What do Analysts suggest for: Activision Blizzard, Inc. (NASDAQ:ATVI)
- Author: Regina Walsh Feb 11, 2017,
Feb 11, 2017, 0:48
Activision Blizzard, Inc has received $0.72 as the consensus Earnings Estimate for the Quarter ending on Dec 2016, According to the estimate provided by 5 Financial Advisor in the Stock Trading Firms. Meanwhile, the stock has a "Strong Buy" consensus rating on the stock with target price of $49.
Activision Blizzard, Inc. (NASDAQ:ATVI) shows its Return on Assets (ROA) value of 6.2 percent, while the Return on Equity (ROE) value is 12.3 percent and Return on Investment (ROI) value stands at 9 percent. During the same period in the previous year, the business posted $0.83 EPS. Number of analysts are covering this stock and now stock has got OUTPERFORM rating from 8 analysts of Thomson Reuters, 4 analysts given HOLD rating to the stock.
Activision stock was up 16%, near 46.25, in afternoon trading on the stock market today, earlier touching an all-time high of 47.64 and hitting a buy point of 45.65 out of a 16-week consolidation. Really well. In fact, it wouldn't be hyperbole to say the company did outstanding, trouncing revenue estimates and unveiling a stock buyback plan that stoked any ATVI stock holders who weren't impressed by last quarter's sales.
Relative strength index (RSI-14) for Activision Blizzard, Inc.'s (ATVI) is at 57.36.
Activision said revenue from in-game content reached a record $3.6 billion in 2016, compared to the $1.6 billion in 2015, driven by "World of Warcraft" and "Overwatch". Following the completion of the sale, the chief executive officer now owns 69,583 shares in the company, valued at approximately $2,789,582.47. California State Teachers Retirement System increased its stake in Activision Blizzard by 7.6% in the second quarter. Before Earnings Announcement on 08/04/2016, the firm had its stock price of $40.83.
Facebook, Inc. (FB) ended last trading session with a change of -0.04 percent. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Teachers Advisors LLC boosted its stake in shares of Activision Blizzard by 2.2% in the third quarter. The Stock now has a Weekly Volatility of 1.89% and Monthly Volatility of 1.75%. LLC increased its stake in Activision Blizzard by 6,400.5% in the second quarter. TIAA CREF Investment Management LLC now owns 4,425,757 shares of the company's stock worth $196,061,000 after buying an additional 147,360 shares during the last quarter.
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Activision Blizzard, Inc (NASDAQ:ATVI) announced a quarterly dividend on Thursday, February 9th.
The stock is getting much attention these days as insiders are offloading shares while they posted a 8.53% rise year to date.
Even though monitoring stock technical is significant, most stockholders are more apprehensive about where the stock might be going now.
The company has tough 2017 comps in Blizzard, says UBS analyst Eric Sheridan, but a positive ramp is coming with a new Destiny in September, and a return to form for Call of Duty could provide second-half growth as well.
Activision Blizzard is a worldwide pure-play online and console game publisher with leading market positions across all categories of the rapidly growing interactive entertainment software industry.