Analysts at BTIG Research initiated coverage on shares of Activision Blizzard (NASDAQ:ATVI) in a research note issued on Monday. The brokerage set a “buy” rating and a $80.00 price target on the stock. BTIG Research’s price target would suggest a potential upside of 19.89% from the stock’s previous close.
A number of other equities analysts also recently issued reports on ATVI. Vetr raised Activision Blizzard from a “hold” rating to a “buy” rating and set a $64.25 price target on the stock in a research report on Wednesday, September 27th. Goldman Sachs Group raised Activision Blizzard from a “neutral” rating to a “buy” rating in a research report on Tuesday, December 12th. BMO Capital Markets reaffirmed a “market perform” rating and set a $62.00 price target (up from $60.00) on shares of Activision Blizzard in a research report on Wednesday, September 20th. Hilliard Lyons raised Activision Blizzard from an “underperform” rating to a “neutral” rating in a research report on Wednesday, November 8th. Finally, Stifel Nicolaus reissued a “buy” rating on shares of Activision Blizzard in a research report on Sunday, September 10th. One research analyst has rated the stock with a sell rating, four have given a hold rating, twenty-five have issued a buy rating and one has given a strong buy rating to the stock. The stock currently has an average rating of “Buy” and a consensus price target of $69.10.
Activision Blizzard (NASDAQ ATVI) opened at $66.73 on Monday. The stock has a market capitalization of $50,454.55, a price-to-earnings ratio of 30.33, a PEG ratio of 2.32 and a beta of 1.03. The company has a current ratio of 2.25, a quick ratio of 2.22 and a debt-to-equity ratio of 0.44. Activision Blizzard has a 12-month low of $35.86 and a 12-month high of $67.03.
A number of institutional investors and hedge funds have recently made changes to their positions in the business. EQIS Capital Management boosted its stake in shares of Activision Blizzard by 932.7% during the 4th quarter. EQIS Capital Management now owns 29,886 shares of the company’s stock worth $1,157,000 after acquiring an additional 26,992 shares in the last quarter. BlackRock Institutional Trust Company N.A. lifted its stake in Activision Blizzard by 20.3% in the 3rd quarter. BlackRock Institutional Trust Company N.A. now owns 17,171,623 shares of the company’s stock valued at $760,703,000 after buying an additional 2,891,812 shares in the last quarter. Janus Capital Management lifted its stake in Activision Blizzard by 3,859.6% in the 3rd quarter. Janus Capital Management now owns 590,500 shares of the company’s stock valued at $18,241,000 after buying an additional 575,587 shares in the last quarter. Principal Financial Group Inc. lifted its stake in Activision Blizzard by 22.7% in the 3rd quarter. Principal Financial Group Inc. now owns 1,050,637 shares of the company’s stock valued at $46,543,000 after buying an additional 194,524 shares in the last quarter. Finally, Allen Investment Management LLC purchased a new position in Activision Blizzard in the 2nd quarter valued at about $2,095,000. 86.57% of the stock is currently owned by institutional investors.
WARNING: “Activision Blizzard (ATVI) Earns Buy Rating from Analysts at BTIG Research” was first published by American Market News and is the property of of American Market News. If you are viewing this news story on another site, it was stolen and reposted in violation of international trademark & copyright law. The original version of this news story can be read at https://www.americanbankingnews.com/2017/12/18/activision-blizzard-atvi-earns-buy-rating-from-analysts-at-btig-research.html.
About Activision Blizzard
Activision Blizzard, Inc is a developer and publisher of interactive entertainment content and services. The Company develops and distributes content and services across various gaming platforms, including video game consoles, personal computers (PC) and mobile devices. Its segments include Activision Publishing, Inc (Activision), Blizzard Entertainment, Inc (Blizzard), King Digital Entertainment (King) and Other.
