Topgolf Callaway Brands (NYSE:CALY) Price Target Raised to $15.00

Topgolf Callaway Brands (NYSE:CALY) had its target price upped by UBS Group from $11.00 to $15.00 in a research report report published on Friday morning,Benzinga reports. The firm currently has a neutral rating on the stock.

CALY has been the topic of several other reports. Weiss Ratings initiated coverage on shares of Topgolf Callaway Brands in a report on Tuesday, March 3rd. They set a “sell (d-)” rating on the stock. Zacks Research downgraded shares of Topgolf Callaway Brands from a “strong-buy” rating to a “hold” rating in a report on Tuesday, March 17th. Two investment analysts have rated the stock with a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Reduce” and an average price target of $15.00.

Topgolf Callaway Brands Price Performance

Shares of NYSE:CALY opened at $13.51 on Friday. The company has a current ratio of 1.36, a quick ratio of 1.22 and a debt-to-equity ratio of 0.31. The stock has a market capitalization of $2.49 billion, a price-to-earnings ratio of -42.22 and a beta of 0.96. Topgolf Callaway Brands has a 12-month low of $5.42 and a 12-month high of $16.65.

About Topgolf Callaway Brands

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.