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Shares of Callaway Golf (NYSE:ELY) hit a new 52-week high during mid-day trading on Thursday, AnalystRatings.Net reports. The stock traded as high as $8.99 and last traded at $8.90, with a volume of 1,254,915 shares trading hands. The stock had previously closed at $8.57.

A number of analysts have recently weighed in on ELY shares. Analysts at Zacks downgraded shares of Callaway Golf from an “outperform” rating to a “neutral” rating in a research note to investors on Tuesday, December 31st. They now have a $9.10 price target on the stock. Separately, analysts at Raymond James upgraded shares of Callaway Golf from an “outperform” rating to a “strong-buy” rating in a research note to investors on Thursday, December 19th. They now have a $9.50 price target on the stock. Finally, analysts at Thomson Reuters/Verus downgraded shares of Callaway Golf from a “hold” rating to a “sell” rating in a research note to investors on Monday, November 4th. Two research analysts have rated the stock with a sell rating, three have given a hold rating, two have assigned a buy rating and one has given a strong buy rating to the stock. Callaway Golf has an average rating of “Hold” and a consensus target price of $9.42.

Callaway Golf has a 1-year low of $6.15 and a 1-year high of $8.99. The stock has a 50-day moving average of $8.2 and a 200-day moving average of $7.57. The company’s market cap is $664.1 million.

Callaway Golf (NYSE:ELY) last issued its quarterly earnings data on Thursday, October 24th. The company reported ($0.18) earnings per share for the quarter, beating the analysts’ consensus estimate of ($0.28) by $0.10. The company had revenue of $178.00 million for the quarter, compared to the consensus estimate of $152.63 million. During the same quarter last year, the company posted ($0.50) earnings per share. Callaway Golf’s revenue was up 20.3% compared to the same quarter last year. Analysts expect that Callaway Golf will post $0.01 EPS for the current fiscal year.

Manufactures a line of specialty golf clubs and other golf related equipment. Primary products include oversized Big Bertha metal woods, conventional-sized S2H2 metal woods, S2H2 irons and Callaway Hickory Stick wedges and putters.

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