Activision Blizzard Inc. Sets New 1-Year High at $19.95 (ATVI)
Shares of Activision Blizzard (NASDAQ:ATVI) hit a new 52-week high during trading on Friday, ARN reports. The stock traded as high as $19.95 and last traded at $19.56, with a volume of 25,690,771 shares trading hands. The stock had previously closed at $17.17.
A number of analysts have recently weighed in on ATVI shares. Analysts at Jefferies Group raised their price target on shares of Activision Blizzard from $23.00 to $25.00 in a research note to investors on Friday. Separately, analysts at Brean Capital raised their price target on shares of Activision Blizzard from $20.00 to $22.00 in a research note to investors on Friday. They now have a “buy” rating on the stock. Finally, analysts at CRT Capital initiated coverage on shares of Activision Blizzard in a research note to investors on Friday, January 17th. They set a “buy” rating and a $23.00 price target on the stock. One research analyst has rated the stock with a hold rating and fifteen have issued a buy rating to the company. The stock has a consensus rating of “Buy” and an average target price of $20.53.
Activision Blizzard has a 52-week low of $12.90 and a 52-week high of $18.55. The stock’s 50-day moving average is $17.50 and its 200-day moving average is $17.15. The company has a market cap of $13.651 billion and a price-to-earnings ratio of 16.51. Activision Blizzard also saw a significant drop in short interest during the month of January. As of January 15th, there was short interest totalling 12,564,332 shares, a drop of 11.9% from the December 31st total of 14,053,944 shares. Based on an average daily volume of 6,027,172 shares, the short-interest ratio is presently 2.1 days. Approximately 2.9% of the shares of the company are short sold.
Activision Blizzard (NASDAQ:ATVI) last issued its quarterly earnings data on Thursday, February 6th. The company reported $0.79 EPS for the quarter, beating the Thomson Reuters consensus estimate of $0.73 by $0.06. The company had revenue of $2.27 billion for the quarter, compared to the consensus estimate of $2.22 billion. During the same quarter in the previous year, the company posted $0.78 earnings per share. The company’s revenue for the quarter was down 12.4% on a year-over-year basis. Analysts expect that Activision Blizzard will post $0.90 EPS for the current fiscal year.
The company also recently declared a quarterly dividend, which is scheduled for Wednesday, May 14th. Stockholders of record on Wednesday, March 19th will be given a dividend of 0.20 per share. This represents a $0.80 dividend on an annualized basis and a yield of 4.66%.
Activision, Inc (NASDAQ:ATVI) is a worldwide publisher of online, personal computer (PC), console, handheld, and mobile interactive entertainment products.
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