UBS Group Increases Topgolf Callaway Brands (NYSE:CALY) Price Target to $19.00

Topgolf Callaway Brands (NYSE:CALY) had its target price lifted by analysts at UBS Group from $15.00 to $19.00 in a note issued to investors on Friday,Benzinga reports. The firm presently has a “neutral” rating on the stock. UBS Group’s price target would indicate a potential upside of 0.24% from the stock’s current price.

A number of other research firms also recently issued reports on CALY. Wall Street Zen upgraded shares of Topgolf Callaway Brands from a “hold” rating to a “buy” rating in a report on Saturday, May 16th. Zacks Research downgraded shares of Topgolf Callaway Brands from a “strong-buy” rating to a “hold” rating in a research report on Thursday, May 14th. Truist Financial raised their price target on shares of Topgolf Callaway Brands to $19.00 and gave the stock a “buy” rating in a research note on Monday, June 15th. The Goldman Sachs Group initiated coverage on Topgolf Callaway Brands in a research note on Thursday, June 11th. They issued a “neutral” rating and a $17.00 target price on the stock. Finally, Weiss Ratings raised Topgolf Callaway Brands from a “sell (d-)” rating to a “hold (c-)” rating in a research report on Tuesday, May 12th. One research analyst has rated the stock with a Buy rating and five have given a Hold rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and an average price target of $18.25.

Topgolf Callaway Brands Stock Up 2.6%

NYSE:CALY traded up $0.47 on Friday, hitting $18.95. The stock had a trading volume of 794,629 shares, compared to its average volume of 2,900,375. The company has a market cap of $3.41 billion, a P/E ratio of 135.42 and a beta of 0.96. Topgolf Callaway Brands has a 52 week low of $7.93 and a 52 week high of $19.22. The company’s fifty day moving average price is $15.83. The company has a debt-to-equity ratio of 0.07, a quick ratio of 1.44 and a current ratio of 2.28.

Topgolf Callaway Brands (NYSE:CALY) last posted its earnings results on Thursday, May 7th. The company reported $0.56 earnings per share for the quarter, topping 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%. Topgolf Callaway Brands’s revenue for the quarter was down 37.1% on a year-over-year basis. Equities 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.