Topgolf Callaway Brands (NYSE:CALY) Upgraded 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,Zacks.com reports.

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

Topgolf Callaway Brands Price Performance

CALY stock opened at $15.31 on Wednesday. Topgolf Callaway Brands has a twelve month low of $5.86 and a twelve month high of $16.65. The company has a debt-to-equity ratio of 0.31, a current ratio of 1.36 and a quick ratio of 1.22. The company has a market cap of $2.79 billion, a PE ratio of -47.84 and a beta of 0.96.

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.