MODG - Topgolf Callaway Brands Corp.
Topgolf Callaway Brands Corp. (NYSE: MODG - Get Free Report) has earned an average recommendation of "Hold" from the eleven brokerages that are currently covering the company, Marketbeat reports. One research analyst has rated the stock with a sell rating, six have given a hold rating and four have issued a buy rating on the company.
Topgolf Callaway Brands surged 79.4% in a year, driven by a $1.1 billion Topgolf stake sale and balance sheet transformation. MODG used $800 million in cash proceeds to eliminate net debt, now holding a $200 million net cash position and launching a $200 million buyback. MODG trades at a 0.92x EV/revenue multiple, a steep discount to Acushnet, supporting continued upside despite recent gains.