Technology

Changes to Broker Targets on Activision Blizzard, Inc. (NASDAQ:ATVI)

Activision Blizzard, Inc. (NASDAQ:ATVI) shares traded 0.86% during the most recent session the stock exchanged hands 5.21M shares versus average trading capacity of 5.35M shares, yielding a market cap of $39.97B. Wall Street analysts covering the stock are projecting that the stock will reach $52.99 within the next 52-weeks. The mean target projections are based on 20 opinions, the mean target was last revised on 04/28/17.

Taking a broader look brokerage firms’ analysts on the street with an expectant view have Activision Blizzard, Inc. (NASDAQ:ATVI) high price target of $61.00 and with a conservative view have low price target of $42.00 with a standard deviation of $5.47. If seeing target price from optimistic overview then it has a 16 percent upside potential from the latest closing price of $52.70.

Activision Blizzard, Inc. (NASDAQ:ATVI) received “Reiterated” rating by The Benchmark Company in a research note issued to investors on May-01-17 as Buy from $53.96 to $57.88.

Additionally on Apr-26-17 Activision Blizzard, Inc. (NASDAQ:ATVI) was “Resumed” by Pacific Crest as Overweight at $60 and on Feb-13-17 the stock was “Reiterated” by Stifel as Buy from $45 to $53. Furthermore on Feb-10-17 the stock was “Reiterated” by Stifel as Buy.

On the other hand the company has Relative Strength Index (RSI 14) of 80.21 along with Average True Range (ATR 14) of 0.73, Consequently Activision Blizzard, Inc. (NASDAQ:ATVI) weekly and monthly volatility is 1.40%, 1.32% respectively. The company’s beta value is at 1.08.

In terms of Buy, Sell or Hold recommendations, Activision Blizzard, Inc. (NASDAQ:ATVI) has an analysts’ mean recommendation of 1.90. This is according to a simplified 1 to 5 scale where 1 represents a Strong Buy and 5 a Strong Sell.

Analysts who have weighed in on projected earnings growth are expecting that Activision Blizzard, Inc. (NASDAQ:ATVI) will report earnings of $0.21 for the current quarter on or around 5/4/2017 After Market Close, however the company’s high EPS estimates are $0.3 and low estimates are $0.18. However the company reported $0.23 earnings per share for the same quarter during last year.

Previously Activision Blizzard, Inc. (NASDAQ:ATVI) reported $0.86 earnings per share (EPS) for the quarter on 2/9/2017 After Market Close, beating the consensus estimate of $0.72 by $0.14. The company posted an earnings surprise of 19.44%.

While considering growth estimates of the company, it has next quarter growth estimates of -40.70% whereas during current quarter it has -8.70% estimations over growth, comparing to the estimations of -11.40% during current year and 21.50% for next year. Past 5 years growth of Activision Blizzard, Inc. (NASDAQ:ATVI) observed at 24.69%, looking forward for the next 5 years it has a strong prediction of 18.06% over growth.

Activision Blizzard, Inc. (NASDAQ:ATVI) revenue estimates for the current quarter are $1.09B according to 20 number of analysts, for the current quarter the company has high revenue estimates of $1.2B in contradiction of low revenue estimates of $1.05B. For the current year the company’s revenue estimates are $6.42B compared to low analyst estimates of $6.3B and high estimates of $6.76B according 22 number of analysts.

Currently Activision Blizzard, Inc. (NASDAQ:ATVI) shares owned by insiders are 0.40%, whereas shares owned by institutional owners are 88.40%. However the six-month change in the insider ownership was recorded -77.19%, as well as three-month change in the institutional ownership was recorded 0.13%.

Activision Blizzard, Inc. (NASDAQ:ATVI) trading 0.80% far from its 52 week high of $52.28 and +58.04% far from the stock’s low point over the past 52 weeks, which was $33.35. The stock hit its 52-week high on 05/01/17, and 52-week low on 05/04/16. The company’s trailing twelve month income is 962.00M dollars and is paying 0.57% dividend yield annually.

Activision Blizzard, Inc. (NASDAQ:ATVI) trailing twelve month revenues are $6.61B, whereas its price to sales ratio for the same period is 5.97. Its book value per share for the most recent quarter is $12.27 while its price to book ratio for the same period is 4.30, as for as the company’s cash per share for the most recent quarter is $4.33, however its price to cash per share ratio for the same period is 12.16. The stock has a current PEG ratio of 2.19 where as its trailing twelve month P/E ratio is 41.37.

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