Topgolf Callaway Brands (NYSE:CALY) Price Target Raised to $19.00 at Truist Financial

by · The Cerbat Gem

Topgolf Callaway Brands (NYSE:CALY – Get Free Report) had its price target hoisted by stock analysts at Truist Financial to $19.00 in a report released on Monday,Benzinga reports. The firm presently has a “buy” rating on the stock. Truist Financial’s target price would suggest a potential upside of 9.37% from the company’s previous close.

Other equities research analysts have also issued reports about the stock. The Goldman Sachs Group assumed coverage on shares of Topgolf Callaway Brands in a report on Thursday. They issued a “neutral” rating and a $17.00 target price on the stock. Weiss Ratings upgraded shares of Topgolf Callaway Brands from a “sell (d-)” rating to a “hold (c-)” rating in a report on Tuesday, May 12th. UBS Group increased their target price on shares of Topgolf Callaway Brands from $11.00 to $15.00 and gave the stock a “neutral” rating in a report on Friday, March 27th. Zacks Research lowered shares of Topgolf Callaway Brands from a “strong-buy” rating to a “hold” rating in a report on Thursday, May 14th. Finally, JPMorgan Chase & Co. increased their target price on shares of Topgolf Callaway Brands to $18.00 and gave the stock a “neutral” rating in a report on Thursday. One analyst has rated the stock with a Buy rating and five have given a Hold rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and an average target price of $17.25.

View Our Latest Research Report on CALY

Topgolf Callaway Brands Price Performance

Shares of NYSE CALY opened at $17.37 on Monday. The firm has a 50 day simple moving average of $15.17. Topgolf Callaway Brands has a fifty-two week low of $7.64 and a fifty-two week high of $18.00. The firm has a market capitalization of $3.12 billion, a price-to-earnings ratio of 124.10 and a beta of 0.96. The company has a debt-to-equity ratio of 0.07, a current ratio of 2.28 and a quick ratio of 1.44.

Topgolf Callaway Brands (NYSE:CALY – Get Free Report) last announced its quarterly earnings data on Thursday, May 7th. The company reported $0.56 earnings per share for the quarter, beating the consensus estimate 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 firm’s revenue for the quarter was down 37.1% on a year-over-year basis. Sell-side analysts expect that Topgolf Callaway Brands will post 0.75 EPS for the current fiscal year.

Topgolf Callaway Brands Company Profile

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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.

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