Topgolf Callaway Brands (NYSE:CALY) Upgraded at Zacks Research

Topgolf Callaway Brands (NYSE:CALY) was upgraded by Zacks Research from a “hold” rating to a “strong-buy” rating in a note issued to investors on Tuesday,Zacks.com reports.

Other equities analysts have also issued reports about the company. Weiss Ratings raised Topgolf Callaway Brands from a “sell (d-)” rating to a “hold (c-)” rating in a research report on Tuesday, May 12th. UBS Group lifted their price objective on shares of Topgolf Callaway Brands from $15.00 to $19.00 and gave the company a “neutral” rating in a research note on Friday, June 26th. Wall Street Zen raised shares of Topgolf Callaway Brands from a “hold” rating to a “buy” rating in a research report on Saturday, May 16th. The Goldman Sachs Group initiated coverage on shares of Topgolf Callaway Brands in a report on Thursday, June 11th. They set a “neutral” rating and a $17.00 price target for the company. Finally, JPMorgan Chase & Co. upped their price objective on shares of Topgolf Callaway Brands to $18.00 and gave the company a “neutral” rating in a research report on Thursday, June 11th. One investment analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating and four have issued a Hold rating to the company. According to MarketBeat, Topgolf Callaway Brands currently has an average rating of “Moderate Buy” and an average price target of $18.25.

Topgolf Callaway Brands Trading Down 0.5%

Shares of Topgolf Callaway Brands stock opened at $18.08 on Tuesday. Topgolf Callaway Brands has a twelve month low of $8.00 and a twelve month high of $19.36. The stock has a market cap of $3.25 billion, a PE ratio of 129.18 and a beta of 0.92. The company has a current ratio of 2.28, a quick ratio of 1.44 and a debt-to-equity ratio of 0.07. The business’s fifty day simple moving average is $16.48.

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 the consensus estimate of $0.42 by $0.14. Topgolf Callaway Brands had a return on equity of 4.44% and a net margin of 1.05%.Topgolf Callaway Brands’s revenue was down 37.1% compared to the same quarter last year. Analysts forecast that Topgolf Callaway Brands will post 0.75 earnings per share for the current 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.