Topgolf Callaway Brands Corp. (NYSE:MODG – Get Free Report) has earned a consensus rating of “Hold” from the twelve brokerages that are presently covering the firm, MarketBeat.com reports. Two analysts have rated the stock with a sell rating, seven have assigned a hold rating and three have given a buy rating to the company. The average twelve-month price target among brokerages that have covered the stock in the last year is $14.92.
A number of equities analysts recently commented on the company. Truist Financial decreased their price target on Topgolf Callaway Brands from $16.00 to $14.00 and set a “buy” rating for the company in a research note on Wednesday, November 13th. TD Cowen lowered their price target on Topgolf Callaway Brands from $13.00 to $10.00 and set a “hold” rating for the company in a report on Tuesday, September 17th. B. Riley cut Topgolf Callaway Brands from a “buy” rating to a “neutral” rating and reduced their price objective for the stock from $18.00 to $12.00 in a research note on Thursday, October 17th. Roth Mkm reiterated a “buy” rating and set a $16.00 target price (down previously from $17.00) on shares of Topgolf Callaway Brands in a research note on Thursday, November 14th. Finally, Jefferies Financial Group downgraded shares of Topgolf Callaway Brands from a “buy” rating to a “hold” rating and reduced their price target for the stock from $40.00 to $12.00 in a research report on Thursday, August 29th.
View Our Latest Stock Analysis on MODG
Hedge Funds Weigh In On Topgolf Callaway Brands
Topgolf Callaway Brands Price Performance
Shares of MODG stock opened at $8.21 on Wednesday. The firm has a fifty day moving average of $9.68 and a two-hundred day moving average of $12.21. The firm has a market cap of $1.51 billion, a P/E ratio of -102.55, a P/E/G ratio of 5.82 and a beta of 1.70. Topgolf Callaway Brands has a 1-year low of $7.95 and a 1-year high of $16.89. The company has a debt-to-equity ratio of 0.37, a current ratio of 1.93 and a quick ratio of 1.14.
About Topgolf Callaway Brands
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.
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