The Goldman Sachs Group Reiterates “Neutral” Rating for Topgolf Callaway Brands (NYSE:CALY)

Topgolf Callaway Brands (NYSE:CALY)‘s stock had its “neutral” rating reiterated by research analysts at The Goldman Sachs Group in a research note issued to investors on Thursday,Benzinga reports. They currently have a $17.00 price objective on the stock. The Goldman Sachs Group’s target price points to a potential upside of 4.47% from the company’s current price.

Several other equities research analysts also recently issued reports on the company. JPMorgan Chase & Co. increased their price target on Topgolf Callaway Brands from $15.00 to $17.00 and gave the stock a “neutral” rating in a report on Friday, May 8th. UBS Group increased their price target on Topgolf Callaway Brands from $11.00 to $15.00 and gave the stock a “neutral” rating in a report on Friday, March 27th. Weiss Ratings upgraded Topgolf Callaway Brands from a “sell (d-)” rating to a “hold (c-)” rating in a report on Tuesday, May 12th. Wall Street Zen upgraded Topgolf Callaway Brands from a “hold” rating to a “buy” rating in a report on Saturday, May 16th. Finally, Zacks Research downgraded Topgolf Callaway Brands from a “strong-buy” rating to a “hold” rating in a report on Thursday, May 14th. Five analysts have rated the stock with a Hold rating, According to data from MarketBeat.com, Topgolf Callaway Brands currently has a consensus rating of “Hold” and a consensus target price of $16.33.

Topgolf Callaway Brands Trading Up 1.7%

NYSE CALY opened at $16.27 on Thursday. The firm has a 50-day moving average of $15.05. The company has a market capitalization of $2.93 billion, a P/E ratio of 116.24 and a beta of 0.96. The company has a quick ratio of 1.44, a current ratio of 2.28 and a debt-to-equity ratio of 0.07. Topgolf Callaway Brands has a 12 month low of $7.64 and a 12 month high of $18.00.

Topgolf Callaway Brands (NYSE:CALY) last released its quarterly earnings data 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 return on equity of 4.44% and a net margin of 1.05%.The firm’s quarterly revenue was down 37.1% on a year-over-year basis. As a group, sell-side analysts predict that Topgolf Callaway Brands will post 0.75 earnings per share for the current fiscal year.

Topgolf Callaway Brands Company Profile

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.