Activision Blizzard Sets New 52-Week High at $22.40 (ATVI)
Activision Blizzard (NASDAQ:ATVI) shares hit a new 52-week high during mid-day trading on Friday , AnalystRatingsNetwork reports. The company traded as high as $22.40 and last traded at $22.30, with a volume of 4,109,975 shares trading hands. The stock had previously closed at $21.80.
Several analysts have recently commented on the stock. Analysts at Brean Capital raised their price target on shares of Activision Blizzard from $24.00 to $25.00 in a research note on Wednesday. They now have a “buy” rating on the stock. Separately, analysts at Stifel Nicolaus raised their price target on shares of Activision Blizzard from $24.00 to $26.00 in a research note on Thursday, May 8th. They now have a “buy” rating on the stock. Finally, analysts at Credit Suisse reiterated an “outperform” rating on shares of Activision Blizzard in a research note on Wednesday, May 7th. They now have a $25.00 price target on the stock, up previously from $24.00. Eleven investment analysts have rated the stock with a buy rating, Activision Blizzard currently has a consensus rating of “Buy” and a consensus target price of $24.21.
The stock has a 50-day moving average of $21.04 and a 200-day moving average of $19.46. The company has a market cap of $15.866 billion and a P/E ratio of 24.77.
Activision Blizzard (NASDAQ:ATVI) last issued its quarterly earnings data on Tuesday, May 6th. The company reported $0.19 EPS for the quarter, beating the Thomson Reuters consensus estimate of $0.10 by $0.09. The company had revenue of $772.00 million for the quarter, compared to the consensus estimate of $688.23 million. During the same quarter in the prior year, the company posted $0.17 earnings per share. The company’s quarterly revenue was down 4.0% on a year-over-year basis. Analysts expect that Activision Blizzard will post $1.31 EPS for the current fiscal year.
Activision, Inc (NASDAQ:ATVI) is a worldwide publisher of online, personal computer (PC), console, handheld, and mobile interactive entertainment products.
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