. Topgolf Callaway Brands serves a diverse audience of golf enthusiasts, casual players and social visitors, offering experiences that span both competitive sport and leisure activities.

Under the Callaway Golf brand, the company develops and markets a broad portfolio of premium golf clubs, balls, accessories and apparel.