Piper Jaffray Upgrades King Digital Entertainment PLC to Overweight (KING)
The analysts wrote, “neutral” to “overweight.”
King Digital Entertainment PLC (NYSE:KING) opened at 21.87 on Monday. King Digital Entertainment PLC has a 52 week low of $15.26 and a 52 week high of $23.48. The stock’s 50-day moving average is $17.41 and its 200-day moving average is $17.62. The company has a market cap of $6.948 billion and a P/E ratio of 11.24.
King Digital Entertainment PLC (NYSE:KING) last posted its quarterly earnings results on Wednesday, May 7th. The company reported $0.41 EPS for the quarter, missing the Thomson Reuters 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 quarterly revenue was up 194.7% on a year-over-year basis.
Several other analysts have also recently commented on the stock. 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. Separately, 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. Finally, analysts at Bank of America initiated coverage on shares of King Digital Entertainment PLC in a research note on Monday, May 5th. They set a “buy” rating and a $23.00 price target on the stock. One investment analyst has rated the stock with a hold rating and ten have assigned a buy rating to the company’s stock. The stock has an average rating of “Buy” and a consensus target price of $25.18.
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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