Shares of Topgolf Callaway Brands Corp. (NYSE:MODG – Get Free Report) have been given an average recommendation of “Hold” by the thirteen ratings firms that are currently covering the firm, Marketbeat.com reports. Two investment analysts have rated the stock with a sell rating, seven have given a hold rating and four have given a buy rating to the company. The average 12-month target price among brokers that have covered the stock in the last year is $16.23.
Several brokerages have issued reports on MODG. Truist Financial cut their price target on Topgolf Callaway Brands from $20.00 to $16.00 and set a “buy” rating on the stock in a report on Thursday, August 8th. The Goldman Sachs Group reduced their price target on shares of Topgolf Callaway Brands from $15.00 to $14.00 and set a “neutral” rating for the company in a research report on Friday, August 9th. KeyCorp downgraded shares of Topgolf Callaway Brands from an “overweight” rating to a “sector weight” rating in a report on Thursday, August 8th. Morgan Stanley reduced their price objective on shares of Topgolf Callaway Brands from $11.00 to $10.00 and set an “underweight” rating for the company in a report on Thursday, August 8th. Finally, Roth Mkm reaffirmed a “buy” rating and issued a $17.00 price target on shares of Topgolf Callaway Brands in a research report on Thursday, September 5th.
Read Our Latest Report on MODG
Institutional Investors Weigh In On Topgolf Callaway Brands
Topgolf Callaway Brands Stock Performance
NYSE:MODG opened at $10.20 on Friday. The firm has a market capitalization of $1.87 billion, a P/E ratio of 27.57, a P/E/G ratio of 6.08 and a beta of 1.74. Topgolf Callaway Brands has a twelve month low of $9.05 and a twelve month high of $16.89. The company has a fifty day moving average of $12.79 and a 200-day moving average of $14.45. The company has a quick ratio of 1.15, a current ratio of 1.93 and a debt-to-equity ratio of 0.37.
Topgolf Callaway Brands (NYSE:MODG – Get Free Report) last announced its quarterly earnings data on Wednesday, August 7th. The company reported $0.42 earnings per share for the quarter, beating the consensus estimate of $0.28 by $0.14. The firm had revenue of $1.16 billion for the quarter, compared to analyst estimates of $1.19 billion. Topgolf Callaway Brands had a net margin of 0.50% and a return on equity of 2.07%. The business’s quarterly revenue was down 1.9% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.39 earnings per share. As a group, sell-side analysts anticipate that Topgolf Callaway Brands will post 0.18 EPS for the current year.
Topgolf Callaway Brands Company Profile
Topgolf Callaway Brands Corp. designs, manufactures, and sells golf equipment, golf and lifestyle apparel, and other accessories in the United States, Europe, Asia, and Internationally. The Topgolf segment operates Topgolf venues equipped with technology-enabled hitting bays, bars, dining areas, and event spaces, as well as Toptracer ball-flight tracking technology; and World Golf Tour digital golf game.
Further Reading
- Five stocks we like better than Topgolf Callaway Brands
- Using the MarketBeat Stock Split Calculator
- Symbotic’s Double-Bagger Potential as It Hits a Key Inflection
- Stock Ratings and Recommendations: Understanding Analyst Ratings
- High Dividend Yields Make These 2 Shipping Stocks Stand Out
- Dividend King Proctor & Gamble Is A Buy On Post-Earnings Weakness
- Can Celsius Stock Rebound? Analysts See 74% Upside Potential
Receive News & Ratings for Topgolf Callaway Brands Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Topgolf Callaway Brands and related companies with MarketBeat.com's FREE daily email newsletter.