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Callaway Golf (NYSE:ELY) was upgraded by Zacks from a “neutral” rating to an “outperform” rating in a note issued to investors on Thursday, Analyst RN reports. The firm currently has a $10.60 price objective on the stock. Zacks‘s price objective indicates a potential upside of 9.39% from the company’s current price.

A number of other firms have also recently commented on ELY. Analysts at Wedbush raised their price target on shares of Callaway Golf from $7.00 to $8.00 in a research note on Monday, April 14th. Analysts at KeyCorp raised their price target on shares of Callaway Golf from $10.00 to $14.00 in a research note on Friday, March 28th. One research analyst has rated the stock with a hold rating, three have assigned a buy rating and one has issued a strong buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and an average target price of $10.60.

Callaway Golf (NYSE:ELY) traded down 7.95% on Thursday, hitting $8.92. 3,332,547 shares of the company’s stock traded hands. Callaway Golf has a 52 week low of $6.24 and a 52 week high of $10.35. The stock has a 50-day moving average of $9.47 and a 200-day moving average of $8.50. The company’s market cap is $689.9 million.

Callaway Golf (NYSE:ELY) last announced its earnings results on Wednesday, April 23rd. The company reported $0.61 EPS for the quarter, beating the Thomson Reuters consensus estimate of $0.45 by $0.16. The company had revenue of $351.87 million for the quarter, compared to the consensus estimate of $314.15 million. During the same quarter in the prior year, the company posted $0.33 earnings per share. The company’s quarterly revenue was up 22.3% on a year-over-year basis. On average, analysts predict that Callaway Golf will post $0.18 earnings per share 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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