Topgolf Callaway Brands (NYSE:CALY) Upgraded to Strong-Buy at Zacks Research

Zacks Research upgraded shares of Topgolf Callaway Brands (NYSE:CALY) from a hold rating to a strong-buy rating in a research note issued to investors on Wednesday morning,Zacks.com reports.

Several other research analysts have also recently commented on CALY. UBS Group raised their target price on Topgolf Callaway Brands from $11.00 to $15.00 and gave the stock a “neutral” rating in a research report on Friday, March 27th. Weiss Ratings began coverage on shares of Topgolf Callaway Brands in a research note on Tuesday, March 3rd. They issued a “sell (d-)” rating for the company. One research analyst has rated the stock with a Strong Buy rating, one has issued a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, Topgolf Callaway Brands presently has an average rating of “Hold” and a consensus price target of $15.00.

Topgolf Callaway Brands Stock Up 5.6%

CALY stock traded up $0.81 during trading on Wednesday, reaching $15.11. 690,917 shares of the stock were exchanged, compared to its average volume of 2,931,115. Topgolf Callaway Brands has a twelve month low of $5.86 and a twelve month high of $16.65. The company has a market cap of $2.75 billion, a PE ratio of -47.20 and a beta of 0.96. The company has a quick ratio of 1.22, a current ratio of 1.36 and a debt-to-equity ratio of 0.31.

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.