Activision Blizzard Receives Consensus Rating of “Buy” from Analysts (NASDAQ:ATVI)
Activision Blizzard (NASDAQ:ATVI) has earned a consensus recommendation of “Buy” from the fifteen analysts that are currently covering the company, Analyst Ratings Net reports. Eleven investment analysts have rated the stock with a buy rating, The average 12-month target price among brokerages that have updated their coverage on the stock in the last year is $24.21.
Shares of Activision Blizzard (NASDAQ:ATVI) opened at 22.01 on Monday. Activision Blizzard has a 1-year low of $14.14 and a 1-year high of $22.40. The stock’s 50-day moving average is $21.09 and its 200-day moving average is $19.5. The company has a market cap of $15.737 billion and a price-to-earnings ratio of 24.91.
Activision Blizzard (NASDAQ:ATVI) last released its 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. On average, analysts predict that Activision Blizzard will post $1.31 earnings per share for the current fiscal year.
A number of analysts have recently weighed in on ATVI shares. 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, June 25th. 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.
Activision, Inc (NASDAQ:ATVI) is a worldwide publisher of online, personal computer (PC), console, handheld, and mobile interactive entertainment products.
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