Callaway Golf (NYSE:ELY) Target Raised by SunTrust Banks, Inc. to $20.00

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Callaway Golf stock has undergone multiple analysts rating changes in the recent past.  Callaway Golf stock Target Raised by   SunTrust Banks, Inc. on 6/29/2020. In a note to investors, the firm issued a new target price of $20.00. The analysts previously had $16.00 target price. SunTrust Banks, Inc.’s price target would indicate a potential upside of 24.30% from the stock’s previous close.

Shares of Callaway Golf traded up $1.63 on Monday, reaching $17.72. 1636632 shares of the stock traded hands, compared to its average volume of 1963300. Shares of were trading at $17.72 on Monday. The firm’s 50 day moving average is $14.6 and its 200 day moving average is 17.34.Callaway Golf  has a 12 month low of $16.44 and a 12 month high of $22.33. While on yearly highs and lows, Callaway Golf today has traded high as $17.82 and has touched $16.44 on the downward trend.

Callaway Golf Earnings and What to expect: 

Callaway Golf last announced its earnings data on May 7th, 2020. The reported $0.32 earnings per share for the quarter, topping analysts’ consensus estimates of $0.30 by $0.02. The firm had revenue of $442.28 million for the quarter, compared to the consensus estimate of $440.70 million. Its revenue for the quarter was down 14.3% compared to the same quarter last year. Callaway Golf has generated $1.10 earnings per share over the last year and currently has a price-to-earnings ratio of 28.3. Callaway Golf has not formally confirmed its next earnings publication date, but the company’s estimated earnings date is Thursday, August 13th, 2020 based off prior year’s report dates.

Earnings for Callaway Golf are expected to grow by 165.52% in the coming year, from $0.29 to $0.77 per share. The P/E ratio of Callaway Golf is 28.16, which means that it is trading at a more expensive P/E ratio than the market average P/E ratio of about 16.08. The P/E ratio of Callaway Golf is 28.16, which means that it is trading at a less expensive P/E ratio than the Consumer Discretionary sector average P/E ratio of about 31.29. Callaway Golf has a P/B Ratio of 2.11. P/B Ratios below 3 indicates that a company is reasonably valued with respect to its assets and liabilities.

Latest Insiders Trading and Volume : 

  • Insider Ownership Percentage: 2.19%
  • On 1/6/2020 EVP Glenn F Hickey Sell 24,595 at average share price of $21.81 which equates to $536,416.95 in money value.
  • On 8/9/2019 EVP Richard H Arnett Sell 13,137 at average price of  $20.00 with total value of : Not Data Available
  • On 5/23/2019 Director Russell L Fleischer Buy 5,000 at average price of  $14.75 with total value of : $73,750.00
  • See More Analyst Rating at: RATING

Other Analyst’s rating for Callaway Golf

  • 6/16/2020 – Callaway Golf had its price target raised by analysts at Raymond James from $14.50 to $17.50. They now have an “outperform” rating on the stock. ()
  • 6/10/2020 – Callaway Golf had its price target raised by analysts at Stephens from $17.00 to $21.00. ()
  • 6/10/2020 – Callaway Golf had its price target raised by analysts at Cowen Inc from $18.00 to $22.00. ()
  • 5/11/2020 – Callaway Golf had its price target lowered by analysts at Compass Point from $20.00 to $17.50. They now have a “buy” rating on the stock. ()
  • See More Analyst Rating at: RATING

Other rating updates by SunTrust Banks, Inc.: 

  • 6/29/2020 – Acushnet had its price target raised by analysts at SunTrust Banks, Inc. from $24.00 to $30.00. They now have a “hold” rating on the stock. ()
  • 6/29/2020 – Wix.Com had its price target raised by analysts at SunTrust Banks, Inc. from $215.00 to $290.00. They now have a “buy” rating on the stock. ()
  • 6/29/2020 – Warner Music Group is now covered by analysts at SunTrust Banks, Inc.. They set a “buy” rating and a $35.00 price target on the stock. ()
  • 6/29/2020 – ZoomInfo Technologies is now covered by analysts at SunTrust Banks, Inc.. They set a “buy” rating and a $60.00 price target on the stock. ()
  • See More Analyst Rating at: RATING

Callaway Golf (NYSE:ELY) Moving Average Technical Analysis

5 day Moving Average is $16.88 And 5 day price change is -0.1 (-0.58%)  with average volume for 5 day average is 1,505,220. While technical analysis for average 20 days shows significant difference, 20 day moving average is  16.62 and 20 day price change is 1.85 (0.1203) and average 20 day moving volume is 1,926,115. 50 day moving average is 14.6  and 50 day price change is 6.28 ( 0.5735)  and with average volume for 50 days is : 2,265,100. 200 day moving average is 17.34  and 200 day price change is -2.03 (-10.54%)  and with average volume for 200 days is : 1,381,927.

See More Analyst Rating at: RATING