KeyCorp analysts recently upgraded Callaway Golf Co.’s (NYSE: ELY) target price from an earlier $22.00 to $28.00, as per their report on the company issued this Monday, January 4th.
The company was also marked with a revised “overweight” rating by the brokerage. The new PT (price target) issued by KeyCorp suggests a 16.62% upside since Callaway Golf Co.’s last close.
ELY stocks traded at $24.01 this Monday. The company’ current market capitalization stands at $2.26 billion. It has a negative PE ratio of 19.21 along with a beta of 2.16 at the moment. The current ratio stands at 2.49, quick ratio at 1.62 and the debt-to-equity ratio at 0.95. The 12-monthly high to low ranges from $25.36 to $4.75. The 50SMA (Simple Moving Average) stands at $21.84 and its 200SMA stands at $19.35.
Callaway Golf Co. (NYSE: ELY) Stock Analysis
The quarterly earnings report for the previous fiscal quarter was released by the company on the 9th of November. The earnings stood at $0.60 EPS for that quarter that matched the consensus estimate proposed by analysts at Zacks Investment Research.
The estimated revenue of the company was marked at $451.30 million but it made $476.00 million for the quarter. Compared to last year’s metrics, the revenue had increased by 11.7% on a y-o-y basis. The company’s return on equity also stands at 9.87% along with the net margin of -7.57%. During the corresponding quarter previous year, the firm’s EPS was $0.36. According to analyst’s reports, the company is likely to announce its FY2021 (Full Year 2021) EPS to be 0.76.
NYSE: ELY has recently been the subject of a lot of reports by equities analysts. Some such as Compass POINT, Jefferies Financial Group, Berenberg Bank, B. Riley, Zacks and so on have posted reports on this firm over the last few months. The recent consensus rating of ELY stocks stands at “Buy” and the consensus on the target price is $23.75. Several hedge funds have also been involved in buying and selling of this company’s shares recently.