King Digital Entertainment PLC Downgraded to Underperform at Zacks (KING)
King Digital Entertainment PLC (NYSE:KING) was downgraded by Zacks from a “neutral” rating to an “underperform” rating in a research report issued to clients and investors on Monday. They currently have a $20.80 target price on the stock. Zacks‘s price target points to a potential downside of 4.89% from the stock’s previous close.
Shares of King Digital Entertainment PLC (NYSE:KING) traded down 3.16% on Monday, hitting $21.18. The stock had a trading volume of 3,858,424 shares. King Digital Entertainment PLC has a 52 week low of $15.26 and a 52 week high of $23.48. The stock has a 50-day moving average of $17.41 and a 200-day moving average of $17.62. The company has a market cap of $6.729 billion and a P/E ratio of 10.91.
King Digital Entertainment PLC (NYSE:KING) last released its earnings data on Wednesday, May 7th. The company reported $0.41 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.57 by $0.16. The company had revenue of $606.70 million for the quarter, compared to the consensus estimate of $205.90 million. The company’s revenue for the quarter was up 194.7% on a year-over-year basis.
KING has been the subject of a number of other recent research reports. Analysts at Piper Jaffray upgraded shares of King Digital Entertainment PLC from a “neutral” rating to an “overweight” rating in a research note on Monday. They now have a $28.00 price target on the stock, up previously from $19.00. Separately, analysts at Barclays raised their price target on shares of King Digital Entertainment PLC from $23.00 to $24.00 in a research note on Friday, May 9th. Finally, analysts at Wedbush initiated coverage on shares of King Digital Entertainment PLC in a research note on Tuesday, May 6th. They set an “outperform” rating and a $25.00 price target on the stock. One equities research analyst has rated the stock with a sell rating, one has given a hold rating and ten have assigned a buy rating to the company’s stock. The stock presently has an average rating of “Buy” and a consensus price target of $25.06.
King Digital Entertainment plc is an interactive entertainment company. The Company’s games include Candy Crush Saga, Pet Rescue Saga, Farm Heroes Saga, Papa Pear Saga and Bubble Witch Saga.
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